Nilus Secures $10M Funding to Transform AI-Driven Treasury Management
Nilus, an innovative AI-powered treasury management platform, has successfully secured $10 million in its recent funding round. This investment, spearheaded by Felicis and Vesey Ventures, also saw contributions from Cerca Partners and existing investors such as Bessemer Venture Partners, Better Tomorrow Ventures, and BTV. With this round of funding, Nilus has raised a total of $18.6 million.
Transforming Treasury Operations with AI Technology
Co-founded by seasoned FinTech veterans Daniel Kalish, a former executive at PayPal, and Danielle Shaul, who previously worked with Fundbox, Nilus aims to streamline treasury operations for a diverse clientele, ranging from mid-sized enterprises to publicly traded corporations. The platform is already trusted by notable clients such as Alloy, Taboola, Made In Cookware, and Planned Parenthood, effectively managing billions in cumulative cash.
Utilizing Capital for Enhanced Platform Development
Nilus plans to utilize the newly acquired capital to expedite the advancement of its AI-driven platform. This unique solution integrates treasury and cash workflows into a singular tool, fostering collaboration among finance teams while delivering insightful, AI-powered analytics. By replacing traditional treasury methods, such as spreadsheets, Nilus offers finance leaders sophisticated tools to:
- Optimize liquidity
- Manage working capital
- Mitigate financial risks
Expansion and Leadership Changes
In 2024, Nilus significantly broadened its platform, expanding its customer base and introducing AI-driven functionalities to enhance financial planning accuracy. The company also appointed Matthew Harlan, former treasury leader at Toast and Samsara, as the new Chief Treasury Officer, to spearhead innovation and bolster its industry presence.
Vision for the Future
According to Daniel Kalish, CEO and co-founder of Nilus, “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.”
Adding to this momentum, Victoria Treyger, general partner at Felicis, emphasized, “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.”
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