Vesto

Vesto sells treasury management software that consolidates a company's financial accounts into a single view. Customers connect their existing bank accounts and see a real-time group-wide cash position across accounts, legal entities, currencies and countries from one login, replacing manual cash positioning in spreadsheets and end-of-day bank reports. The product supports transaction-level drill-down with filters for legal entity, account, date, category and amount, automatic categorization and labeling of transactions, and one-click generation of customizable balance, cash-flow and transaction reports. A payments module, Vesto Payments, automates payments, approval workflows and currency exchanges. The company describes audit-friendly record keeping, custom access control and authorization, data encryption and SOC-2 compliant practices.

The company's earlier positioning, at its public launch in November 2022, was corporate cash management: helping startups avoid holding idle cash by investing it without changing banks, with no account minimums or lock-ins and advertised yields of up to 4.5%. Vesto was registered with the U.S. Securities and Exchange Commission as an investment adviser and built tailored portfolios of U.S. Treasuries, money market funds, corporate bonds and sometimes certificates of deposit, prioritizing safety, liquidity and then yield, with customers able to withdraw at any time. It worked through a technology partner acting as intermediary between Vesto and the custodian, BNY Mellon, while Vesto handled the client relationship, investment proposals and a reporting and control layer. Management framed treasury as a wedge into a broader financial stack, including FP&A-type use cases built on real-time visibility into liquid assets and runway.