Palm, co-founded by Gurjit Pannu and Christian Sobkowski, is reshaping how large companies handle cash. With their experience from Uber and PayPal, they launched Palm in 2023 to simplify cash flow management across hundreds of accounts. Their platform automates money movement, tracks cash flow in real-time, and uses AI to forecast financial needs.

Recently, Palm secured $6.1 million in a seed round led by Speedinvest and Target Global. This funding will fuel the expansion of their product and engineering teams, pushing Palm’s innovative approach even further. Pannu highlighted that managing global cash flow has always been complex, but Palm’s platform aims to simplify it with a user-friendly solution.

Already, Palm has attracted interest from companies listed on NASDAQ and NYSE, although they haven’t disclosed specific names. The platform, currently in beta, is set to fully launch by the end of the year, with Palm positioned to redefine how businesses manage finances. Their streamlined, automated solution promises to turn what was once a tedious process into an efficient operation that drives growth.

With strong backing and a clear vision, Palm is ready to transform the treasury landscape, making cash management easier and more efficient for large enterprises worldwide.