Ledge, a fully automated, no-code payments command center built to empower CFOs and their finance teams, has emerged from stealth with $9M in seed funding led by New Enterprise Associates (NEA) as well as Vertex Ventures, FJ Labs and existing investors Picus Capital. With this investment, Ledge will enhance its automated finance operations platform and introduce greater treasury management capabilities to equip finance teams with the instant insights they need to make strategic decisions. The round will also be used to expand its team and product globally with a focus on North America.
By centralizing all payments data, Ledge improves visibility, dramatically lowers the risk of losses, and reduces operational costs, all without requiring engineering support. With pre-integrated access to all major banks, payment processors, ERPs, and billing solutions, Ledge’s platform seamlessly connects directly to companies’ existing data, payments, and banking infrastructures enabling a company to get up and running within minutes.
The solution aggregates balances across providers to present a real-time snapshot of companies’ cash positions and provides treasury insights and recommendations that enable teams to make smarter finance decisions. Ledge’s Big Data Pipeline aggregates and normalizes data from multiple sources, and its Reconciliation Engine automates multi-way reconciliation, enables continuous real-time accounting and ledgering, and empowers teams to immediately identify and resolve problematic transactions.
Ledge has been working with companies across multiple different segments including marketplaces, platforms, and SaaS companies. Ledge’s strategic investors include founders from fintech giants Payoneer, Fundbox, Papaya Global, Melio, and Mesh Payments.