# Panax

> Panax is an AI-native cash management platform that unifies bank and ERP data into a single live financial picture for lean finance and treasury teams. Built by finance professionals, it automates the manual grind of cash categorization, forecasting, reconciliation and reporting while keeping the finance team as the final decision maker. Panax targets mid-market and large companies in traditional industries - manufacturing, logistics, real estate - that have complex treasury needs but no army of treasury analysts.

- **Founded:** 2022
- **Headquarters:** New York, USA (R&D in Tel Aviv, Israel)
- **Founders:** Noam Mills (Co-Founder & CEO), Niv Yaar (Co-Founder & Chief Business Officer), Sefi Itzkovich (Co-Founder & CTO)
- **Team size:** ~50 employees
- **Products:** Cash Management Platform, AI Cash Forecasting, Automated Categorization & Reconciliation, Cash Reporting & Alerts, AI Agents for Treasury
- **Notable:** Raised over $15M across Seed and Series A from Team8 and TLV Partners, Doubled its customer count in Q1 2024, Built an AI-native cash management platform aimed at underserved mid-market industries

## Products & services

- **Cash Management Platform** — Unifies bank and ERP data into a single live financial picture with real-time cash position monitoring across multiple entities and currencies.
- **AI Cash Forecasting** — AI-driven cash flow forecasting and scenario modeling so finance teams can see what is coming, not just what happened.
- **Automated Categorization & Reconciliation** — AI-powered transaction categorization, cash application and automated bank/ERP reconciliation that removes manual matching work.
- **Cash Reporting & Alerts** — Automated cash reporting plus proactive risk and liquidity alerts surfaced to the team before they become problems.
- **AI Agents for Treasury** — Finance-native AI agents that run cash and treasury operations, with humans retaining final sign-off.

## Achievements

- Raised over $15M across Seed and Series A from Team8 and TLV Partners
- Doubled its customer count in Q1 2024
- Built an AI-native cash management platform aimed at underserved mid-market industries
- Launched a cash management partnership with Airwallex in 2025

## Latest updates

- **2024-05** — Announced $10M Series A led by Team8 with participation from TLV Partners; expanding NYC office.
- **2025-04** — Launched cash management partnership with Airwallex.

## Links

- Website: https://www.thepanax.com
- LinkedIn: https://www.linkedin.com/company/thepanax

---

Profile page: https://yespress.io/panax
Published by YesPress — https://yespress.io
Last updated: 2026-06-07