Finmaks is an open banking application that integrates financial transactions and account management across multiple banks into a single platform, utilizing AI algorithms for automated bookkeeping and real-time cash flow analysis. The solution addresses the complexities of managing diverse banking operations, enabling businesses to streamline payments, invoicing, and financial reporting efficiently.
Funding
$90K 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 businesses face challenges in managing financial transactions and accounts across multiple banks, leading to complexities in bookkeeping and real-time cash flow analysis. This often results in inefficient payment processes, invoicing, and financial reporting.
Solution
Finmaks is an open finance application that consolidates financial transactions and account management from various banks into a unified platform. By leveraging AI algorithms, Finmaks automates bookkeeping processes and provides real-time cash flow analysis. The platform streamlines payments, invoicing, and financial reporting, offering businesses a more efficient way to manage their diverse banking operations. Finmaks also offers features such as online bank integration, online card collection, bulk money transfers, and instant commercial loans.
Target Audience
Finmaks primarily targets businesses seeking to streamline their financial operations, automate bookkeeping, and gain real-time insights into their cash flow.
Features
- Automated bookkeeping for bank and POS transactions, integrating with ERP and accounting systems
- Real-time cash flow analysis and financial reporting
- Online bank integration for managing accounts and transactions in one application
- Online card collection and POS analysis
- Bulk money transfer capabilities
- Instant commercial loan access
- Customer and supplier portals for streamlined sales, collection, and payment processes
- E-invoice and e-archive features
- Integration with accounting software such as Logo Tiger, Logo Go3, Mikro, Netsis, SAP B1, and 1Ci