Software company CEO spreads risk with innovative approach to cash reserves

In conversation with Rafi, Co-Founder of Verna Earth Solutions

As the Co-Founder and CEO of a London-based software company, Rafi Cohen knew the risks of keeping business cash in just one place. But spreading funds across multiple accounts was time-consuming and paperwork-heavy.

Two years on, Rafi now manages the process simply through Flagstone – gaining peace of mind, efficiency, and greater control over his company’s reserves.

We sat down with him to learn what led him to Flagstone, and how the platform has helped strengthen his cash management strategy.

Tell us about you and your business.

My name is Rafi Cohen and I’m the Co-Founder and Co-CEO at Verna Earth Solutions. We’re a London-based company and have a team of around 20 people. Our software provides a solution for nature recovery by tackling biodiversity data challenges and helping move projects forward – all the way from plan to proof.

We work across the construction value chain, partnering with local planning authorities, developers, ecological consultants, infrastructure, businesses, as well as utilities such as water and energy companies. More recently, we're starting to work with larger corporates.

What matters most to you when managing your business’s  cash reserves?

For us, there are three key priorities when managing our cash reserves. In order of importance these are:

• security of funds
• access to liquidity
• yield 

While generating returns is a welcome bonus, the top priority is ensuring we don’t lose money. 

What do you like about using Flagstone?

We’ve been using Flagstone for nearly two years after it was recommended to us by one of our investors. The platform has been a real help, making it simple to open multiple bank accounts without having to go through the hassle and effort of paperwork.

Flagstone gives us transparency with interest rates, allowing us to move money between different bank accounts on the platform  whenever needed.

Previously, we were splitting our business cash across three or four accounts with well-known banks. This approach didn’t give us full FSCS protection across all our funds.

What factors do you consider when choosing your savings accounts?

It really comes back to the same priorities as before: security, liquidity, and returns. Generally speaking, when selecting banks, I focus on those with the highest Fitch ratings to ensure security.

Earning interest is a great upside, but only after our funds are secure with trustworthy banks under FCSC protection. A range of Instant Access and Fixed Rate savings accounts makes sure we have the cash when we need it.

The smarter way to spread your cash

When businesses like Rafi’s find ways to increase security, without sacrificing access to cash, the effects can be transformative.

Whatever you’re building, Flagstone can give you time back that’s better invested in your business’s strategic priorities. Let your cash earn high interest in secure accounts with over 40+ banks – more than any other business cash platform.

Use our portfolio builder to see how you can protect and grow your reserves with Flagstone.

BUILD PORTFOLIO