FINLYNC

FINLYNC operates as a global financial technology company aiming to modernize corporate finance and treasury functions. The firm was co-founded by CEO Phillip Ashley Klein and CTO Peter Klein. Phillip Klein's background includes roles as a trader at Citi and Morgan Stanley, followed by a transition to management consulting at Deloitte, where he led the digital banking practice. This experience in both finance and digital strategy informed the creation of FinLync.

The company's core business revolves around aggregating global banking APIs to provide real-time payments and cash management solutions directly within a client's existing Enterprise Resource Planning (ERP) system. FinLync serves large corporations, including Fortune 500 and Fortune 2000 companies, by offering ERP-native applications that connect directly to their banking partners. This model bypasses the need for traditional treasury management systems, positioning the ERP as the central source of financial data. The business generates revenue by providing this advanced connectivity infrastructure that allows corporate treasurers to optimize cash, improve decision-making, and reduce the resources needed for managing complex financial operations.

FinLync's product provides a suite of features designed to enhance treasury operations. By embedding its technology within a client's ERP, such as SAP or Workday, it enables direct, real-time data flow from multiple banking partners. Key benefits include a "plug-and-play" approach to bank API integration, which significantly reduces the complexity and IT resources typically required for such projects. The platform facilitates real-time global cash positioning, end-to-end payment tracking, beneficiary account pre-validation, and accelerated automated reconciliation. For banks that are not yet API-ready, FinLync also offers connectivity through traditional channels like SWIFT. The company has established partnerships with major financial institutions, including Deutsche Bank, Standard Chartered, Raiffeisen Bank International, and J.P. Morgan, to ensure broad, secure, and efficient multi-bank connectivity for its corporate clients.

The company has achieved significant milestones, including securing a $16 million equity funding round in May 2021, led by Point72 Ventures with participation from Nyca Partners and William Hockey, the founder of Plaid. Subsequently, in July 2022, FinLync received a strategic investment from Workday Ventures, further solidifying its integration capabilities with leading ERP systems. These funding events have supported the company's technological development and global expansion, with offices in New York, Los Angeles, Singapore, and Paris. Keywords: corporate treasury, cash management, bank API integration, ERP native apps, real-time payments, treasury management, fintech, treasury automation, working capital optimization, multi-bank connectivity, financial operations, SAP integration, corporate finance, payment tracking, cash forecasting, automated reconciliation, open banking for corporates, treasury technology, liquidity management, global cash positioning