Israeli startup Panax raises a $10M Series A for its AI-driven cash flow management platform [Yahoo! Finance]
Otonomo Technologies Ltd. - Ordinary shares (OTMO)
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Source: Yahoo! Finance
Two-year-old Israeli startup Panax is one, and it just raised a $10 million Series A round of funding led by Team8 , with participation from TLV Partners Startups have had some luck going after the CFO stack by streamlining processes and freeing up time to work on strategic tasks. SVB's collapse created tailwinds for the cash management category, which includes players such as Embat Kyriba Statement and Vesto Unlike some of these, Panax is focused on midsize and large companies in traditional industries such as manufacturing, logistics and real estate. While they need more than startups do, they don't always have the type of large treasury departments that legacy solutions cater to. Target aside, Panax also hopes to differentiate itself in its offering, and not just by including investment accounts and credit lines in its purview. While visualizing cash flow is helpful, Panax wants to go further than providing a dashboard, Panax CEO Noam Mills told TechCrunch. She thinks help
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