Company Research Report: CHERRY NET Inc.

Company Overview

• Name: CHERRY NET Inc.

• Mission: To streamline payment processes by integrating accounting software with bank platforms, eliminating manual processes, and enhancing automation for businesses.

• Founded: 2018

• Founders:

• Moshe Teitelbaum: Co-Founder

• Zelig Rosenthal: Co-Founder and CEO

• Key People:

• Zelig Rosenthal: Co-Founder and CEO

• Joel Hollender: Chief Operating Officer

• Headquarters: 1 Dock 72 Way, Floor 8, Brooklyn, NY 11205, United States

• Number of Employees: 11-50

• Revenue: No information is available.

• Industry: Fintech, Accounting

• Specialties: Payments, Bookkeeping, Reconciliation, Automation, Security, Accounting

• What is the Company Known For: CHERRY NET Inc. is known for automating payments and syncing transaction-related data directly from accounting software to recipient bank accounts.

Products

• Product Name: CHERRY B2B Payment Processing Solution

• Description: CHERRY offers a seamless interface between accounting software applications and bank payment platforms. It automates payments, reduces duplicate data entry, and streamlines transaction approval within existing accounting workflows.

• Key Features:

• Direct integration with accounting applications (e.g., QuickBooks)

• Automation of bank reconciliation

• Digital/Virtual Checks (vCheck™)

• Multi-Factor Authentication

• Enhanced Transaction Metadata

• Automated Positive Pay

• Payee Name Verification

• BEC & Takeover Security

Recent Developments

• Recent Developments:

• CHERRY has announced plans for further automation in bookkeeping through easy-to-use plugins within accounting applications, ensuring processes remain within the accounting platform without requiring external logins.

• New Products Launched: No information is available.

• New Features Added to Existing Products: No information is available.

• New Partnerships: Financial Institutions and Accounting Agencies are partnering with CHERRY to enhance user experience and streamline payment processing.

Additional Information

• Recent Funding: CHERRY completed a seed funding round on December 8, 2022, raising US$ 4.0M from NFX.

• Contact Information:

• Website: [cherrynet.com](https://cherrynet.com)

• Email: info@cherrynet.com

• Phone: (212) 765-4400

This report provides an overview of CHERRY NET Inc. based on available data, focusing on key aspects such as company details, products, and recent developments. Some fields were marked as "No information is available" due to the absence of specific details within the current data set.