GTXN provides a digital treasury solution that integrates real-time account management across multiple banks, automating reconciliation and enhancing foreign exchange and liquidity management for corporates engaged in cross-border transactions. The platform reduces operational risks and costs while improving financial planning and uncovering hidden revenue potential.
Funding
Funding not disclosed
Founders
Product
Problem
Corporations engaged in cross-border transactions face challenges in managing multiple bank accounts, reconciling transactions, and optimizing foreign exchange and liquidity, leading to increased operational risks and costs. Traditional methods often involve manual processes and numerous spreadsheets, increasing the potential for human error and inefficiencies.
Solution
GTXN provides a digital treasury solution designed to streamline and automate corporate finance operations in Africa. The platform integrates real-time account management across multiple banks through a single interface, reducing operational risk and simplifying the administration of receivables and payables. By automating reconciliation and providing better FX and liquidity management, GTXN helps corporations reduce costs, enhance efficiency, and improve financial planning. The system integrates with existing accounting and business systems to minimize manual data entry and human error.
Target Audience
The primary target audience includes corporations engaged in cross-border trade (importing or exporting goods and services) with an annual turnover of over KES 150m, foreign investors, and financial institutions operating in Africa.
Features
- Real-time account orchestration across multiple banks through a single interface
- Automated reconciliation processes to reduce manual effort and errors
- Streamlined administration of receivables and payables
- Enhanced FX and liquidity management tools
- Integration with existing accounting and business systems
- Access to a dealing desk and liquidity pools for foreign exchange transactions
- Multi-purpose securitization structure and digital processes for receivables financing
- Real-time access to financials and transactions through a digital platform