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Agicap secures $48 million for its cash flow management platform
On average, Agicap’s clients manage 15 different bank accounts each. So the chief financial officers (CFOs) working for these companies sometimes struggle
So the chief financial officers (CFOs) working for these companies sometimes struggle to make sure that there will be enough money in the right bank account to pay employees and suppliers across different subsidiaries, countries and currencies. “We aren’t disclosing the exact valuation, but we have managed to increase it substantially since 2021,” co-founder and CEO Sébastien Beyet (pictured above) told TechCrunch. It’s also a relatively untapped market as many companies still rely on Excel and file exports from bank accounts and ERP software.
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