Ledge, a Tel Aviv, Israel-based company providing a no-code payments command center built to empower CFOs and their finance teams, raised $9M in Seed funding.
The round was eld by New Enterprise Associates (NEA), as well as Vertex Ventures, FJ Labs and existing investors Picus Capital.
The company intends to use the funds to enhance its automated finance operations platform and introduce treasury management capabilities to equip finance teams with the instant insights they need to make strategic decisions. The round will also be used to expand its team and product globally with a focus on North America.
Led by Tal Kirschenbaum, Asaf Kotzer and Ariel Weiss, Ledge provides an Automated Finance Operations platform giving companies access to payments visibility, automation of multi-way reconciliation, real-time ledgering. It also provides key treasury insights while reducing the risk of losses.
With pre-integrated access to all major banks, payment processors, ERPs, and billing solutions, Ledge’s platform connects directly to companies’ existing data, payments, and banking infrastructures enabling a company to get up and running within minutes.
The solution aggregates balances across providers to present a real-time snapshot of companies’ cash positions and provides treasury insights and recommendations that enable teams to make smarter finance decisions.
Ledge has been working with companies across multiple different segments including marketplaces, platforms, and SaaS companies.
FinSMEs
16/02/2023