Nilus Secures $10M in Funding for AI-driven Treasury Management
Deal News | Jan 16, 2025 | Felicis Ventures LLC
Nilus, a treasury management fintech headquartered in New York, has successfully raised $10 million in a funding round led by Felicis Ventures and Vesey Ventures. Co-founded by PayPal alumnus Daniel Kalish and former Fundbox software architect Danielle Shaul, Nilus aims to provide companies with a comprehensive overview of their financial status through the application of artificial intelligence. Currently raising awareness due to the repercussions of the Silicon Valley Bank crisis, Nilus capitalizes on the rising demand for effective cash management solutions. Their platform creates financial forecasts, assists in risk management, and provides guidance on cash handling strategies, such as recommending loans or optimizing cash yields. Nilus has raised a total of $18.6 million to date. As it expands its services, the fintech company also focuses on ensuring adherence to cash management policies and operational risk mitigation, often crucial considerations post-Silicon Valley Bank's downfall.
Sectors
- Fintech
- Treasury Management
- Artificial Intelligence
Geography
- United States – Nilus is based in New York, while the funding round was led by U.S.-based firms Felicis Ventures and Vesey Ventures.
Industry
- Fintech – The article discusses Nilus, a fintech startup focusing on treasury management and forecasting tools, powered by artificial intelligence.
- Treasury Management – Nilus provides treasury management solutions which are crucial for companies looking to optimize cash flow and financial risk, especially after recent banking crises.
- Artificial Intelligence – Nilus utilizes AI to analyze financial data and provide forecasting for cash management improvement, highlighting its role within the AI industry.
Financials
- $10 million – Funding amount raised by Nilus in the latest round led by Felicis Ventures and Vesey Ventures.
- $18.6 million – The total amount of funding that Nilus has raised to date.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nilus | Target Company | Company | A treasury management fintech startup using AI to provide cash management tools. |
| Felicis Ventures LLC | Leading Investor | Company | A venture capital firm that led the recent $10 million funding round for Nilus. |
| Vesey Ventures | Investor | Company | A venture firm that participated in Nilus's $10 million funding round. |
| Daniel Kalish | Co-Founder/CEO | Person | Co-founder and CEO of Nilus, a PayPal alum. |
| Danielle Shaul | Co-Founder/CTO | Person | Co-founder and CTO of Nilus, a former Fundbox software architect. |
| Matthew Harlan | Chief Treasury Officer | Person | Chief Treasury Officer at Nilus discussing company practices in treasury management. |