Fintech Firm Statement Raises $12 Million for Global Liquidity Management Platform

The fintech firm Statement secures $12 million in a seed round led by Glilot Capital Partners, with participation from Citi, Mensch Capital Partners, Titan Capital, and Operator Partners. Founded in 2022 and based in Tel Aviv and New York, Statement provides a platform for global liquidity management across multiple banks. CEO Idan Vlodinger, former Amazon product development overseer, and CTO Shahar Lahav, an ex-special operations combat officer and cybersecurity researcher, lead the company. The funding will support the expansion of Statement's platform that streamlines financial data access and automates tedious processes for businesses.

Statement's platform enables businesses to have instant access to financial data, automates tasks like balance reporting and reconciliation, and projects cash flow across a wide range of financial data. Co-founder and CEO Idan Vlodinger emphasizes the need for updated technologies in treasury and finance teams, providing a comprehensive view of an organization's financial health in today's rapidly changing financial landscape. The investment will aid Statement in increasing its presence in Israel, where the majority of its staff and product development are based.

CEO Idan Vlodinger notes that Statement aims to streamline the process for making cash flow decisions, offering real-time data access to financial teams. The platform helps businesses achieve significant yields while managing volatility, inflation, and foreign exchange concerns. CTO Shahar Lahav highlights the challenge of connecting different systems used by banks and financial service providers, and Statement's solution includes a reliable, expandable, and secure infrastructure that connects and compiles all financial data, improving finance team workflows.

The funding round reflects the growing demand for modernizing finance operations, and Statement's platform addresses the difficulty of connecting disparate systems used by banks and financial service providers. The technology facilitates real-time reconciliation, rolling cash flow forecasts, and secure AI database queries, fundamentally changing how businesses handle their finances.