MillTech

London-based risk management platform MillTech has successfully secured a £44.8 million (approx. £45 million) minority growth equity investment from Apax Digital Funds. The deal values the 2019-founded fintech at $325 million.

Summary of transaction details:

• Value: £44.8 million (Valuation: $325 million)
• Sector: FinTech / FX Risk Management / Treasury SaaS
• Advisor: Not disclosed
• Key Entities: Target: MillTech; Lead Investor: Apax Digital Funds; Key Executive: Eric Huttman (CEO)
• Location: London, UK

Note: MillTech provides an institutional-grade platform that automates foreign exchange (FX) hedging and cash investments for fund managers and corporates. The company is scaling incredibly rapidly, reporting 73% revenue growth in 2025 and processing approximately $500 billion in annual trading volume. Notably, the lead investor, Apax, is also a client utilizing the platform for its own fund operations. The capital injection will fuel MillTech's aggressive North American expansion and further product development, including its AI-enabled risk advisory solution, "Co-Pilot," and its cash management tools developed in collaboration with BlackRock's CacheMatrix.