Nilus

Nilus develops a treasury management platform that connects a company's cash data — bank accounts, payment providers, billing systems and ERPs — and applies AI to automate treasury, accounts receivable and accounts payable work. The product is organized into eight modules: Cash & Liquidity, Payments, Accounting, FX, Debt, Investments, Bank Account Management, and Connectivity & Controls. Customers can buy individual modules and add others over time; each module ships with pre-built agents and, per the company, onboards in days.

Functionally, the Cash & Liquidity module provides live balances by account, entity and currency, a daily cash position grid that flags days below target, a 13-week forecast built from actual transactions that self-corrects against variance, plus sweeping, pooling, in-house banking and intercompany netting. Payments covers intercompany and supplier payments with configurable maker-checker approvals, fraud, sanctions and duplicate screening, and delivery over ACH, wire, SEPA and RTP. The Accounting module auto-categorizes bank transactions, reconciles bank-to-GL, parses remittance data from email, PDF and file attachments, and posts dual-sided journal entries to the ERP. FX tracks net currency exposure with hedge accounting and rate-shock sensitivity scenarios; Debt tracks facilities (committed, drawn, headroom, WACD), monitors covenants against the forward forecast and extracts terms from credit agreement PDFs; Investments deploys idle cash into money market funds and term deposits within policy limits; Bank Account Management maintains a system of record for accounts, signers and signature cards; Connectivity & Controls provides bank connectivity via SWIFT, host-to-host and API, bidirectional ERP and PSP integrations, and an immutable audit trail.

An agentic layer sits across the modules, with named agents such as Cash Position Tracker, Payment Anomaly Detector, Data Quality & Reconciliation, FX & Exposure Monitor, Treasury Policy Engine and Vendor Spend Analyzer. Users can describe a workflow and Nilus builds, schedules and runs it within configured guardrails, keeping a human in the loop for review and approval of reconciliation and ERP posting.

Founding story

Nilus was co-founded by Daniel Kalish and Danielle Shaul, described as fintech veterans. Kalish, the CEO, studied law as an undergraduate and spent five years at PayPal leading strategy and go-to-market for regions in Europe, Russia and Israel; the company says he saw clients struggling to stitch together data sources for cash management. Shaul, the CTO, has over a decade of engineering leadership and most recently led a team at Fundbox that built back-office tools for finance teams. The two partnered to build a platform that consolidates cash data and applies AI to surface insights for finance teams.

Business model

Nilus sells software to corporate finance organizations on a modular basis: each of the eight modules deploys separately with its own pre-built agents, and customers can buy the modules they need and add more as they grow. Go-to-market runs through a sales-led demo process (a "Proof Demo" run on the customer's real bank accounts, offered within 24 hours), with no code or IT work required from the customer per the company.

Traction

As of January 2025 Nilus said it manages billions in cumulative cash for clients ranging from midsize businesses to publicly traded companies, with customers including Alloy, Taboola, Made In Cookware and Planned Parenthood; the about page also names Resident. The accounting module page cites 2.4 million transactions categorized. Alloy's VP of Finance said Nilus automated dozens of hours of weekly manual processes, and StackAdapt's VP of Tax & Treasury cited savings of 6-8 hours per week.

Latest developments

In January 2025 Nilus announced an additional $10 million round led by Felicis and Vesey Ventures with participation from Cerca Partners and existing investors Bessemer Venture Partners, Better Tomorrow Ventures and BTV, bringing total funding to $18.6 million; proceeds were earmarked for platform development, AI-driven forecasting and cash management. The company has also appointed Matthew Harlan as Chief Treasury Officer and has since expanded the product into an eight-module platform with an agentic workflow layer covering treasury, AR and AP.