Statement Secures $12M Funding to Expand Its Cash-Intelligence Platform

Statement, a Israel, Tel Aviv-based cash-intelligence company, has successfully raised $12 million in seed funding. The round was led by Glilot Capital Partners and witnessed participation from prominent investors, including Citi, Mensch Capital Partners, Titan Capital, and Operator Partners. Statement's mission is to empower enterprise finance and treasury teams with AI-enabled cash-intelligence tools that facilitate multi-banking and global liquidity management, all while offering real-time cash-flow forecasting capabilities. The platform requires no IT resources and is compatible with over 3,000 banks, integrating seamlessly with ERP and accounting software, payment service providers, and common business tools. With a focus on automating manual tasks, reconciliation, and balance reporting, Statement aims to provide real-time visibility into financial data.