Fintech company FinLync

Singapore-based FinLync, a global fintech company transforming corporate finance and treasury offices through its products, raised US$ 16M in the equity funding round on 10 May 2021.

Investors: The funding round was led by Point72 Ventures with participation from Nyca Partners, former CFO of Palantir and Founding Partner of Friends & Family Capital Colin Anderson and Plaid Founder William Hockey.

Purpose of the funding: The funds raised will support the startup’s growth, including investment in its technology and expansion of its global reach and executive leadership team.

About FinLync

Finlync

Founded in 2015 by Peter Klein and Phillip Ashley Klein, FinLync’s ERP native apps and API connectivity empower treasurers to optimize cash, make better, faster decisions, save time and reduce the resources needed to manage complex financial needs. Some of its notable clients include Fortune 500 and Fortune 2000 companies. FinLync’s global bank partners are J.P. Morgan and Standard Chartered, among others. The firm has talent from 18 different countries and offices in Singapore, Los Angeles, New York and Paris.

FinLync aims to bring speed, simplicity and greater transparency and control to finance and treasury professionals globally. It leverages bank APIs and embeds the technology within the client’s ERP, enabling corporate finance and treasury departments to have greater control and visibility over their data. Professionals can thus experience real-time payment processing, machine learning-assisted forecasting and reconciliation on a single user-intuitive platform.

What the CEO has to say: “We are at a critical point of growth for our firm. We’ve secured an extensive list of global bank partners and this investment will help us continue our goal of bringing open banking into the corporate treasury. With the right tools, treasurers and their teams can change leaders within their organizations. These individuals need access to real-time treasury data to manage their complex financial needs. With FinLync, corporate finance departments can become forward-thinkers and optimize cash, make better and faster decisions, all while saving time and resources. We believe that our solution is going to transform the treasury function of every global company and we are excited to have secured this growth investment to support our vision.” — Phillip Klein, co-founder and CEO of FinLync.

What the investors have to say: “The corporate treasury function has evolved into an increasingly strategic role. FinLync is accelerating that change with its unique solution for CFOs and treasurers around the world, and think they have an opportunity to transform this area of financial services. We are confident in the experience and industry knowledge FinLync’s executive team brings to the table and believe in their vision. We believe FinLync is uniquely positioned to make a significant impact on this area of open banking and corporate treasury and we are encouraged by the clients and partners it has secured. We look forward to supporting the business as it continues to expand globally.” — Tripp Shriner, Partner at Point72 Ventures.

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Komal writes about the startup ecosystem on VCBay. She is an Economics Hons. graduate from Miranda House, Delhi University, and is passionate about the world of entrepreneurship and finance.

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