What Panax does

Panax is a private SaaS company founded in 2022 that provides an AI-native cash flow and treasury management platform for growth-stage and mid-market companies with multi-entity, multi-bank operations. The platform centralizes financial data from banks, ERPs, and payment service providers and applies AI-driven automation across the cash management lifecycle: real-time positioning, transaction categorization, AR reconciliation, forecasting, reporting, alerts, and insights. Core product modules include Cash Positioning, Cash Categorization, Cash Forecasting, Cash Reporting, Alerts & Insights, Cash Application, Connectivity, and the Panax AI insights engine, with Panax Builder (no-code agent deployment) and Panax MCP (Claude integration) as add-ons. The company highlights a 96% cash forecasting accuracy and reports customer outcomes including 50-60 hours saved per week on manual work and up to $750K in additional annual interest income.

Headquartered in New York with an engineering and R&D office in Tel Aviv, Panax employs 11-50 people and serves CFOs, finance teams, and treasury professionals across at least six verticals (Real Estate & Hospitality, Fintech, Manufacturing, Private Equity, Hospital & Healthcare, eCommerce), with a customer base that includes Oddity, Optimove, GoGlobal, Leonardo.ai, Diligent, Energix, Beachwold, Mixtiles, Overwolf, Pixellot, and others. The company is venture-backed, having raised approximately $15.5M across a $5.5M seed (TLV Partners, January 2023) and a $10M Series A (Team8-led with TLV Partners, August 2024), and operates a sales-led GTM with direct enterprise sales, inside sales, and a strategic partnership with Airwallex. Pricing is quote-based on annual subscriptions, segmented by team (CFOs, Finance, Treasury) and industry, and the platform holds SOC 2 Type 2 and GDPR compliance badges.

The business is run by founders Noam Mills (CEO), Sefi Itzkovich (CTO), and Niv Yaar (CBO), and was recognized in Calcalist's 2025 list of 50 Most Promising Israeli Startups. Panax distributes content through an "Agentic AI Finance & Treasury Academy," a blog, customer case studies ("Cash Stories"), an ROI calculator, webinars, and industry event participation, targeting finance leaders as both buyers and a top-of-funnel audience.

Name

Panax

Website

https://thepanax.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

51–100 employees

Short description

Panax is an AI-native cash flow and treasury management platform that centralizes multi-bank financial data and automates categorization, forecasting, reconciliation, and reporting for CFOs, finance, and treasury teams at growth and mid-market companies.

Ownership category

akta.pro rank

Product category

Treasury & Cash Management Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199), Services-Prepackaged Software (7372)

akta.pro primary industry

Treasury, Cash Management & Liquidity Tools (Sweeps, Cash Concentration) (FSAGAAAG)

akta.pro secondary industries

Robo-Advice for Institutional/Treasury (OCIO-lite, Cash & Liquidity) (FSAGAEAJ), Corporate Cash Management & Treasury ACH (FSAMAGAG)

Keywords

• Cash flow management
• Finance automation
• Treasury management software
• Cash forecasting platform
• AI financial operations

Headquarters

HQ city

New York

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Subscription: Panax operates as a SaaS platform providing AI-native cash and treasury management services on a subscription basis. The platform offers tiered plans (by team) with pricing based on features and capabilities for finance and treasury teams.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels10 records

Core offering

Panax provides an AI-native cash flow management and finance automation platform for finance teams at mid-market and growth-stage companies operating multi-entity, multi-bank treasury structures. The platform delivers real-time cash positioning, AI-driven cash categorization, forecasting, reporting, alerts, automated AR cash application, and bank connectivity through a set of modular products, augmented by a no-code Builder and an MCP integration that exposes treasury data to external AI agents. It is designed to replace spreadsheets and legacy treasury management systems (TMS) across verticals including Real Estate, Fintech, Manufacturing, Private Equity, Healthcare, and eCommerce.

Product overview

Panax is an AI-native cash and treasury management platform for growth and mid-market companies. The platform operates as a unified system combining a core connectivity layer that aggregates data from banks, ERPs, and payment service providers with multiple AI-powered modules. The main products include: Cash Positioning (real-time consolidated cash view), Cash Categorization (AI transaction classification), Cash Forecasting (predictive scenario planning), Cash Reporting (automated reporting), Alerts & Insights (proactive anomaly detection), Cash Application (automated AR reconciliation), and Panax AI (core AI insights engine). Panax Builder enables no-code custom agent deployment, while Panax MCP provides Claude integration for AI reasoning. The platform serves CFOs, finance teams, and treasury teams across industries including fintech, manufacturing, real estate, healthcare, eCommerce, and private equity.

Differentiator

Problem solved

Functional benefit

Products and services

• Panax AI The core AI engine of the Panax platform, powering cash positioning, categorization, forecasting, reporting, and alerts through proprietary Core Agents that automate finance workflows for multi-entity, multi-bank treasury teams.
• Cash Positioning Real-time, multi-bank, multi-entity cash positioning module that gives finance teams a consolidated view of group cash balances across all connected accounts.
• Cash Categorization AI-driven module that automatically classifies incoming and outgoing cash transactions across bank accounts and entities, replacing manual spreadsheet-based categorization.
• Cash Reporting Automated treasury reporting module that generates cash and liquidity reports across the corporate group, replacing manual report preparation for finance teams.
• Cash Forecasting AI-driven cash forecasting module that produces forward-looking cash flow projections across multiple entities and bank accounts for treasury and finance teams.
• Alerts & Insights AI-powered alerting and insight-generation module that notifies finance teams of cash anomalies, threshold breaches, and treasury-relevant events across their bank and entity footprint.
• Connectivity Connectivity module that aggregates balances and transactions from multiple banks and fintech business accounts (including Mercury, Brex, Ramp, and Plaid-connected institutions) into the Panax platform.
• Cash Application (AR Reconciliation) Automated accounts receivable cash application module that matches incoming payments to outstanding receivables and reconciles bank activity to ledger entries for finance and AR teams.
• Panax Builder No-code add-on module that lets finance teams configure custom cash management workflows, automations, and logic on top of the Panax platform without engineering resources.
• Panax MCP Model Context Protocol (MCP) add-on module that exposes the Panax platform's cash flow data and capabilities to external AI agents such as Anthropic's Claude, enabling agentic AI use cases across treasury workflows.

Quantifiable outcome

• $750K per year increase in interest from investments/debt reduction
• +5 more outcomes

Named customers26 records

Segments9 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability9 records

Feature8 records

Partnerships

One partnership is on record.

• AirwallexcoreStrategic or Co-development Partner · 27 April 2025Airwallex and Panax have partnered to transform the way companies manage cash globally. This partnership enables Panax to offer enhanced cash management capabilities integrated with Airwallex's global payment infrastructure, providing customers with unified cash visibility across banking and payment platforms.

Scale indicators7 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Trovata: Cloud-native cash management, forecasting, and treasury analytics platform aimed at mid-market and enterprise finance teams. Closely comparable to Panax in target buyer, multi-bank cash visibility, and SaaS delivery model.
• Modern Treasury: API-first corporate treasury and payments infrastructure used by companies to manage multi-bank cash flows, reconciliation, and forecasting. Comparable to Panax in serving multi-entity treasury operations with developer-friendly connectivity.
• Agicap: European cash flow forecasting and treasury management SaaS for SMBs and mid-market companies. Comparable to Panax in target segment, cash forecasting focus, and multi-bank consolidation.
• Float: Cash flow forecasting app that connects to banks, accounting software, and payment platforms to deliver real-time visibility for finance teams. Closely comparable in product scope, connectivity model, and SaaS distribution.
• Embat: Treasury management platform automating cash visibility, forecasting, and reconciliation for multi-entity companies. Direct functional overlap with Panax's core cash positioning and forecasting modules.
• Fathom: Financial analysis, reporting, and cash flow forecasting tool for SMBs and accountants. Comparable in connecting to accounting systems for cash insights, though more lightweight in scope than Panax.

Broad incumbents

• Kyriba: Large, established treasury management SaaS platform serving enterprise finance teams with cash, payments, and risk capabilities. Comparable problem space but with a much larger installed base and broader module footprint.
• HighRadius: AI-powered Order-to-Cash and Treasury platform combining AR automation with cash forecasting and bank connectivity. Overlaps with Panax on Cash Application and forecasting for larger enterprises.

Others

• Plaid: Bank connectivity and financial data infrastructure provider. Not a direct competitor, but its data layer underpins cash visibility products like Panax; a partner or substitute for in-house connectivity.

Emerging players

• Finint: Emerging treasury and cash management platform focused on mid-market European companies. Comparable in target customer and treasury scope, though with a narrower footprint and earlier stage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@thepanaxx
• LinkedInlinkedin.com/company/thepanax

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Panax