Calgary-based fintech Finofo has closed a $3.3 million oversubscribed seed round to expand its global finance operations platform. Founded by Alberta finance veterans Prateek Sodhi and Charles Maranda, Finofo streamlines international payments for mid-market firms, reducing FX costs and enhancing financial security.
Investors include Watertower Ventures, Motivate Venture Capital, and local backers from its $1.7M pre-seed round. Now serving 180+ North American companies, the platform automates payments, offers multi-currency control, and real-time audit trails. CEO Sodhi says Finofo’s lean, sustainable approach reflects Alberta values. The raise highlights Calgary’s rise as a fintech hub ahead of the G7 Summit.
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