About MillTechFX
MillTechFX is a company based in London (United Kingdom) founded in 2019.. MillTechFX has raised $30 million across 1 funding round from investors including VCM Global Asset Management. MillTechFX offers products and services including Best Execution, Multi-bank Marketplace, Outsourced Execution Services, and Margin-free Hedging. MillTechFX operates in a competitive market with competitors including FXCubic, Blue Capital Trading and Alburys Financials Ltd, among others.
- Headquarter London, United Kingdom
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Sectors
Financial ServicesTechnology
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Millennium Global Treasury Services Limited
- Date of Incorporation 28 Jan, 2019
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$30 M (USD)
in 1 rounds
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Latest Funding Round
$30 M (USD), Series B
Jun 29, 2021
- Investors
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Employee Count
Employee Count
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Products & Services of MillTechFX
MillTechFX offers a comprehensive portfolio of products and services, including Best Execution, Multi-bank Marketplace, Outsourced Execution Services, and Margin-free Hedging. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service to achieve best available FX rates from banks
Platform for accessing preferential FX rates and transactions
End-to-end FX process management for clients
Hedging solutions to reduce cash-drag on FX forwards
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Funding Insights of MillTechFX
MillTechFX has successfully raised a total of $30M through 1 strategic funding round. The most recent funding activity was a Series B round of $30 million completed in June 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $30.0M
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First Round
First Round
(29 Jun 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series B - MillTechFX | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in MillTechFX
MillTechFX has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include VCM Global Asset Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Alternative investments are managed by VCM Global Asset Management.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MillTechFX
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - MillTechFX
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Milltechfx Comparisons
Competitors of MillTechFX
MillTechFX operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as FXCubic, Blue Capital Trading and Alburys Financials Ltd, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
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| domain | founded_year | HQ Location |
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Offers algorithmic trading software, coaching, and custom development for professional traders.
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Provides alternative trading solutions for individuals and businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Milltechfx
Frequently Asked Questions about MillTechFX
When was MillTechFX founded?
MillTechFX was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is MillTechFX located?
MillTechFX is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of MillTechFX?
Eric Huttman is the current CEO of MillTechFX.
Is MillTechFX a funded company?
MillTechFX is a funded company, having raised a total of $30M across 1 funding round to date. The company's 1st funding round was a Series B of $30M, raised on Jun 29, 2021.
What does MillTechFX do?
Provider of outsourced multi-bank FX execution and hedging services. It offers access to a marketplace of multiple counterparty banks, enabling clients to achieve best execution. The service includes end-to-end transaction management, automated settlement, trade reporting, and margin-free hedging solutions. Third-party transaction cost analysis is also provided for complete transparency. The platform streamlines operational workflows and is designed for ease of use and cybersecurity.
Who are the top competitors of MillTechFX?
MillTechFX's top competitors include FXCubic, Blue Capital Trading and Alburys Financials Ltd.
What products or services does MillTechFX offer?
MillTechFX offers Best Execution, Multi-bank Marketplace, Outsourced Execution Services, and Margin-free Hedging.
Who are MillTechFX's investors?
MillTechFX has 1 investor. Key investors include VCM Global Asset Management.
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