Panax secures $10M series A funding round

As businesses navigate an increasingly uncertain economic landscape, managing cash flow, liquidity, and financial risks has never been more critical. Today, we’re excited to announce that Panax has secured $10 million in Series A funding, led by Team8 and TLV Partners, to further our mission of transforming treasury management for mid-market and large enterprises.

The Challenge Finance Teams Face

For finance teams operating in complex environments—managing multiple bank accounts, currencies, and entities—gaining real-time visibility and control over cash flows is a constant challenge. Traditional treasury management systems often fall short, requiring hours of manual data gathering and leaving teams vulnerable to errors and inefficiencies.

Our Solution: AI-Powered Cash Flow Management

Panax addresses these challenges head-on with our AI-driven platform that consolidates financial data from banks, ERPs, and other sources into a single, unified view. Our solution automates transaction categorization, surfaces critical insights, and provides real-time cash forecasts, empowering finance teams to optimize liquidity and make data-driven decisions with confidence.

Our customers have seen remarkable results. Many report saving over $100K annually on interest payments, while others have increased their cash invested in interest-bearing accounts by 15-20%. Perhaps most importantly, Panax has freed up 15-30 hours per week that were previously spent on manual data tasks, allowing finance teams to focus on more strategic initiatives.

The Road Ahead: Scaling with New Funding

With this new round of funding, Panax is poised for rapid growth. We plan to expand our U.S. presence with a new office in New York City, scale our sales and support teams to meet rising market demand, and accelerate product development to bring even more powerful features to our platform.

Our leadership team—CEO Noam Mills, CTO Sefi Itzkovich, and CBO Niv Yaar—brings deep expertise in both finance and technology, having experienced these pain points firsthand. It was this firsthand knowledge that inspired the creation of Panax, and it’s what drives our commitment to delivering value to our customers.

Investor Confidence and Vision

Our investors share our vision for the future of treasury management. Hadar Siterman Norris, a partner at Team8, emphasized, "The evolving role of the CFO requires strategic foresight and innovative tools. Panax is uniquely positioned to lead in this space, delivering tangible value to finance teams across industries."

Yonatan Mandelbaum, a partner at TLV Partners, added, "Panax is set to become the operating system for finance teams, orchestrating all aspects of financial operations. The combination of finance and tech expertise within the Panax team is what sets them apart."

Join Us on This Journey

As we embark on this next phase of growth, we’re excited to continue working with our customers to redefine what’s possible in cash flow management. If you’re ready to see how Panax can transform your treasury operations, book a demo today or visit our website to learn more.