Payments technology start-up, Tribe Payments, has forged a new alliance with global Treasury Operating System (TOS), Finmo, to provide integrated payment and treasury support to banking and fintech clients in Asia-Pacific (APAC) and Europe.
Tribe Payments is known for providing payment providers, including banks and fintechs, with the technology to offer innovative payment solutions. Its Core Issuing platform supports a wide range of payment form factors and funding applications, such as debit, credit, and prepaid.
On the other hand, Finmo offers a powerful Treasury Operating System (TOS) that allows companies to manage their treasury operations from a centralised platform. The system simplifies treasury operations by providing sophisticated cash, liquidity, and risk management functionalities.
The partnership will involve integrating Tribe’s Issuing Processor with Finmo’s TOS, resulting in a comprehensive solution for executing and managing payments across key growth markets. This solution will not only streamline the payment processes for existing banking and fintech clients but also attract new entities looking for seamless payment solutions.
Amid the recent surge in digital payments following the global pandemic, this partnership cements the commitment of both firms to support the enhanced need for efficient, secure, and seamless payment systems. The alliance also highlights their dedication to bridging the gap in payment infrastructures between Europe and APAC.
It is worth noting that the partnership follows the recent funding announcements for both firms. Tribe Payments raised a significant amount in Series A funding led by Balderton Capital, whereas Finmo secured its latest funding round from Partech Partners.
In conclusion, the partnership of Tribe Payments and Finmo is poised to transform payment systems in Europe and APAC, punctuating a remarkable surge in fintech collaborations. It provides further evidence of the evolving global fintech landscape, where strategic collaborations promise to redefine payment architectures and facilitate the growth of digital transactions across borders.
