Finqware provides a treasury automation platform that utilizes open banking technology to deliver real-time cash management, payments, and reporting for multi-entity, cross-border organizations. This solution enhances liquidity management and financial visibility by integrating banking data from multiple European banks into a single interface.
Funding
$3.7M 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 multi-entity organizations struggle with fragmented financial data due to using multiple banking platforms across different countries. This makes it difficult to gain a real-time, consolidated view of cash positions, manage liquidity effectively, and streamline payment processes. Reconciling accounts and generating accurate financial reports across various banking systems is also time-consuming and prone to errors.
Solution
Finqware provides a treasury automation platform that aggregates financial data from multiple European banks into a single, unified interface. By leveraging open banking APIs, the platform delivers real-time cash management, payment automation, and reporting capabilities for multi-entity, cross-border organizations. Finqware enables businesses to improve cash visibility, streamline accounts reconciliation, automate bill payments, and optimize working capital insights. The platform connects directly to banks, ensuring secure data transfer without capturing user bank login credentials.
Target Audience
The primary target audience includes corporate treasurers, CFOs, and accounting teams at multi-entity, cross-border organizations operating in Europe.
Features
- Real-time cash visibility across multiple banks and countries
- Automated accounts reconciliation with live FX conversion
- Corporate payments hub for streamlined payments processing
- API connectivity for integration with ERP systems
- Customizable alerts for balance and transaction monitoring
- Role-based access control for enhanced security
- Self-service bank connectivity and authorization