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Finofo Raises CAD1.6M in Pre-Seed Funding

FinSMEs is the financial news site dedicated to covering venture capital, private equity, and merger and acquisition deals in real time! ....

Prateek Sodhi , Charles Maranda , Desjardins Financial Holding , Motivate Venture , Saas Venture Capital , Sweet Spot Capital ,

Finofo secures funding to challenge traditional forex with automated solution

Exchange rate volatility has long been a major headache for cross-border businesses. Historically, companies have sought protection by purchasing foreign exchange (FX) insurance or options, but most of these financial products operate like giant "black boxes", Finofo's co-founder and CFO Charles Maranda told TechCrunch in an interview. Maranda's company aims to provide more transparency and control to users in the opaque FX world, an enormous industry that recorded $156 trillion in global cross-border payment flows last year. ....

Prateek Sodhi , Malav Shah , Charles Maranda , Analysis Centre Of Canada , Motivate Venture Capital , Saas Venture Capital , Sweet Spot Capital , Financial Transactions , Reports Analysis Centre , Financial Planning , Prateek Sodhi , Product Roadmap , Financial Engineer ,