Reported 22 days ago
Finmo, a fintech company, has received authorization from the UK Financial Conduct Authority to operate as an electronic money institution. This license enables Finmo to issue electronic money and facilitate both domestic and international fund transfers. The company plans to establish the UK as its primary operational hub and has launched GBP-denominated accounts, alongside enhancements to its compliance and operations teams. The move aligns with Finmo's strategy to provide embedded finance solutions while supporting mid-market enterprises and international businesses.
Source: YAHOO