Antwerp-based fintech Cashforce has raised €5 million in a Series A funding round led by INKEF Capital and Citi Ventures.
Cashforce is a a cash forecasting and working capital analytics platform focused on automation and data integration. The platform helps finance and treasury departments save time and cash by offering accurate cash flow forecasting through ERP & TMS integration, advanced analytics and machine learning. Founded in 2012, the startup has offices in Amsterdam, New York, London and Copenhagen.
Existing investors Pamica NV, the investment company of Michel Akkermans, and Volta Ventures are co-investing and reinforcing their commitment to the company.
More here (EN).