FX Hedging Platform MillTech Raises Funds to Develop AI Tools

MillTech, a currency hedging and cash management platform, secured $60 million in funding from Apax Digital Funds to accelerate development of AI-driven trading tools. The investment highlights growing demand for automation in the $9.5 trillion daily foreign-exchange market, where efficiency and risk management are critical for institutional traders. The deal, announced in April 2026, underscores the financial sector’s push to integrate AI into high-volume trading operations, reducing manual processes and improving execution speeds. MillTech’s platform specializes in FX hedging, a key service for corporations and asset managers navigating volatility in global currency markets. This funding round reflects broader industry trends, where fintech firms leveraging AI and data analytics attract significant capital to modernize legacy trading infrastructure.