Panax News
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At 19, Israeli Noam Mills was the top-ranked fencer in the world in her age group and was on the way to becoming an Olympic athlete. Her journey took a sharp turn at Harvard, where she realized her ambitions extended beyond sports. Now the co-founder of Panax, a startup building a cash flow management platform, Mills explains how elite competition shaped her as an entrepreneur, and why she doesn’t look back.
Noam Mills, a former top-ranked fencer and Olympic athlete, co-founded Panax, a fintech startup focused on automated cash flow management. Her experience in competitive sports has influenced her entrepreneurial journey, emphasizing resilience and strategic thinking. Panax, recognized as one of Calcalists Most Promising Startups for 2025, has raised $15 million across two funding rounds. The company addresses a significant gap in cash flow management for small and medium-sized enterprises, offering a cloud-based platform that integrates AI to enhance financial visibility and decision-making. Mills transition from fencing to entrepreneurship highlights her shift in motivation from fear of losing to a desire to win, applying her competitive drive to business success.
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Panax raises $10 million Series A for AI-powered cash flow management platform | CTech
Israeli startup Panax, which develops an AI-driven cash flow management platform, has raised $10 million in a Series A funding round led by Team8 and TLV Partners. The platform helps mid-market and large companies gain full visibility and control over their cash operations and optimize their liquidity. The company plans to use the funds to open a new office in New York this summer. Panaxs clients include Artlist, Elementor, Oddity, Lightricks, and others.
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