MillTech, a specialist in advanced FX and cash management solutions, has secured $60.0 million in a recent funding round. This significant investment will support the company's mission to increase market access, reduce costs, and automate manual workflows for its clients.
The London-headquartered firm provides an independent risk management and liquidity solution tailored for fund managers, institutions, and global corporates. Its platform is purpose-built to deliver best execution at scale through automation, integration, and connectivity. MillTech's end-to-end operational workflow enables automation, standardisation, and cost transparency across all FX transactions and cash movements, centralising client activities to enhance oversight and control without additional costs.
Offering quick onboarding routes, multi-bank best execution, and hedging management services are core to MillTech's solutions. The company serves clients across the United Kingdom, United States, Canada, Switzerland, Belgium, Denmark, Ireland, Luxembourg, Norway, and Liechtenstein. MillTech is authorised and regulated by the UK’s Financial Conduct Authority (FCA FRN 911636) and registered with the USA’s National Futures Association (NFA), underscoring its commitment to regulatory compliance and secure operations.
The newly raised capital is earmarked to accelerate MillTech's strategic growth initiatives and further enhance its technology platform. This investment is expected to bolster the company's capacity to innovate and expand its global footprint, reinforcing its position as a leading provider in the FX and cash management sector. MillTech plans to continue developing its advanced solutions to meet the evolving needs of its diverse client base.
