Fennech offers a cloud-based corporate banking platform that hyper-automates finance, treasury, and payment processes, providing real-time visibility and control with minimal human intervention. The platform integrates seamlessly with existing IT systems, enabling businesses to manage payments and liquidity across multiple banking partners efficiently and cost-effectively.
Funding
$3.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many corporate finance, treasury, and payment processes are still handled manually, leading to inefficiencies, errors, and a lack of real-time visibility. Integrating data across disparate ERP, core banking, and TMS systems is complex and costly, hindering automation efforts.
Solution
Fennech offers a cloud-based corporate banking platform (PaaS) that hyper-automates finance, treasury, and payment processes, providing real-time visibility and control with minimal human intervention. The F³ platform blends the functionalities of core banking systems, ERPs, and TMS into a single, configurable solution. It uses a low-code approach and a library of secure public APIs for seamless integration with existing IT infrastructure and banking partners. Fennech's platform leverages AI and machine learning to dynamically generate digital contracts and automate transaction execution, streamlining workflows and reducing operational costs.
Target Audience
Fennech targets banks and financial institutions looking to digitalize their B2B operations, as well as mid-sized to multinational corporations seeking to manage treasury operations in real-time across multiple banking partners.
Features
- F³ Platform-as-a-Service (PaaS) with a low-code development environment
- API-native, modular architecture with a comprehensive library of secure public APIs
- Digital Contracts: Data Objects that capture all relevant data points for financial transactions
- Smart Transactions: Self-executing individual transactions triggered by code
- Advanced Reconciliation Manager: Automatically allocates and reconciles incoming cash movements
- FX Hub: Generates new revenues, gains visibility and control over all FX activity
- Liquidity Management: Optimizes cash positions across multiple trading and legal entities
- In-House Virtual Bank: Creates a comprehensive virtual bank to “plug and play” with multiple banking partners
- API Connect: Connects core operating systems and standardizes input for Banks, Payment institutions or Merchant eCommerce APIs
- Agency Management: Manages and tracks payables and receivables between a network of agencies, suppliers, affiliate companies, or internal group entities
- Auto Payments: Automates large-scale payables and receivables at a transactional level
- Hypercube: Stores all smart transactions in a data lake, accessed in real-time via the Fennech Hypercube