Nilus Raises $10M, Reaching $18M in Funding to Lead the Future of AI-Powered Treasury Management

Nilus, the first proactive AI-powered treasury management platform, has raised an additional $10M in a funding round led by Felicis and Vesey Ventures with participation from existing investor Bessemer Venture Partners, bringing its total funding to $18.6M. This latest investment will accelerate the development of Nilus’ cutting-edge platform, designed to simplify treasury operations, enhance AI-driven forecasting, and streamline cash management for finance teams.

Founded by fintech veterans Daniel Kalish (ex PayPal) and Daniel Shaul (ex-fundbox), Nilus manages billions in cumulative cash for clients ranging from midsize businesses to publicly traded companies. Its growing customer base includes Alloy, Taboola, Made In Cookware, and Planned Parenthood.

“Nilus is building the next generation of treasury management,” said Daniel Kalish, CEO and co-founder of Nilus. “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.”  Nilus is helping to bring the AI revolution to the finance function and unlock a new layer of cash control. With Nilus, finance leaders can now answer strategic questions like: “Am I on track to meet my financial guidance?”, “Can we better manage working capital?”, and “How can we effectively plan for FX fluctuations?”

In 2025, accurate cash flow forecasting has become essential for businesses navigating growth and transformation. With economic uncertainty, rising inflation, and increasing pressure on profitability, accurate cash flow forecasting is more critical than ever to ensure liquidity and guide smart financial decisions.

As companies grow and enter new markets, finance teams face fragmented systems and siloed data, making it hard to make timely, informed decisions. Without real time visibility and control of your cash, managing working capital, optimizing debt, and ensuring liquidity for operational activity becomes a challenge. Traditional solutions like spreadsheets and outdated treasury software no longer meet these evolving needs.

Nilus is disrupting the treasury management space with three key innovations: first, by delivering value across the organization through seamless integration of treasury and cash reconciliation workflows. This means organizations will realize greater value by having one tool to collaborate on for treasury, accounting, and FP&A. Second, its rapid deployment and Excel-like functionality ensure ease of use, allowing teams to get up and running quickly. Lastly, Nilus sets itself apart with embedded AI in reconciliation and forecasting, helping teams avoid risk, and better predict future cash flows and liquidity needs with greater accuracy.

This built-in intelligence not only speeds up processes but also provides CFOs and finance teams with deeper insights, enabling them to make more informed decisions and proactively manage financial risks.

Hai Kim, VP of Finance at Alloy, shared, “Nilus automated dozens of hours of weekly manual processes and revolutionized our treasury planning. It outperforms our old spreadsheet workflows, giving me daily insights into our cash position and strategic performance.”

In 2024, Nilus made significant strides in expanding its platform, significantly growing its customer base and optimize cash utilization across their businesses. The platform also introduced AI-powered forecasting, giving finance leaders the tools to improve the accuracy of bottom-up cash planning and make more strategic, data-driven decisions.To further its mission, Nilus has appointed Matthew Harlan as Chief Treasury Officer, who previously led treasury at companies like Toast and Samsara, Harlan brings hands-on experience to drive innovation and strengthen connections within the treasury community.

Victoria Treyger, General Partner at Felicis, added, “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.”

With this strategic funding, Nilus is poised to redefine treasury management, offering finance leaders the tools to manage cash proactively, optimize liquidity, and drive growth. To learn more about Nilus and its AI-powered treasury management platform, visit Nilus’ website.

Credit: K Enagonio