Nilus secures $10m funding to revolutionise AI-driven treasury management

January 17, 2025

Nilus, a proactive AI-powered treasury management platform, has raised $10m in its latest funding round.

The investment was led by Felicis and Vesey Ventures, with participation from Cerca Partners and existing backers, including Bessemer Venture Partners, Better Tomorrow Ventures, and BTV. This round brings Nilus’ total funding to $18.6m.

The company, co-founded by FinTech veterans Daniel Kalish, formerly of PayPal, and Danielle Shaul, previously with Fundbox, simplifies treasury operations for businesses ranging from mid-sized firms to publicly traded companies. Its platform is trusted by clients such as Alloy, Taboola, Made In Cookware, and Planned Parenthood, managing billions in cumulative cash.

Nilus aims to use the fresh capital to accelerate the development of its AI-powered platform.

The platform’s unique approach integrates treasury and cash workflows into a single tool, enabling collaboration across finance teams and delivering AI-powered insights. By replacing traditional treasury solutions like spreadsheets, Nilus offers finance leaders advanced tools to optimise liquidity, manage working capital, and mitigate financial risks.

In 2024, Nilus significantly expanded its platform, growing its customer base and introducing AI-driven tools to improve financial planning accuracy.

The company also appointed Matthew Harlan, former treasury leader at Toast and Samsara, as chief treasury officer to drive innovation and strengthen its industry presence.

Nilus CEO and co-founder Daniel Kalish said, “Nilus is building the next generation of treasury management. This funding allows us to accelerate our mission to free finance teams from operational headaches so they can focus on what truly matters— proactive decision-making.”

Victoria Treyger, general partner at Felicis, said, “Treasury management is a critical pain point for CFOs, with inefficiencies in reconciling payments and forecasting cash. Nilus unifies reconciliation, treasury management, and forecasting into one platform, delivering real-time insights. With strong customer demand and exceptional leadership, Nilus is positioned to become a key platform for the Office of the CFO.”