MillTech raises $60m from Apax Digital at a $325m valuation to expand automated FX treasury tools.
Apax Digital Funds led the minority investment, which will fund North American expansion and product development.
≈ £44.6M at $1 = £0.7432 on 10 Apr 2026
MillTech is a London-based fintech company that automates currency management workflows for institutional clients. It provides agency execution and software to help businesses mitigate foreign exchange risk.
MillTech has secured $60m in a minority investment from Apax Digital Funds, valuing the business at $325m. The transaction marks the company's largest funding round to date.
The capital will be directed towards expanding the firm's footprint in North America and accelerating the development of its artificial intelligence treasury products.
Founded in London, the fintech platform automates foreign exchange operations from trade calculation to transaction cost analysis. It operates as an agent to connect clients with competitive pricing across multiple banking partners.
Use of funds
- 01Expand into international markets
- 02Fund research and development