Fintech startup Statement has recently secured $12 million in a Seed funding round, which will be directed towards the growth of its multinational banking and global liquidity management platform. The round, led by Glilot Capital Partners, featured participation from major investors including Citi, Mensch Capital Partners, Titan Capital, and Operator Partners. Founded by CEO Idan Gal and VP of Operations Jessica Rizzo, Statement aims to transform international banking and liquidity management for businesses with global operations.
The platform serves an important niche in the fintech ecosystem: providing businesses with efficient tools for managing their international financial operations. By leveraging advanced technology and a deep understanding of global banking needs, Statement creates a seamless experience for companies operating across multiple countries and currencies.
With this seed funding, Statement plans to expand its team, enhance its product offerings, and scale its operations to serve more businesses globally. The participation of major financial institutions like Citi in the funding round demonstrates the potential and viability of Statement’s solution in addressing real market needs.
The fintech industry has witnessed tremendous growth over the past several years, with startups like Statement leading the charge in innovation and customer-centric solutions. As businesses increasingly operate on a global scale, the demand for reliable and efficient international banking solutions continues to rise. Statement’s funding success reflects the growing recognition of this need and the company’s potential to become a key player in the global fintech landscape.
Gal’s vision for Statement centers on simplifying cross-border transactions and financial management for businesses of all sizes. By providing a unified platform that handles multiple currencies, banking relationships, and compliance requirements, Statement enables companies to focus on their core operations rather than navigating the complexities of international finance.
The funding round also highlights the continued confidence of investors in the fintech sector, particularly in companies addressing specific pain points in international business operations. As Statement continues to develop and expand its platform, it is well-positioned to capture significant market share in the growing global fintech ecosystem.
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Grace has been a freelance writer for over 10 years. Currently, her writing interest draws her to SaaS and security for different businesses. In her spare time, she snuggle with her two cats, Ned and Toast.
