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Panax is a cash management platform designed to streamline and optimise treasury operations for lean and pre-treasury finance teams.

It was founded by finance professionals Niv Yaar and Noam Mills who had experienced the pain of cash management in their previous positions and saw a gap in the market for a light, easy to implement, cost efficient cash management platform. They were joined by Sefi Itzkovich, the former CTO at Otonomo and previously a senior software engineer at Meta.

Their goal was to provide finance teams with the visibility and automation needed to manage liquidity with confidence, without the complexity of traditional treasury management solutions.

What Does Panax Do?

Panax鈥檚 platform helps companies manage their cash flow more efficiently and accurately. The core of its offering is its cash positioning, which gives companies real-time visibility into their balances across multiple accounts, cash platforms and ERPs.

Dashboard and reports on the platform enable finance teams to know how much cash they have and where it is at all times. also uses AI to automate cash categorisation, reducing the manual work of identifying and grouping cash transactions.

Its cash forecasting functionality enables companies to quickly build rolling cash forecasts, using historical data, user-defined assumptions and AI recommendations to generate flexible and accurate projections.

The engine behind its suite of cash management products is its seamless data connectivity. Panax connects to over 10,000 banks, ERPs, and cash platforms worldwide, ensuring that whatever the bank, fintech platform or ERP, Panax can connect to it and get accurate data into its system

Who Is Panax For?

Panax is designed for mid-sized and growth-stage companies that require robust cash management but are at a pre-treasury team stage. Whether a business is scaling rapidly, managing multiple entities, or just seeking better control over their cash, Panax offers a modern, tech-driven solution that brings automation and intelligence to cash operations.

How Panax Stands Out

Unlike traditional treasury management systems that are complex, expensive, and often require lengthy implementations, Panax is a SaaS platform built for speed and efficiency. It provides a frictionless onboarding process, allowing companies to get their banks, ERPs and fintech platforms connected within weeks instead of the 1-year average for legacy TMS systems.

Their AI-driven approach to automation further differentiates Panax, reducing the manual effort involved in cash tracking, reconciliation, and forecasting.

Panax is vertical agnostic, finance professionals in industries as diverse as Fintech, real estate and manufacturing can all benefit from the platform鈥檚 ability to centralize and simplify cash management.

Customer Success

Clients report great gains from using Panax, be it having 100% visibility into their cash position from 1 view to time saved from not having to log-in to multiple bank accounts, to cuts into manual processes by being able to generate reports and cash forecasts.

Series A

In May 2024, Panax secured $10 million in a Series A funding round led by Team8 and TLV Partners. The investment will be used to build out its product further, enhance its AI capabilities, and support its go-to-market into the U.S. The funding marks a significant milestone in Panax鈥檚 mission to redefine cash management for modern businesses.