Nilus, a NYC-based provider of a proactive AI-powered treasury management platform, raised $10M in funding.
The round, which brought the total amount to $18.6M, was led by Felicis and Vesey Ventures with participation from existing investor Bessemer Venture Partners.
The company intends to use the funds to accelerate the development of its platform, designed to enhance AI-driven forecasting, and streamline cash management for finance teams.
Founded by Daniel Kalish (ex PayPal) and Daniel Shaul (ex-fundbox), Nilus provides an AI-powered cash management platform designed to help fast-growing companies to get control of their cash by providing real-time visibility into cash flow, AI powered forecasting, and automated cash reconciliation. It helps companies manage dollars in cash and empowering finance leaders to achieve better results like optimizing liquidity, managing working capital, and planning for growth.
Its customer base includes Alloy, Taboola, Made In Cookware, and Planned Parenthood.
FinSMEs
17/01/2025