MillTech Raises $60 Million for Expansion
MillTech, a company specializing in automated foreign exchange (FX) treasury solutions, has successfully raised $60 million in a growth funding round. The round was led by Apax Digital Funds, a prominent investor in technology-driven businesses. The funding was announced on April 10, 2026, and positions the London-based company for significant expansion.
Strategic Goals and Use of Funds
The substantial injection of capital will likely enable MillTech to enhance its product offerings and expand its market reach. While specific plans for the funds have not been detailed, such capital raises in the fintech sector are often used for scaling operations, improving technology platforms, and expanding into new geographical markets.
Leadership and Vision
Eric Huttman, the CEO of MillTech, has been at the forefront of steering the company towards innovative solutions in the FX treasury space. Under his leadership, MillTech has gained traction for its automated and efficient approach to managing foreign exchange risks and treasury functions for businesses.
Investor Confidence
The involvement of Apax Digital Funds as the lead investor underscores the confidence in MillTech’s business model and growth potential. Apax Digital Funds is known for investing in companies with strong technological foundations and high growth trajectories. Their support is a testament to MillTech's promise in the competitive fintech landscape.
Conclusion
With the new funding secured, MillTech is well-positioned to further develop its automated FX treasury solutions and capture a larger share of the market. As the company continues to innovate and expand, it will be interesting to see how it leverages this new capital to enhance its technological capabilities and global presence.