Panax offers an AI-driven cash flow management platform that consolidates bank and ERP data to provide real-time cash positions, forecasting, transaction categorization, proactive reporting and trends analysis. The platform leverages Open Banking and GenAI to automate treasury processes and improve forecasting, reducing manual work and increasing operational efficiency. Customers report saving $100K+ per year on interest payments, achieving 15–20% increases in cash invested in interest-bearing accounts, and saving 15–30 hours of work per week. Panax doubled its number of customers in the first quarter of 2024 and is gaining rapid market traction. The company was founded by Noam Mills (CEO), Sefi Itzkovich (CTO) and Niv Yaar (CBO). With new funding, Panax plans to scale sales and support teams, expand its U.S. presence with a New York City office, and increase product development resources.

Total raised

$15M

Funding rounds

1

Latest round

Equity

Latest activity

May 2024