Provides a digital platform for businesses to manage and optimize their idle cash reserves through secure, low-risk investment options like savings accounts, term deposits, and money market funds. By offering access to higher-yielding placements not typically available through traditional banks, it helps companies earn up to 4% interest while maintaining liquidity and fund security.
Funding
Funding not disclosed
Founders
Product
Problem
Businesses often struggle to optimize returns on idle cash reserves due to limited access to diverse, higher-yield investment options beyond traditional bank offerings. This can result in missed opportunities to grow capital while maintaining necessary liquidity.
Solution
Platon provides a digital platform that enables businesses to manage and optimize their idle cash by offering access to a range of secure, low-risk investment options, including savings accounts, term deposits, and money market funds. The platform offers higher-yielding placements than typically available through traditional banks, helping companies earn interest while maintaining liquidity and fund security. Platon streamlines the process of placing treasury funds, allowing businesses to allocate funds in under 10 minutes. Funds are secured under French regulations via the Fonds de Garantie des Dépôts et de Résolution (FGDR).
Target Audience
The primary target audience includes entrepreneurs, small businesses, and larger enterprises looking to optimize returns on their idle cash reserves with secure, low-risk investment options.
Features
- Access to a variety of investment options, including Livret Pro (professional savings accounts), term deposits, and money market funds.
- Competitive interest rates, with a boosted rate on Livret Pro for the first month.
- Online platform for managing and allocating treasury funds.
- Fast account setup and fund placement in under 10 minutes.
- Funds are secured by the Fonds de Garantie des Dépôts et de Résolution (FGDR).
- Compliant with DSP2 (Payment Services Directive 2).
- Two-factor authentication (2FA) for account security.
- Support available 7 days a week.