What is Statement?
Headquartered in New York, NY, Statement is revolutionizing financial operations for large organizations by providing an AI-native treasury automation platform. It consolidates financial data from diverse sources, including banks, ERP systems, payment providers, and spreadsheets, into a unified, real-time dashboard. The platform leverages advanced AI and machine learning to offer real-time cash visibility, dynamic cash flow forecasting, automated bank reconciliations, and intelligent transaction categorization, all without requiring extensive IT resources. Statement is purpose-built to empower treasurers, CFOs, and accounting teams to optimize liquidity, effectively manage risk, and streamline intricate cash management processes.
How much funding has Statement raised?
Statement has raised a total of $12M across 1 funding round:
Angel/Seed
$12M
Angel/Seed (2023): $12M with participation from Operator Partners, Citigroup, Mensch Capital, Glilot Capital Partners, and Titan Capital
Key Investors in Statement
Operator Partners
Operator Partners is a venture capital firm that invests its own capital in technology companies from Pre-Seed to Series B stages, focusing on partnering with founders to help them succeed without taking board seats or leading funding rounds.
Citigroup
Citigroup Inc. is a leading global financial services company headquartered in New York City, New York, providing a broad range of financial products and services to individuals, corporations, governments, and institutions in over 160 countries.
Mensch Capital
Mensch Capital specializes in the monetization of intellectual property, focusing on purchasing patents rather than acting as brokers, aiming to support inventors by helping them leverage their ideas to fund future innovations.
What's next for Statement?
This major enterprise-level funding positions Statement for accelerated growth and market expansion. The strategic investment will likely fuel further development of its AI capabilities, enhance its platform's integration with a wider array of financial systems, and support its go-to-market strategy to capture a larger share of the enterprise treasury automation market. The company's focus on providing actionable insights and automating complex workflows suggests a trajectory towards becoming an indispensable tool for global finance departments seeking efficiency and enhanced financial control.
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