Vesto is a financial technology service that allows users to view and manage their cash position across multiple bank accounts in real-time. The platform offers features for transaction detail analysis, automated payments, and customizable reporting.

Vesto

Vesto | 918 followers on LinkedIn. The modern treasury management platform | Vesto is the first treasury management platform built to save you time and money. Enabling you to easily connect and view all of your company&#39;s financial accounts from one dashboard and automatically earn on your idle cash.

Head of Investment Products at Vesto

Palash Kusumwal

Founding Engineer at Vesto

Pranav Vachaspati

Founder/CEO at Vesto

Benjamin Döpfner

We launched "Auto-Categorization" at Vesto this week. It's a game-changer for finance teams looking to ditch manual transaction categorization. > With Auto-Categorization, you can now create powerful rules that automatically tag transactions using custom rules. > Create rules based on transaction descriptions, amounts, accounts, and more. > This eliminates time-consuming categorization workflows and gives real-time visibility into cash flow. Plus, with transactions auto-categorized, you can easily understand what's flowing in and out of the business, at all times. We're working on making this feature even more powerful: adding email alerts, marking for review, syncing with other systems, and more!

At Tiny, we manage over hundreds of bank accounts across 40 odd businesses. That's a lot of cash to keep track of. Our finance team used to spend hours every week logging into hundreds of accounts just to copy/paste balances into Excel. Manually. One misplaced decimal and boom - the entire cash picture is screwed. We looked into treasury management systems. Most cost $100K+, take forever to set up, and look like they were designed when dial-up was still a thing. Hard pass. Then we found Vesto . Vesto connects all our banks into one slick dashboard. Real-time cash position, automatic transaction categorization, and treasury management. Implementation? A few clicks. Cost? A fraction of the old-school solutions. It's so easy, it almost feels like cheating. For any company juggling multiple accounts - holdcos, real estate firms, PE shops - Vesto is a no-brainer. It's like hiring a financial wizard for pennies on the dollar. We're saving countless hours and headaches. And best of all, they even help us get yield on our cash, making it easy to move things between cash and treasury bills to ensure we're making yield on our cash balance. Juggling bank accounts and cash balances? I highly recommend checking out Vesto and talking to its founder Benjamin Döpfner . PS: We like it so much that we invested in the company.

Andrew Wilkinson

This week, we made it even easier for Vesto customers to always stay on top of their bank balances... With our latest feature [Alerts], you can easily set up minimum or maximum balance alerts on all your accounts, across banks. Simply set a balance threshold, and we'll always alert you whenever an account has met a threshold.

At Localyze , we've recently started using Vesto , and it's been incredibly helpful. We're very happy with the positive impact Vesto has had on our operations and highly recommend it to finance teams looking to streamline their cash management processes 🚀 #finance #financetools #cash

Sevinj Aliyeva

We recently helped Localyze get a real-time view of its cash position across 6 global entities and 18 banks. Here’s how: As a global business, supporting over 10,000+ employee relocations, Localyze is spread across many entities and financial accounts – this leads to a lack of visibility into their cash position and cash flow... To solve this, Localyze's team manually logged into all of their financial accounts once per week – pulling data from dozens of systems and compiling balances into an Excel spreadsheet to get a view of their cash. Not only did this take several hours (!) to put together, but this also delayed the team’s decision-making ability. Localyze needed a way to see their cash balances and transactions in real-time but didn’t want to waste hours doing this manually or spend months implementing a legacy treasury management system. After getting connected to us, Vesto’s cash positioning product turned out to be a perfect fit. Using our cash positioning product, Localyze’s finance team was able to get a real-time view of their cash position, without needing to log in to a single underlying account. Since implementing Vesto, Localyze has been able to free up their team’s time to focus on strategic tasks, while getting an accurate and instant view of their cash globally. In Yolanda Diez 's words: “Before implementing Vesto, we had to manually aggregate data from multiple banks and systems into a single master spreadsheet. Vesto has been immensely useful by giving us a clear and real-time view of all our entities.” Check out the full case study here: https://lnkd.in/ePEBXisD

Here's how one of the fastest-growing fintech startups extended its runway in less than 30 minutes of set-up time, and how you can too 👇 → Mercantile is one of the fastest-growing fintech startups and was one of Vesto 's first customers. → Mercantile has raised over $22M in capital from Index Ventures, First Round Capital, General Catalyst, and other top-tier VC's. → With Vesto, Mercantile was able to significantly extend their runway by investing idle cash into US Treasury Bills and Money Market Funds; all in less than 30 mins of set up time for them. In the words of Mercantile's CEO: “As a founder, I want to know that my cash is safe, working for me, and extending my runway—and I want to get set up with a customized solution as fast as possible. Vesto does exactly that" Check out the full case study below 👇 https://lnkd.in/e4yWxz8X

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Vercel

Head of Investment Products

Founding Engineer

Benjamin Doepfner

CEO and Founder

East Coast Seed Stage Companies With Fewer Than 50 Employees (Top 10K)

United States Companies With Fewer Than 1000 Employees (Top 10K)

United States Seed Stage Companies (Top 10K)

East Coast Seed Stage Companies With Fewer Than 10 Employees

Vesto is a treasury management platform enabling startups to put their idle cash to work. Vesto creates an investment strategy based on the client's finances, liquidity horizons, goals, and risk profile. Users can earn an annual return on their idle cash, extend their runway, and automate treasury management with Vesto.

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