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§ Private Profile · New York City, NY, USA
Vesto is a technology company.
Vesto develops a financial control center tailored for companies operating with multiple entities, providing a modern treasury management system. Its core offering is a unified dashboard that allows businesses to connect, control, and monitor all their financial accounts, specifically simplifying cash positioning by consolidating views across disparate banking relationships. This technological approach replaces manual data aggregation with an integrated digital solution.
The company was founded in 2022 by Benjamin Döpfner. Döpfner's insight stemmed from observing the pervasive inefficiency and complexity businesses faced when managing finances across numerous entities and bank accounts. He recognized a market need for an intuitive, modern platform that could circumvent the limitations of traditional, often cumbersome, treasury systems or the prevalent reliance on manual spreadsheet processes.
Vesto primarily serves a client base that includes multi-national corporations, real estate firms, holding companies, family offices, retail businesses, and rapidly scaling enterprises. The company's long-term vision is to revolutionize how finance teams manage their global financial infrastructure, providing a singular, comprehensive source of truth for financial data. This enables more agile decision-making and efficient oversight for complex business operations.
Vesto has raised $10.4M across 2 funding rounds.
Vesto has raised $10.4M in total across 2 funding rounds.
Vesto has raised $10.4M across 2 funding rounds. Most recently, it raised $7.4M Series A in November 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 25, 2025 | $7.4M Series A | — | Banque DES Territoires, Citizen Capital, Inco Ventures | Announced |
| Nov 1, 2022 | $3M Seed | Will Robbins | Browder Capital, DBA, Greylock, GSF Accelerator, Hack VC, ParaFi Capital, Pareto Holdings, Placeholder, Polygon Labs, Charlie Songhurst, Sahil Lavingia, Coalition, Susa Ventures, SV Angel | Announced |
Vesto is a modern treasury management platform designed for mid-market and multi-entity companies, enabling them to connect, control, and monitor all bank accounts, cash positions, and payments from a single dashboard.[1][3][4] It automates cash positioning, real-time reporting, global payments, approval workflows, and transaction-level visibility across entities, currencies, and countries, solving the chaos of manual spreadsheet tracking and fragmented banking logins that plague growing businesses.[3][4] Vesto targets companies with complex financial operations, such as real estate firms managing hundreds of accounts, offering quick implementation (minutes, not months), SOC-2 compliance, and robust security like custom access controls.[4] Growth momentum includes rapid adoption by multi-bank users saving hours on cash visibility, with a team blending fintech and startup experience, and the company founded in 2022 in New York.[1][3]
Vesto was founded in 2022 in New York by Philipp Döpfner, sparked by his frustration as an entrepreneur unable to access suitable corporate treasury services for smaller deposits (under €100 million).[1][3] Döpfner, drawing from personal experience with inefficient banking, created Vesto to help startups and mid-market firms "manage, protect, and extend their runway" beyond idle checking accounts, registering it as a U.S. SEC investment advisor with a high-touch, tailored approach akin to a business-focused robo-advisor like Betterment or Wealthfront.[1] Early traction built on addressing the gap left by outdated, expensive treasury systems, evolving into a unified financial control center for multi-entity operations amid rising global business complexity.[3]
(Note: Distinct from older blockchain/DeFi platforms using the Vesto name at vesto.io, which focused on crypto wallets and on-chain protocols.[2][5])
Vesto rides the wave of fintech modernization for scaling enterprises, where multi-entity growth across borders amplifies treasury fragmentation amid rising interest rates and cash optimization demands.[1][3] Timing aligns with post-2022 economic shifts pressuring mid-market firms (millions still on spreadsheets) to automate amid volatile markets, outpacing legacy systems costing hundreds of thousands.[3] Market forces like global expansion, regulatory compliance (e.g., SEC registration), and AI-assisted finance favor Vesto's real-time, secure platform, competing with players like Modern Treasury but differentiated by mid-market focus and ease.[1][4] It influences the ecosystem by empowering non-unicorn companies with enterprise tools, reducing barriers to sophisticated cash management and fostering efficient capital allocation in a high-growth startup environment.[1]
Vesto is poised to capture more mid-market treasury share as businesses prioritize automation amid economic uncertainty, potentially expanding into AI-driven forecasting and deeper integrations with ERP systems. Trends like rising cross-border operations and yield-seeking in volatile rates will amplify demand for its real-time control, while partnerships could accelerate global reach. Its influence may evolve from niche solver to standard for multi-entity finance, extending runways and enabling bolder growth—transforming treasury from a headache to a strategic edge, much like Döpfner's initial frustration birthed a streamlined future.[1][3][4]
Vesto has raised $10.4M in total across 2 funding rounds.
Vesto's investors include Banque des Territoires, Citizen Capital, INCO Ventures, Will Robbins, Browder Capital, DBA, Greylock, GSF Accelerator, Hack VC, ParaFi Capital, Pareto Holdings, Placeholder.