Overview
Cashforce is a cash forecasting and working capital analytics platform founded in 2012 in Antwerp, Belgium by Nicolas Christiaen (CEO) and Bart Claes. The company was acquired by Treasury Intelligence Solutions (TIS) in June 2022, having previously participated in Techstars NYC 2015 and raised ~€5M Series A from INKEF Capital and Citi Ventures.
Highlights
- Belgian fintech origins: Antwerp founding, European working capital expertise
- TIS acquisition: June 2022 deal combining cash forecasting with payment solutions
- Techstars and Citi Ventures backing: Accelerator and corporate VC validation
- “Next-generation” cash forecasting: Transaction-level drill-down capabilities
- AI simulation engine: Scenario analysis for working capital optimization
- CFO/Treasury bridge: Connecting finance, AR/AP, and treasury functions
- Notable customers: TomTom, Greenyard, Hyundai, Kellogg
- Use cases: Cash forecasting, working capital analytics, scenario planning, treasury visibility
Founded
2012 in Antwerp, Belgium. Founded by Nicolas Christiaen (CEO) and Bart Claes.
Headquarters
Antwerp, Belgium.
Ownership and funding
Acquired by Treasury Intelligence Solutions (TIS) (June 2022). Earlier: Techstars NYC 2015, ~€5M Series A from INKEF Capital and Citi Ventures.
Core technology
“Next-generation” cash forecasting and working-capital analytics. Transaction-level drill-down. AI-based simulation engine for scenario analysis.
Market position
Mid-size to large enterprises; CFOs/Treasurers in 140+ countries.
Product philosophy
Bridge gap between CFO, finance, AR/AP, and treasury, working capital analytics as a strategic lever.
Notable customers
TomTom, Greenyard, Hyundai, Kellogg.