Tonkean acquired Cinch, an AI-powered finance and logistics intelligence startup that helps enterprise finance and procurement teams automatically capture, organize, and analyze freight and invoice data in real time.
“The ripest part of any business for disruption by AI is G&A,” says Tonkean co-founder and CEO Sagi Eliyahu. “This has long been Tonkean’s strong suit. We view acquiring Cinch, folding their expertise in finance and logistics intelligence into our broader orchestration capabilities, and joining their talented team with ours as a way to double down on areas where we’re growing quickly and where we’re already leading. We couldn’t be more excited.”
“Tonkean is the undisputed leader of the orchestration space,” says Ohad Azgad, Cinch’s co-founder and CEO. “We’ve long felt that what they’re making possible with end-to-end agentic orchestration is going to define the future of work in enterprise G&A. Tonkean provides a huge unlock for what we’ve been building at Cinch, and we’re excited to see what combining the two makes possible for enterprise finance and procurement teams.”
Key takeaways:
· As part of the acquisition, Ohad Azgad, Cinch’s CEO and co-founder, will be joining Tonkean as its new general manager for FinanceWorks, Tonkean’s agentic orchestration solution for enterprise finance teams.
· The acquisition brings new capabilities for invoice processing, vendor analytics, and spend intelligence.
· Cinch’s finance and logistics intelligence offering will supplement Tonkean’s process and agentic orchestration with real-time AI-powered invoice triage; centralized vendor analysis with 100% visibility; and dashboards for all shipping insights.
· Cinch is based out of Israel, with a major presence in Germany.
