# Palm Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/palm-technologies

- Industry: Financial Services
- Headquarters: UK
- Website: www.usepalm.com
- Total disclosed funding: $6.1M
- Latest round: Seed (Sep 3, 2024)
- Investors on record: 5

## About

Established in 2023 and based in the UK, Palm Technologies Limited provides an AI-driven treasury-based software designed to optimize liquidity management and streamline financial operations for businesses. In September 2024, Palm Technologies Limited raised USD 6.1 million in seed funding co-led by Speedinvest and Target Global.

The platform automates tasks such as generating cash forecasts, managing funds, and providing real-time insights through API connectivity with banks, spreadsheets, TMS, and ERP systems. Palm’s system offers four core functionalities: data integration, short-term and 13-week cash forecasting, centralized cash positioning, and automated reporting. Its machine learning models provide cash flow predictions and support data-driven decision-making.

The company intends to use the September 2024 funding to further develop its cash management platform for enterprise treasury teams.

## Funding rounds

- Seed, Sep 3, 2024, $6.1M — Speedinvest, Target Global, Liquid 2 Ventures, Upfin, Greens Ventures

## Investors

- Speedinvest (https://capitalatlas.ai/funds/speedinvest) — Seed
- Target Global (https://capitalatlas.ai/funds/target-global) — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- Upfin (https://capitalatlas.ai/funds/upfin) — Seed
- Greens Ventures (https://capitalatlas.ai/funds/greens-ventures) — Seed