# Cashforce N.V.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cashforce-n-v

- Industry: Software
- Headquarters: Herentals, Belgium
- Website: www.cashforce.com
- Total disclosed funding: $7.9M
- Latest round: Series A (Oct 29, 2019)
- Investors on record: 4

## About

Cashforce N.V. is a financial management software provider specializing in optimizing cash flow and enhancing financial visibility for businesses through advanced solutions tailored for finance teams in various industries.Founded in 2012, Cashforce N.V., headquartered in Herentals, Belgium, focuses on delivering software solutions that improve financial operations. The company was acquired by Treasury Intelligence Solutions GmbH on June 16, 2022, allowing for integration of its software into a broader platform. The founder, Nicolas Christiaen, has a history of entrepreneurship in the financial technology sector. Cashforce has completed a total of 4 deals, with its latest funding round being a Series A worth EUR 5.000 mn, bringing the total amount raised to EUR 5.000 mn with investors including Citi Ventures, Inkef, Pamica NV, and Volta Ventures.Cashforce specializes in providing advanced financial management solutions designed to optimize cash flow and enhance financial visibility for businesses. Their core product offerings focus on cash forecasting, liquidity management, and working capital optimization, enabling organizations to make informed financial decisions. The solutions are primarily utilized by finance teams in sectors such as manufacturing, retail, and logistics, which are critical for efficient cash management. Cashforce's products are deployed across various geographical markets, including North America and Europe. By integrating real-time data and analytics, Cashforce empowers its clients to effectively address cash management challenges, thereby enhancing operational efficiency and financial performance.In the most recent financial year, Cashforce reported revenue of EUR 2,442,932.80 and an EBITDA of -EUR 413,303.10 for 2022. The company generates revenue through a subscription-based model, engaging primarily in B2B transactions with organizations to provide specific cash management solutions. Their structured pricing plans ensure clients receive value proportional to their financial requirements, focusing on enhancing cash flow management capabilities through advanced features like cash forecasting and liquidity management.With the acquisition by Treasury Intelligence Solutions GmbH, Cashforce plans to enhance its software integration into a larger platform, potentially expanding its market reach. The recent funding will support the pursuit of new products aimed at improving financial management capabilities. Cashforce is focused on expanding its presence in new geographic markets, with specific targets for growth in Europe and North America by 2024, leveraging its technology to cater to a broader client base.

## Funding rounds

- Series A, Oct 29, 2019, $5.6M — Inkef, Citi Ventures, Pamica NV, Volta Ventures
- Series A, Dec 21, 2017, $1.2M — Pamica NV, Volta Ventures
- Series A, Jan 7, 2016, $1.1M — Pamica NV, Volta Ventures

## Investors

- Pamica NV — Series A
- Volta Ventures (https://capitalatlas.ai/funds/volta-ventures) — Series A
- Inkef (https://capitalatlas.ai/funds/inkef) — Series A
- Citi Ventures (https://capitalatlas.ai/funds/citi-ventures) — Series A