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“We believe that we’ll have the capacity to use cash management as the basis for what we simply call the CFO suite, and supply other resources to CFOs and treasurers,” Beyet claimed.
It’s also worth noting that Agicap’s most important clients are CFOs and fiscal departments. And when groups answerable for cash like a product they’re not gonna unsubscribe anytime shortly.
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At the time, the organization reached a valuation of €415 million (or all over $450 million at present-day Trade premiums). The worth on the small business has considering the fact that inflated “significantly”, for each Agicap, however it isn’t disclosing by just how much.
Proof of this lies inside of a modern study Agicap did with 500 European CFOs of midmarket companies. When asked in regards to the tool of decision to manage and forecast their cash positions, 80% of them answered Excel.
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Agicap’s relative success will come right down to a narrow focus on treasury administration application — it isn’t looking to do every little thing at the same time like most fintech startups.
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