Nilus

High-Level Overview

Nilus is a New York-based technology company founded in 2021 that builds an AI-powered treasury management platform for finance teams.[2][5] It connects cash data from banks, payment systems, billing, and ERPs to provide real-time visibility, automate accounting and reconciliation, and deliver AI-driven cash flow forecasting, solving the problem of limited cash visibility that hinders decision-making.[1][4][5] Serving corporate finance, accounting, and treasury teams—such as those at Yotpo—Nilus automates manual workflows like receivables matching, bank reconciliation, and cash positioning, saving hours and optimizing liquidity.[1][4] The company has raised $18.6M in funding, including a $10M round, employs around 50 people, and generates approximately $10.5M in revenue, positioning it as a challenger in financial close automation alongside firms like BlackLine and FloQast.[2][5]

Origin Story

Nilus emerged from the recognition that cash, the "lifeblood of a business," is often a mystery due to fragmented data and manual processes.[1] Founded in 2021 in New York, the company set out to simplify this by building a unified platform that aggregates cash data sources and layers on AI for analysis and insights, born from a mission to empower finance teams with actionable intelligence rather than spreadsheets.[1][2] Key early traction includes testimonials from users like Yotpo, where Nilus automated cash applications, reconciliations, and ERP journal entries, replacing hundreds of manual hours.[4] With $18.6M in total funding across two rounds, including a recent $10M raise, Nilus has scaled to 50 employees while maintaining a focus on treasury optimization.[5]

Core Differentiators

• Unified Cash Visibility: Aggregates real-time balances across banks, currencies, and entities in one dashboard, eliminating silos from disparate systems like banks, ERPs, and billing.[1][4]
• AI-Powered Automation: Automates receivables matching, order-to-cash reconciliation, transaction tagging, and bank reconciliations, reducing DSO and errors while learning patterns for precise cash movements.[1][4]
• Advanced Forecasting: Generates cash flow reports and forecasts in seconds, spotting anomalies and enabling proactive decisions without manual crunching.[1][4]
• Intuitive Experience: Emphasizes simplicity, trust, and transparency in design, with users reporting daily reliance for outperforming spreadsheets in planning and liquidity management.[1][4]
• Proven Impact: Handles complex workflows for growing firms, as evidenced by customer wins in optimizing working capital and treasury processes.[4]

Role in the Broader Tech Landscape

Nilus rides the wave of AI-driven financial automation, particularly in treasury management and financial close processes, amid rising demands for real-time liquidity insights in volatile markets.[1][2] Timing aligns with post-2021 growth in fintech, where SMEs and enterprises seek tools to counter economic uncertainty through better cash forecasting and reconciliation—markets projected to expand via automation platforms.[2] Favorable forces include multi-bank connectivity needs and AI adoption in finance, positioning Nilus against competitors like Ledge and Serrala by focusing on end-to-end cash optimization rather than payments alone.[2] It influences the ecosystem by accelerating financial closes, enabling faster decisions, and integrating with ERPs, contributing to broader efficiency in corporate finance.[2][4]

Quick Take & Future Outlook

Nilus is poised to expand as AI treasury tools become table stakes for finance teams, potentially targeting larger enterprises and international markets with multi-currency support.[1][4] Trends like embedded finance and predictive analytics will shape its path, with opportunities in deepening ERP integrations and anomaly detection amid economic flux.[2] Its influence may grow through partnerships and further funding, evolving from challenger to leader in liquidity mastery—unlocking cash as the true currency of business agility, just as its mission promised.[1][5]