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February 22, 2022

Koxa Announces New Investment to Provide Complete Treasury Open Banking

NEW YORKFeb. 22, 2022 /PRNewswire/ — Koxa Corp today announced a significant growth investment. The NY-based fintech company provides an open banking enablement platform that is massively improving the treasury banking market.

Crosslink Capital led the investment, with participation from Clocktower Technology Ventures, Fin Capital, Basecamp Fund, This is Water, existing angel investors, and others. Koxa will use the investment to fund the company’s continued rapid growth, including hiring critical new team members, building additional ERP integrations, and developing category-first product extensions.

Camellia George and Conner Mulvee founded Koxa in 2020 to fix the broken treasury banking system. Camellia explained, “Accounting teams are sick of manual processes, constantly uploading and downloading flat files to and from their bank portal, and setting up expensive, brittle, one-off FTP connections.” Camellia adds, “They consistently tell us that they want to pay vendors and reconcile bank data with the click of a button inside their ERP – so that’s what we built. Koxa is an all-API, all in-ERP solution. No bank portal. No file upload. No FTP. Just Koxa’s secure simplicity.” Read rest here