Daily Brief Private Markets: Finmo’s unified treasury platform attracts US$18.5M from global VCs | e27 and more

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Finmo’s unified treasury platform attracts US$18.5M from global VCs | e27

Finmo, an all-in-one treasury operating system (TOS), has announced an oversubscribed US$18.5 million Series A funding round, bringing its total funding to US$27 million.
The round was co-led by Quona Capital and PayPal Ventures, with participation from Citi Ventures.
The Singaporean startup will use the capital to accelerate its product development, invest in AI capabilities, and expand its global reach.

HD, the Bangkok-headquartered company behind HDmall, a healthcare and surgery marketplace in Thailand and Indonesia, has secured US$7.8 million in equity funding.
The funding round included participation from US-based Merck Sharp & Dohme (MSD), SBI Ven Capital, M Venture Partners, FEBE Ventures, and Partech Partners.
Also Read: These former aCommerce execs are building an ‘Amazon’ for healthcare in Southeast Asia This marks the first investment by MSD IDEA Studio Asia Pacific, an initiative by the MSD Global Health Innovation Fund (MGHIF) and MSD Asia Pacific regional team, invest in a Southeast Asian healthtech firm.

Payd, a Malaysian fintech company specialising in earned wage access (EWA) solutions, has raised US$400,000 in a seed extension funding round.
The investment, led by A2D Ventures, with participation from Orbit Startups and AngelSpark, aims to accelerate Payd’s mission to enhance employee financial well-being across Southeast Asia.
With this latest investment, Payd is looking to expand beyond its current markets in Malaysia and Thailand, forge new partnerships, and continue to reshape financial accessibility for employees across the region.

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