The young Flemish startup has announced a €1 million Series A funding round led by Volta Ventures, marking the fund’s fourth investment of 2015. Pamica NV, the investment company of Michel Akkermans, former Chairman and CEO of financial technology company Clear2Pay, is co-investor.

Cashforce, an innovative cash management startup, is helping large capital intensive businesses save time and money by offering cash flow visibility pro-active cash saving insights.

The promising company will use the acquired capital to accelerate its product development and its commercial rollout in Europe. As part of its expansion plan, it will partner with banks, private equity firms financial consultants. During the summer of 2015, Cashforce was selected as one of the 11 global FinTech companies in the Barclays Accelerator in New York, proving also its potential for the US market.

During the summer of 2015, Cashforce was selected as one of the 11 global FinTech companies in the Barclays Accelerator in New York, proving also its potential for the US market.

By Gabriela Fernández Scala