TOCA$H S.R.L.

Corporate treasury management is one of the most technical and least digitalized financial processes in European SMEs and mid-market companies. Managing the cash position, optimizing liquidity, and covering foreign exchange and interest rate risks in a timely manner requires specialized expertise and tools that firms often lack internally. TOCA$H S.R.L., a Turin-based startup operating at the intersection of fintech and artificial intelligence, has built an AI treasury engine designed to automate these processes and make them accessible even to companies without a dedicated treasury team. The core product is a system that resolves the treasury position — optimally determining how to distribute available liquidity across instruments and maturities — and automates its operational execution. At the heart of the platform are risk management optimization algorithms, calibrated to each client's specific treasury policy: not generic solutions but engines parameterized to the needs and constraints of the individual company. The value proposition is twofold: on one side, a reduction in manual work and operational errors typical of processes still managed with spreadsheets; on the other, the ability to make treasury decisions that are more informed, faster, and better aligned with the company's financial strategy. The target is companies with significant treasury management needs that are not large enough to justify implementing traditional enterprise TMS systems — a very large segment that remains largely underserved in Italy and across Europe.