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Israeli startup Panax raises a $10M Series A for its AI-driven cash flow management platform
While visualizing cash flow is helpful, Panax wants to go further than providing a dashboard and help finance teams manage treasury, Panax CEO Noam Mills told TechCrunch.
High interest rates and financial pressures make it more important than ever for finance teams to have a better handle on their cash flow, and several startups are hoping to help. AI already plays an important role at Panax: It helps the startup make sense of all the financial data it puts together, but also identify insights and forecast cash flow. Foreign exchange is one aspect Panax can help optimize, and this could drive additional for the company besides its SaaS model, which is priced based on the complexity of each client’s operations.
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