Ledge exits stealth with $9m raise

Digital Banking

The Israeli startup has developed an automated, no-code payments command centre for finance teams.

Image source: Tal Kirschenbaum & Asaf Kotzer/Ledge.

Israel-based fintech Ledge is emerging from stealth after raising $9m in seed funding for its automated payments command centre.

Led by New Enterprise Associates (NEA), Vertex Ventures, FJ Labs and existing investors Picus Capitals, Ledge plans to use the funds to enhance its no-code finance operations platform, with greater “treasury management” capabilities.

Founded by CEO Tal Kirschenbaum and CTO Asaf Kotzer, the startup also plans to use the funds to expand its team and product globally, focusing on North America.

“We saw first hand in previous roles that finance teams are losing visibility over payments, losing control of their overall books, and losing crucial time for strategic initiatives, which is resulting in a hit to their bottom lines,” Kirschenbaum said.

“While many CFOs feel like they are dealing with a hair-on-fire challenge as they face an onslaught of mass digital payments being…

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