European treasury and cash-management platforms
7 verified European providers, ranked European-origin first (5 EU/EEA-origin). Cash forecasting, liquidity and multi-bank connectivity - European TMS/cash platforms (Agicap, Nomentia, TIS, Embat) vs US incumbents. Compare by EEA data residency, licence and regulator - each verified at source.
7 verified providers
Last source verification in this list: 2026-07-13. How we verify →
Agicap (Lyon, France) - cash-flow management and forecasting for SMEs and mid-market: liquidity planning, receivables follow-up and payments. French SaaS (unlicensed software).
Cobase (Amsterdam, Netherlands) - multi-bank connectivity platform (SWIFT, H2H, EBICS, API) with modular treasury features; incubated within ING Bank. NB: now part of Corpay (US) - ownership flag.
Embat (Madrid, Spain) - real-time treasury management: API-first bank connectivity, AI-powered reconciliation and cash forecasting; USD 16m Series A (2024). Spanish SaaS (unlicensed software).
Nomentia (Helsinki, Finland) - modular treasury and cash management for mid-market European firms with 2,500+ bank connections (cash forecasting, payments, bank connectivity). Finnish SaaS (unlicensed software).
TIS - Treasury Intelligence Solutions (Walldorf, Germany) - enterprise payments and bank-connectivity platform (not a classic TMS), processing ~USD 2.7tn annually across 140+ countries. German SaaS (unlicensed software).
Vitesse (London, UK) - treasury and payment infrastructure for the insurance industry: claim-fund management and instant claim payouts over a global network spanning 200+ countries and currencies (USD 10bn+ processed); USD 93m Series C led by KKR (May 2024). FCA-regulated; EEA rail via Vitesse PSP B.V. (Netherlands PI).
Kyriba (San Diego, US; founded in Paris 2000, French roots) - enterprise treasury and liquidity management SaaS, one of the global TMS leaders. Contrast / US-HQ with EU heritage.
FAQ
What does a treasury management system do?
Cash visibility across banks, forecasting, liquidity and payment centralisation - multi-bank connectivity is the core. Fintechnologica lists 7 verified platforms (5 European-origin).
European TMS vs US incumbents?
European platforms (Agicap, Nomentia, TIS, Embat) are SEPA-native, EEA-hosted and priced for European mid-market; US incumbents bring scale but US jurisdiction. For CLOUD-Act-sensitive treasuries the hosting question is decisive.