Statement builds a “cash intelligence” platform that connects with banks and integrates with business tools (e.g., Google Sheets), ERPs (e.g., Oracle Cloud, NetSuite) and payment providers (e.g., PayPal, Stripe) to reconcile and sync real‑time financial data. The product automatically categorizes transactions, generates financial reports, forecasts short‑ and long‑term cash flow, and offers workflow automation to replace manual treasury tasks. The company says it already has dozens of customers and that revenue grew 10x over the past year. Statement positions itself to save finance teams hundreds of hours per month on manual data collection and to improve cash management outcomes. The startup plans to use the new capital to double down on go‑to‑market efforts and accelerate product development. The team is currently 31 people across New York and Tel Aviv and plans to grow to 35 by the end of next year.

Total raised

$12M

Funding rounds

1

Latest round

Seed

Latest activity

Oct 2023