Statement, a Tel Aviv, Israel-based cash-intelligence company for multi-banking, global liquidity management, raised $12M in Seed funding.
The round was led by Glilot Capital Partners, with participation from Citi, Mensch Capital Partners, Titan Capital and Operator Partners.
The company intends to use the funds to expand operations and its business reach.
Founded in 2022 by Idan Vlodinger (CEO) and Shahar Lahav (CTO), Statement provides an AI enabled cash-intelligence platform for enterprise finance and treasury teams to manage cash and liquidity and delivers a cash-flow forecasting module to update in real-time. With no IT resources required, dozens of companies leverage Statement to gain real-time visibility into their financial data and automate manual tasks including reconciliation and balance reporting, and forecast their cash flow across the comprehensive set of financial data.
Statement is compatible with over 3,000 banks, and integrates with ERP and accounting software (including NetSuite, Oracle Cloud and Microsoft Dynamics), payment service providers (including PayPal and Stripe) and common business tools like Google Sheets. It is fully SOC, SOC2, ISO27001, and GDPR certified.
FinSMEs
18/10/2023