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SalamTechs
العربيةBusiness services

Panax develops an automated cash-management platform for finance teams.

Introduce me to Panax
Panax website sharing image

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Founders & company facts

Sources reviewed:

Reported cumulative funding

$15,000,000 · Source

This index includes companies with publicly reported total funding up to US$150 million. This is a reported total, not valuation, the latest round size or confirmation of an open round. Funding reviewed: .

Documented founding team

Founded
2022Source
Reported Israeli location
Tel Aviv-YafoSource
Team range in directory
51-200Source
Reported business model
B2BSource

Selected disclosed financing

Selected transactions, with dates, funding types and reported participants.

  1. May 2024$10MSeries A
    Named participants

    TLV Partners · Team8

    Source
  2. Mar 2022$5MSeed
    Named participants

    TLV Partners

    Source

Company overview

Product & customers

Panax develops an automated cash-management platform for finance teams. It brings together banking information and cash-flow visibility to support day-to-day liquidity decisions across accounts and entities.

Commercial potential · editorial analysis

The commercial opportunity is helping finance teams manage fragmented banking relationships and anticipate liquidity needs without maintaining an expanding spreadsheet process. Investors should distinguish paid use and renewals from pilots, and examine how sales and delivery costs change as deployments expand.

What to validate

Diligence should focus on bank connectivity reliability, forecasting accuracy, data freshness and controls over any movement of customer funds. Evidence should come from representative customer deployments, with costs, limitations and failure cases reported alongside successful results.

Explore the company website

Product source reviewed on . Company source