Treasury and Payments Platform Finmo Secures UK EMI Licence, Expands Global Footprint

Finmo UK EMI License has been officially granted. This is a big step towards the company’s goal of expanding its treasury and payments platform around the world. The licence lets Finmo offer regulated services in the UK and makes it stronger in important international markets.

With the EMI licence, Finmo is now authorised to issue electronic money and offer a range of  payment services in the UK, including account issuance, domestic and cross-border fund  transfers, and foreign exchange transactions. The licence also enables Finmo to issue  IBANs, hold safeguarded client funds locally, and integrate directly with UK clearing systems  such as Faster Payments and Clearing House Automated Payment System.  

David Hanna, CEO and Co-founder of Finmo said, “Securing our EMI licence in the UK  signals more than just regulatory approval, it’s a commitment to serving clients in one of the  world’s most advanced financial ecosystems. From fintechs to mid-sized global companies  we’re here to empower modern finance and payment teams with greater control, visibility,  and confidence in their global treasury operations.” 

Finmo was founded in 2021 by David Hanna, Akhil Nigam, Richard Oh, Raj Vimal Chopra, and  Thomas Kang – financial technology veterans with decades of collective experience across  corporate treasury, global banking, payments, and compliance. 

Finmo’s entry into the UK market is part of its hub-and-spoke expansion strategy, designed  to serve clients across multiple regions from key regulatory jurisdictions. The licence also  supports Finmo’s plans to scale embedded finance solutions and deepen partnerships with  capital market providers for liquidity and FX risk management.  The Finmo UK EMI License gives Finmo’s platform a solid legal basis, which will help it offer more real-time treasury and embedded finance services.

Immediate rollouts under the EMI licence include the launch of GBP-denominated accounts,  and Faster Payments access for eligible clients.  

Finmo is also expanding its UK-based compliance and operations team to support these  efforts. This move enhances Finmo’s ability to serve UK-headquartered mid-market  enterprises, international businesses with cross-border operations, and companies with  complex financial requirements looking for regulated, high-performance treasury  infrastructure. 

The company recently launched MO AI, a conversational assistant embedded directly within  its intelligent treasury platform. Built for CFOs, controllers, and finance teams, MO AI  transforms fragmented, multi-entity workflows into a unified, real-time experience, enabling  users to retrieve balances, analyse payments, initiate transactions, and generate reports  using command-based prompts. 

With the Finmo UK EMI Licence secured, company is ready to speed up its growth in other countries while also giving global clients reliable financial infrastructure.