Agicap secures $48 million for its cash flow management platform

Quick Summary:

So the chief financial officers (CFOs) working for these companies sometimes struggle to make sure that there will be enough money in the right bank account to pay employees and suppliers across different subsidiaries, countries and currencies.

On average, Agicap’s clients manage 15 different bank accounts each.

Agicap’s relative success comes down to a narrow focus on treasury management software — it isn’t trying to do everything at once like most fintech startups.

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Article Details

Author / Journalist: Romain Dillet

Category: StartupsBusiness

Markets: United StatesFrance

Topics: Fundraising Agicap Startups Cash management Fintech

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 06:00:00 (1 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 879 words

Reading Time: 5 minutes read

Sentences: 42 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 23545833

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