# Finofo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/finofo

- Industry: Financial Services
- Headquarters: Calgary, Canada
- Website: www.finofo.com
- Total disclosed funding: $2.4M
- Latest round: Seed (Jun 10, 2025)
- Investors on record: 3

## About

Based in Calgary, Canada, Finofo Inc operates as a financial technology company that offers a platform-as-a-service in which users can automate transactions like foreign exchange, payments, and international banking. The company was Co-founded by Charles Maranda and Prateek Sodhi. In June 2025, Finofo Inc. raised USD 3.3 million in seed funding led by new investor Watertower Ventures, with participation from returning investors Motivate Venture Capital and SaaS Ventures. Other unspecified investors also participated in the round. The company offers software-as-a-service in which users can automate their financial transactions like currency conversions, global banking, and accounts payable processing. It covers international payments across 150 countries and 40 currencies and let users track their payments in real-time. The platform also helps clients to schedule, bulk pay, or split invoice payments. The company will use the June 2025 funding for further growth and development.

## Funding rounds

- Seed, Jun 10, 2025, $2.4M — Watertower Ventures, SaaS Ventures, Motivate Venture Capital

## Investors

- Watertower Ventures (https://capitalatlas.ai/funds/watertower-ventures) — Seed
- SaaS Ventures (https://capitalatlas.ai/funds/saas-ventures) — Seed
- Motivate Venture Capital (https://capitalatlas.ai/funds/motivate-venture-capital) — Seed