Calgary fintech Finofo is expanding its AI-native finance platform with new expense-management and purchasing capabilities. The homegrown company initially focused on automating accounts payable, including invoice data extraction, coding, purchase-order matching and approval routing. Its expanded platform now covers vendor invoices, corporate card expenses, employee claims, purchase orders, payments and reconciliation. Finofo is positioning the […]
Finofo
Finofo Targets Mid-Sizes Business in Canada with Finance Workflow Automation Platform
In 2023, Calgary-based financial technology startup Finofo launched with $1.7 million in pre-seed funding to reduce the headache and complexity around foreign exchange rates for cross-border businesses. Finofo, which quickly became part of Alberta’s fintech fitness, secured another $3M in 2025. The Canadian company, founded by finance veterans Prateek Sodhi and Charles Maranda, this week […]
Calgary Fintech Finofo Raises $3.3M to Power Global Payments
Calgary’s fintech momentum continues as Finofo announces a $3.3 million oversubscribed seed funding round to scale its platform for global finance operations. The startup, co-founded by Alberta finance veterans Prateek Sodhi and Charles Maranda, enables mid-market companies to streamline international payments and reduce foreign exchange losses. The funding was led by Watertower Ventures, with support […]
Calgary’s Fintech Fitness
As one of the world’s largest financial technology hubs, Toronto is duly associated with Canadian fintech. But other regions of the country have their own fintech fitness, such as Vancouver. And Calgary is no exception. A recent report found the region to have Canada’s second-fastest growth rate for tech talent. Below, Calgary.tech highlights a handful […]
Calgary Pre-Seed Startup Launches FX Fintech Platform
Finofo announced this week pre-seed funding. The Calgary-based financial technology startup wants to reduce the headache and complexity around foreign exchange rates for cross-border businesses. Finofo raised capital after being conceived from “firsthand encounters with the challenges businesses face in financial operations,” according to the founders. “Recognizing the limitations of existing solutions, we were inspired […]