Palm

Palm is an AI-powered treasury operating system built for global enterprises. The company addresses a long-standing pain point for corporate treasury teams: the challenge of managing cash efficiently across hundreds of bank accounts, multiple currencies, and dozens of subsidiaries. Legacy treasury systems are expensive, slow to implement, and require significant manual effort — leaving billions of dollars locked in unnecessarily over-funded accounts. Palm was built to solve this with a platform that automates cash forecasting, positioning, and reporting.

Palm's platform provides treasury teams with an all-in-one view of past and future cash flows, generating AI-driven recommendations that guide daily money movement. Its Cash Forecasting module offers account-level forecasts with automated accuracy scores; Cash Positioning replaces daily spreadsheet reviews with smart, policy-driven funding recommendations; and its Reporting module transforms manual reporting cycles into a dynamic, automated process. The platform can be implemented in weeks rather than the months typically required by incumbent treasury management systems.

Founded in 2023 by Gurjit Pannu and Christian Sobkowski and headquartered across Sweden and the Netherlands, Palm has demonstrated that its platform reduces operating cash balances by over 30% and outperforms human-generated forecasts in three out of four accounts. Early adopters include publicly listed companies in both the US and Europe with annual revenues exceeding $1 billion. In September 2024, Palm raised $6.1 million in seed funding led by Speedinvest and Target Global, with participation from Upfin, Liquid2, and Greens.