Cashforce provides a cash forecasting and working capital analytics platform focused on automation and data integration. The platform integrates with ERP and TMS systems and uses advanced analytics and machine learning to deliver accurate cash‑flow forecasting. Positioned as a next‑generation treasury solution, it helps finance and treasury departments save time and cash. Clients include Pearson and Staples. The company operates offices in Amsterdam, Ghent, New York, London and Copenhagen, with Zurich and Singapore planned to follow. Led by Executive Chairman Michel Akkermans and CEO Nicolas Christiaen, Cashforce intends to use recent funding to accelerate global growth and expand into new markets. Cashforce provides a smart cash flow management and forecasting platform that connects with any ERP system for large, capital‑intensive, multinational, multi‑bank, multi‑currency, multi‑ERP enterprises (typically with revenues between €100 million and €10 billion). The platform is used by CFOs and finance departments to gain cash visibility and pro-active cash saving insights. Led by CEO Nicolas Christiaen, the company has offices in Herentals (Antwerp East), Belgium, and New York City, and serves customers such as Hyundai and Portucel. Cashforce raised €1m in a Series A funding round led by Volta Ventures with participation from Pamica NV. As part of the round, Volta Ventures and Michel Akkermans joined Cashforce’s board. The company is using the funds to accelerate product development and to drive its commercial rollout in Europe, partnering with banks, private equity firms and financial consultants.

Total raised

$7M

Funding rounds

2

Latest round

Series A

Latest activity

Oct 2019