Finmo, a treasury operating system, has partnered with Gotrade Securities to streamline cross-border payment infrastructure for retail investors in Southeast Asia. This collaboration allows investors to access U.S. equities, including fractional shares, using local payment methods.
The partnership addresses significant barriers such as currency conversion and international wire transfers, which have previously hindered Southeast Asian investors from participating in the U.S. market. David Hanna, CEO of Finmo, stated, “Partnering with Gotrade lets us put Finmo’s payments capability to work where it matters most, removing the last-mile friction that has kept cross-border investing out of reach.”
Gotrade’s mobile-first platform, combined with Finmo’s local currency collection and payout capabilities, enables users in cities like Manila and Jakarta to invest in U.S. stocks without the complexities of international transfers. This initiative is expected to open global markets to millions of potential investors in the region.
Finmo, supported by PayPal Ventures, Citi Ventures, and Quona Capital, is known for its comprehensive treasury management system that integrates data from various financial tools, offering real-time visibility and control. Licensed in eight jurisdictions, including Singapore and the UK, Finmo is committed to enhancing financial infrastructure for the digital economy.
This partnership marks a significant step in making global investment opportunities more accessible to Southeast Asian retail investors, potentially transforming the regional investment landscape.
