# MillTech

**Source:** https://www.startuphub.ai/startups/milltech
**Profile type:** Startup

> FX hedging and treasury management platform for fund managers and corporates automating currency risk.

## About

MillTech is a London-based fintech platform providing automated FX hedging and cash management solutions for fund managers and corporate treasurers. Founded in 2019 and drawing on 30+ years of currency management heritage from Millennium Global Investments, the platform manages hedging programmes exceeding €29 billion and supports ~€427 billion in annual trading volume. MillTech raised $60M from Apax Digital Funds for AI development and North American expansion.

## Key facts

- **Slug:** milltech
- **Website:** https://milltech.com
- **Location:** London, United Kingdom
- **Founded:** 2019
- **Employees:** 50
- **Operating status:** Active
- **Total funding:** $60M
- **Sectors / tags:** Fintech, Treasury Management, FX Hedging, Financial Software, Asset Management Tech, Risk Management, Enterprise Software, SaaS, Currency Risk
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/milltechfx

## Frequently asked

### What does MillTech do?

MillTech is a London-based fintech platform providing automated FX hedging and cash management solutions for fund managers and corporate treasurers. Founded in 2019 and drawing on 30+ years of currency management heritage from Millennium Global Investments, the platform manages hedging programmes exceeding €29 billion and supports ~€427 billion in annual trading volume. MillTech raised $60M from Apax Digital Funds for AI development and North American expansion.

### What is MillTech's revenue?

StartupHub estimates MillTech's annual revenue at $15.8M (range $12.2M to $18.2M, 63% confidence), based on comparable companies in the sector.

### What is MillTech's valuation?

StartupHub estimates MillTech's effective valuation at $344.6M (range $241.2M to $448.0M, 40% confidence), based on comparable companies in the sector.

### How much funding has MillTech raised?

MillTech has raised a total of $60M in funding. The most recent round on record is Growth.

### Where is MillTech headquartered?

MillTech is headquartered in London, United Kingdom.

### When was MillTech founded?

MillTech was founded in 2019.

### What industry does MillTech operate in?

MillTech operates in Fintech, Treasury Management, FX Hedging, Financial Software, Asset Management Tech, Risk Management.

### How many employees does MillTech have?

MillTech has approximately 50 people on record.

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