“Can a neutral treasury-open-banking API become the default rail between corporate bank accounts and ERP/accounting software?”
Koxa is a treasury open-banking API company founded in 2020 that sits between corporate bank accounts and enterprise ERPs/accounting software. Its wedge is bank-side: it sells to banks (e.g., PNC) who then extend embedded treasury services — balance/transaction retrieval, payments, and reconciliation — into their corporate clients' ERPs such as Workday. The company is small (~29 employees, seed-stage) and focused on being the pipes for corporate treasury open banking rather than a direct-to-corporate offering.