Palm secures £4.6m seed investment led by Speedinvest and Target Global to expand team
The seed round was led by Speedinvest and Target Global to support team expansion and international growth.
£4.6MSeed
Palm provides financial technology designed to streamline cash management and forecasting for enterprise treasury teams.
Palm has secured £4.6m in seed funding to expand its team and scale operations across Europe, the UK and the US. The round was led jointly by Speedinvest and Target Global, with additional backing from Upfin, Liquid2, and Greens, alongside several angel investors. The company provides a treasury operating system that automates cash forecasting and positioning for large enterprises.
From the founder
"Imagine your electricity getting cut because of insufficient funds due to not moving money to your current account in time. Now imagine that across hundreds of accounts and dozens of countries. That’s the daily challenge for treasury teams – juggling multiple systems to track and predict cash flow across global operations. Having implemented incumbent solutions three times to solve this without seeing meaningful change, we knew it was time to build something better"
GP
Gurjit Pannu
Co-Founder and Co-CEO at Palm
Investor perspective
"Palm represents the next generation of financial tools that are disrupting the enterprise CFO stack,"
OS
Olga Shikhantsova
Partner, Speedinvest
Use of funds
- 01Grow the team
- 02Expand into international markets
