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Vesto
Automated treasury management
- 1-20 employees
- Fintech
- B2B
- Investing
- Financial Services
- Midtown East, New York, NY
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Company mission
To be the smarter home for startups finances, becoming the financial control center and automating the entire finance function.
Our take
To make the most of their money, companies must manage funds and financial risk, but also ensure that their cash is not sitting idle. For larger businesses, corporate treasury offerings from banks can help their money work for them, but startups and small companies do not have access to these services. Vesto provides an automated treasury management platform for these companies, to extend their runways and put their idle cash to work.
Vesto was founded in 2022 by an entrepreneur who experienced their own struggles with idle cash sitting in checking accounts – sometimes at negative interest rates. Although there are a few solutions already on the market, the company says that where its competitors are inflexible or risky, its platform offers full visibility and control. Clients can move money without limitations, and monitor everything from one place. On top of this, Vesto’s solution is easy to integrate and does not require any new accounts to be made.
Vestor is an SEC registered investment advisor, showing a commitment to customer interest and security. The company currently serves a few pilot customers, and has raised good levels of funding to kickstart operations, with plans to target the full financial stack in the future.
Freddie
Company Specialist at Welcome to the Jungle
Company values
- We focus on customer success
- We prioritize speed and make our own timelines
- We bring great energy
- We prioritize ruthlessly