Rim Tec
Latest round
- Series B
Last raised
- Oct 2008
Total raised
- $7.5M
Investors
- 2
About Rim Tec
Rim Tec Inc.Founded in 2005 and headquartered in Scottsdale, US, Rim Tec Inc. operates within the technology solutions space, focusing on optimizing enterprise data for improved business operations. The company was acquired by Kyriba Corporation in January 2019, with the financial terms of the transaction undisclosed. The acquisition was part of Kyriba's strategy to expand its treasury management offerings.Rim Tec Inc. offers a suite of treasury management solutions that incorporate AI technology to enhance liquidity performance for CFOs and treasury leaders. Their products include advanced cash and treasury management tools, risk management frameworks, and automated payment processing systems, all designed to connect enterprise data with banks, ERPs, and other applications. The services cater to diverse industries such as finance, technology, retail, manufacturing, and insurance, supporting clients in North America, Europe, Asia, and Latin America.Rim Tec generates revenue through a subscription model for its treasury management services, which are tailored to businesses of various sizes. Clients subscribe to their liquidity management platform to access features like cash forecasting and risk management.Following the acquisition by Kyriba, Rim Tec plans to expand its product offerings, focusing on new treasury management solutions expected to launch in the near future. The company is also targeting expansion into the European and Asian markets to meet the increasing demand for optimized financial services by 2023.25 mn will support these initiatives, aiming to enhance product development and market penetration.
Who invested in Rim Tec
2 investors across 1 round
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Funding rounds
Series B
Oct 20, 2008
Amount
$7.5M
Investors
Questions about Rim Tec
Who invested in Rim Tec?
Rim Tec has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Rim Tec raised?
Rim Tec has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Rim Tec last raise money?
Rim Tec's most recent round on record is a Series B, in Oct 2008.
What does Rim Tec do?
Rim Tec is a software company.
Where is Rim Tec headquartered?
Rim Tec is headquartered in Scottsdale, US.
Which VCs invest in companies like Rim Tec?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Rim Tec's stage. Their profiles are linked below.
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