Cashforce - About the company
Cashforce is an acqui-hired company based in Herentals (Belgium), founded in 2012. It operates as a Cash management & forecasting platform. Cashforce has raised $11.3M in funding from investors like Volta Ventures, Inkef and Citi Ventures. The company has 181 active competitors, including 26 funded and 13 that have exited. Its top competitors include companies like Centage, XLerant and Board.
Company Details
Cashforce enables CFOs of medium-sized global companies to generate a detailed & accurate cash forecast. It integrates with existing ERP systems and generate forecasting models for incoming and outgoing cash flows by combining imported bank balances, real-time data from your ERP, as well as recurring cash flows (e.g. leasing costs, insurance costs, loans, salaries) managed inside the platform. Its platform accelerates the cash flow improvement by processing data from banking systems & ERP systems (SAP, NAV, Dynamics, Sage etc.) as well as managing recurring cash flows (e.g. salaries, loans, leasings). CFOs at international mid-size companies and large corporates, can obtain full transparency in their cash flows (cross-entity, cross-bank account, cross-currency)
- Website
- cashforce.com
- Registered Address
- UNITED STATES
Key Metrics
Founded Year
2012
Location
Herentals, Belgium
Stage
Acqui-Hired
Total Funding
$11.3M in 4 rounds
Latest Funding Round
Investors
Ranked
14th among 181 active competitors
Annual Revenue
€1M - €10M as on Dec 31, 2018
Employee Count
10 - 49 as on Mar 01, 2026
Similar Companies
Legal entities associated with Cashforce
Cashforce is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
Administratiekantoor Cashforce CIN: 0735.478.645 , Belgium, Active | Oct 01, 2019 | - | - | - |
CASHFORCE, INC. CIN: 3536014 , United States, Active | Dec 31, 2011 | - | 29 (As on Dec 31, 2020) | - |
Cashforce NV CIN: 0504.930.926 , Belgium, Active | Feb 07, 2013 | €1M - €10M (As on Dec 31, 2018) | 29 (As on Dec 31, 2020) | - |
Sign up to download Cashforce's company profile
Cashforce's funding and investors
Cashforce has raised a total funding of $11.3M over 4 rounds. Its first funding round was on Jun 2015. Its latest funding round was a Series A round on Oct 15, 2019 for $*****. 4 investors participated in its latest round. Cashforce has 5 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Cashforce:
Filter this list
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 15, 2019 | 9247486 | Series A | 3836795 | 6020452 | 5700582 | 6443824 |
Feb 08, 2018 | 5927163 | Series A | 1618759 | 9437204 | 9711803 | 5956754 |
Jan 13, 2016 | 8623249 | Series A | 7907681 | 5347273 | 9961654 |
View details of Cashforce's funding rounds and investors
Cashforce's founders and board of directors
Founder? Claim ProfileCashforce's employee count trend
Cashforce has 10 - 49 employees as of Mar 26. Here is Cashforce's employee count trend over the years:
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
Cashforce's Competitors and alternates
Top competitors of Cashforce include Centage, XLerant and Board. Here is the list of Top 10 competitors of Cashforce, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Centage 2002, Natick (United States), Acquired | Financial planning software for people-powered organizations, budgeting, forecasting, and reporting | $24.3M | 59/100 | |
2nd | XLerant 2008, Stamford (United States), Acquired | Provider of cloud-based budgeting, forecasting and reporting solutions. | $8.24M | 58/100 | |
3rd | Board 1994, Chiasso (Switzerland), Acquired | Cloud-based financial planning and analysis and budgeting solutions for enterprises | $23.8M | 57/100 | |
4th | Clockwork 2018, Chicago (United States), Seed | AI & cloud-based cash flow management solutions for small businesses | $2M | 52/100 | |
5th | Online budget management software | $16.6M | 47/100 | ||
6th | SmartProperty 2016, San Diego (United States), Seed | Provider of capital planning solutions for businesses | $150K | 46/100 | |
7th | App-based budget management solutions for self-employed and micro-entrepreneurs | - | - | 46/100 | |
8th | FUTRLI 2014, Brighton (United Kingdom), Acquired | Cloud-based cash flow forecasting and budgeting solution for businesses | $7.28M | 45/100 | |
9th | Figured 2014, Auckland (New Zealand), Seed | Cloud-based software for farm planning and accounting management | $2.5M | 45/100 | |
10th | Martus Solutions 2007, Greenville (United States), Unfunded | Cloud-based budgeting software for businesses | - | - | 45/100 |
14th | Cash management & forecasting platform | $11.3M | 41/100 |
Looking for more details on Cashforce's competitors? Click here to see the top ones
Cashforce's Investments and acquisitions
Cashforce has made no investments or acquisitions yet.
Reports related to Cashforce
Here is the latest report on Cashforce's sector:
News related to Cashforce
•
Enterprise Payment Leader TIS Acquires Forecasting Innovator CashforceGlobeNewswire•Jun 16, 2022•TIS, Cashforce
•
•
Best-of-Breed Providers Cashforce and TIS Form Alliance to Help Companies with an End-to-End Cash and Payments SolutionBusiness Wire•Jul 16, 2020•Cashforce, Treasury Intelligence Solutions
•
Citi Ventures invests in cash flow forecasting outfit CashforceFinextra•Oct 15, 2019•Citi, Cashforce, Inkef Capital, Citi Ventures and 3 others
•
KBC Corporate Banking signs cooperation agreement with two Belgian fintechsFinextra•Jan 14, 2019•KBC Bank & Verzekering, Cashforce, Bright Analytics
•
•
Cashforce seals EUR2 million Series A funding for international roll outFinextra•Feb 08, 2018•Cashforce, Volta Ventures, Michel Akkermans
•
Cashforce raises € 1 million from Volta Ventures & Michel Akkermans (ex-Clear2Pay)Cashforce•Jan 14, 2016•Cashforce, Volta Ventures, Pamica, Traefik and 3 others
•
Meet the Barclays Accelerator Powered by Techstars Class of 2015 - TechstarsTechstars•Jul 15, 2015•Cashforce, Techstars, Alloy, Wayerz and 4 others
•
Cashforce raised EUR 1 million in Series A funding from Volta VenturesHolland FinTech•Cashforce, Volta Ventures, Pamica
Are you a Founder ?
FAQs about Cashforce
Explore our recently published companies
- EUCNC - Incheon based, 2019 founded, Seed company
- HONEYGOLD OF NAMPA - Funding Raised company
- M.A. Hillman - United States based, Unfunded company
- UTAH TECH UNIVERSITY - Funding Raised company
- Compta In Touch - France based, 2015 founded, Unfunded company
- Opera FM - Fermo based, 2005 founded, Public company