MillTech Secures $60M Investment from Apax, Reaches $325M Valuation

Team S · 2026-04-14T15:00:47.000Z

London-based fintech platform MillTech has secured a $60 million investment from Apax Digital Funds, valuing the company at $325 million and marking a major milestone in its growth within the global treasury and FX risk management space. The investment comes from Apax Partners’ growth equity arm, with the firm also transitioning from an existing client of MillTech to a strategic investor. This reflects strong confidence in the company’s platform and its potential to scale globally. Founded in 2019, MillTech provides an integrated platform for institutional foreign exchange and treasury management, enabling fund managers and corporates to automate the entire FX lifecycle—from trade execution and hedging to reporting and transaction cost analysis. The platform connects users directly to multi-bank liquidity networks, offering improved pricing transparency and efficiency compared to traditional banking and brokerage models. By automating workflows and aggregating liquidity, MillTech aims to reduce costs and enhance execution quality in one of the world’s largest financial markets. MillTech has demonstrated strong growth momentum, reporting over 70% revenue growth in recent years and handling approximately $500 billion in annual trading volume, supporting client hedging programs worth more than $35 billion. The newly secured capital will be used to accelerate expansion into North America and further develop its AI-powered treasury and risk management capabilities. As currency volatility and global financial complexity increase, demand for automated and data-driven FX solutions is rising rapidly. With this investment, MillTech is positioning itself as a next-generation fintech infrastructure provider, combining automation, AI, and institutional-grade execution to transform how organizations manage foreign exchange and treasury operations.

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MillTech Secures $60M Investment from Apax, Reaches $325M Valuation | Newnex