MillTech

For companies operating in multiple currencies, foreign exchange risk is not an abstract problem: it is a real cost that erodes margins, complicates financial planning, and requires specialist expertise that most mid-sized businesses do not have internally. An Italian company selling in dollars, sterling, and Nordic currencies must manage multiple currency exposures, decide when to hedge, optimize cash investments, and coordinate liquidity positions across accounts in different currencies. Professional tools to do this exist, but have historically been designed for banks and large corporates. MillTech, a London fintech, makes them accessible to mid-market companies. The MillTech platform covers three interconnected areas: FX risk management, treasury management, and cash investments. On the FX side, companies can monitor their currency exposures, execute hedging strategies, and access derivative instruments typically reserved for institutional clients. On the treasury side, the platform provides centralized visibility over liquidity and supports cash flow planning in multiple currencies. For cash investments, MillTech helps companies optimize returns on liquidity reserves through structured solutions. The target market is companies with international operations generating significant FX exposures but without the resources or scale to access the currency desks of large investment banks. This segment — mid-market businesses with revenues between ten and five hundred million euros — has historically been underserved: traditional banks offer FX services but with limited pricing transparency, while retail platforms lack the depth needed for corporate requirements. MillTech positions itself in between, offering the sophistication of institutional tools with the ease of use and accessibility of a modern digital platform. For CFOs and treasurers at mid-market companies, this means access to risk management capabilities that until recently were available only to large corporations.