Products: Cash visibility platform
Overview: Ayora offers a modern platform designed to help enterprises gain cash visibility across bank accounts and cash investment products. Clients can also digitise their treasury policy (or create one from scratch) and monitor their risk exposures and compliance in real-time. The stated aim of the platform is to assist companies in their decision-making and the mitigation of treasury risks including liquidity, FX and counterparty risk.
The product is geared towards companies that seek to improve cash management but are not ready to invest in a large, dedicated treasury team and extensive technology infrastructure. The platform facilitates collaboration and stronger governance, and can be used by financial decision-makers and their teams using a privilege management system that caters to different roles.
The product leverages secure open banking technology to achieve connectivity with a wide range of banks in the UK, Europe and the US. It can be used off-the-shelf with a minimum implementation lead time. Security measures are driven by the firm’s ISO 27001 certificate, and these are regularly tested with the help of CREST-accredited penetration testers.
Clients: Mid-market corporates and fund managers
Active region(s): UK, Europe, US
Partners: Include ‘leading open banking and FX management providers’
Employees: Fewer than 10
Funding: A ‘substantial’ angel round in 2022
Elevator pitch: “Ayora is a next generation platform enabling companies to maximise their cash resources and minimise treasury risks. We provide easy-to-use tools to help achieve perfect cash visibility and define and monitor a treasury policy. Finance leaders and their teams can use our product to improve decision-making, streamline reporting workflows, and identify risk areas.”
Email: [email protected]
TMI view: A modern and lightweight cash management tool with a treasury and risk policy builder.
Verdict: Ayora should be of interest to companies that know they need better cash visibility but can’t extend to a full TMS/core system.