Our story

a game-changing Cash & Treasury Platform, focused on automation and integration.

Cashforce is a Cash Forecasting & Working Capital Analytics platform, focused on automation and integration. As a ‘next-generation’ Cash management solution, Cashforce helps finance/treasury departments save time and money by offering accurate cash flow forecasting, flexible reporting & automation. Cashforce is headquartered in Antwerp, Belgium with an office in Ghent, Amsterdam, Copenhagen, London and New York City, serving global to a wide variety of industries.

So how did Cashforce come to be? Let’s share our story.

2012 • • • • • BIG DREAMS

Our story begins in 2012 when, Nicolas Christiaen & Bart Claes sank their teeth into a mutual project dealing with Working Capital management. Lead by a no-nonsense attitude and healthy dose of naivety, the first spark of insight was deployed working from Bart’s home when it quickly became clear there was a universal lack of good solutions on working capital management and cash forecasting. Countless espresso’s and many sleep-deprived nights later the lightbulb went off.

2013 – 2014 • • • • • GRAND IDEA

Ready to reinvent the world of treasury, we started with the idea of how to find clearance in a labyrinth of scattered data, exposing hidden patterns. With a crystal-clear focus on innovative progress and serving the market’s needs, our first proof of concept was implemented. We quickly realized every company is different, and so is their approach. Our freshly acquired start-up savvy, backed up by the US-based accelerator program Techstars, rapidly made us grow our ambitions even further.

2015 • • • • • RAPID GROWTH

We constructed the fundamental pillars of treasury into our different modules, fuelled by a relentless pursuit of growth. After our first capital injection, succeeded by new investments from Pamica/Michel Akkermans and Volta Ventures, our team of dedicated professionals broadened and our first real office was set up in Belgium. What began as a lightning bulb of ideas, was now about to burst, and with it we expanded even further.

2016  • • • • • AROUND THE GLOBE

To leverage our explosive digit growth rate in both revenue and employees, we opened up offices in Amsterdam, followed by New York, London and Copenhagen, setting out to take on the global market and expand our footprint. We established partnerships with an international allure and gained users all over the world using our platform to streamline their cash management processes. Treasury and its processes have room to improve and we firmly believe technology has a vital role to play in this.

2017 – Now  • • • • • THE DIGITAL REVOLUTION

Due to the explosion of the amount and speed of data we strongly believe in the digital revolution. To move things even further, we’re working to leverage the power of AI in our software. This enables our platform to find new correlations and trends from data, closing the gap between the achievable and the expectation. Meanwhile we broadened our ecosystem, from multiple partnerships with global banks and treasury consultants to bank connectivity and data partners, to grow faster and to aim even higher!

OUR MISSION

To reinvent the treasury landscape. We never felt bound by the gravitational pull of the ordinary. Instead, we take off for new frontiers by combining disruptive technologies with human and emotional intelligence. Additionally, by building bridges between departments, we strive to become a worldwide leading player in Working Capital Analytics & Cash Flow Forecasting, providing our clients with the right tools that pave the way towards a crystal-clear future.

BOARD MEMBERS

Michel Akkermans Executive Chairman & Investor Chairman & CEO at Pamica NV / EX-CEO Clear2Pay
Nicolas Christiaen CEO Cashforce
Frank Maene Board Director Managing Partner at Volta Ventures
Corne Jansen Board Director Partner at Inkef Capital
Luis Valdich Board Observer Managing Director at Citi Ventures
Marie-Caroline de Bignicourt Board Observer Head of Business Development, Cash Management TB EMEA at BNP Paribas