AI Startups: PayPal Ventures, Citi Invest in Corporate Treasury AI Startup | PYMNTS.com

AI Startups: PayPal Ventures, Citi Invest in Corporate Treasury AI Startup | PYMNTS.com

PayPal Ventures and Citi Ventures are investing in Finmo, a startup that uses AI and other technologies to develop what it describes as a next-generation treasury operating system.

PayPal Ventures and Quona Capital led the Series A round of $18.5 million, which was oversubscribed. Citi Ventures also participated in the round. Finmo said it will use the funds to accelerate product development, enhance artificial intelligence (AI)-driven capabilities and expand globally.

Finmo offers…

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