Finofo

Finofo is a Canadian fintech company that offers an integrated platform designed to streamline and automate global financial operations for mid-market businesses. Founded in 2022 and headquartered in Calgary, Alberta, Finofo addresses the complexities of cross-border transactions, currency risk management, and treasury operations by providing a unified solution that combines advanced technology with user-friendly interfaces.

The platform enables businesses to manage accounts payable (AP), accounts receivable (AR), and treasury functions from a single dashboard. Key features include automated invoice processing, bulk payments in multiple currencies, real-time currency conversions, and integration with major ERP systems such as Microsoft Dynamics 365, Xero, NetSuite, QuickBooks Online, and Sage Intacct. Finofo's system also supports virtual corporate cards with customizable spend controls and offers localized accounts to facilitate faster receivables without incoming fees.

A standout aspect of Finofo is its focus on currency risk management. The platform utilizes advanced algorithms to analyze currency fluctuations specific to each business, providing insights and strategies to mitigate financial exposure. This data-driven approach allows companies to make informed decisions regarding foreign exchange, helping to reduce costs and improve financial stability.

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