Skill Hunter is a French tech recruitment firm. They place engineers, developers, and data professionals on permanent and freelance contracts, serving clients from early-stage startups to large corporates.
Each month, Skill Hunter manages its cash position around its activity cycle. Between certain receipts and upcoming operating costs, a portion of funds can remain available in the short term. Byzantine helps optimise this temporarily idle treasury while keeping funds quickly accessible.
For a long time, part of Skill Hunter’s treasury sat idle in a bank account generating no return. Pierrick and his co-founder knew this was a missed opportunity, but every available solution involved a trade-off that was hard to accept.
“ We had short-term cash sitting in our bank account with no return, even though it had to stay readily accessible. We were looking for a solution that could generate an attractive return without sacrificing liquidity or adding operational complexity we didn’t want to manage.”
Pierrick Vela, Co-founder, Skill Hunter
Products offering attractive yield often imposed lock-up periods, which were hard to reconcile with a business that needs strong visibility and flexibility over its cash. Conversely, fully liquid solutions paid very little. More remunerative alternatives generally introduced too much volatility, complexity, or monitoring burden for a small team to absorb.
Skill Hunter’s business is recruiting and placing talent, not actively optimising treasury day-to-day. The right solution had to fit seamlessly into existing workflows, without changing processes or creating extra work. For lack of an option meeting all these criteria, this cash long remained inactive.
Byzantine addressed the criteria Skill Hunter considered non-negotiable: preserving rapid access to funds, achieving a net return above a standard bank account, and avoiding any additional operational complexity.
The insurance framework was central to the decision. For the team, capital protection and simplicity of the setup came first. The yield level confirmed the appeal of the solution, an attractive return relative to traditional banking alternatives, without weighing down day-to-day management.
“ The insurance framework was a determining factor for us. Then there was the yield, which remained attractive without requiring any particular management effort on our part. It was a very coherent trade-off relative to our needs.”
Pierrick Vela, Co-founder, Skill Hunter
Onboarding was quick. The process was smooth, and the team was able to make its first transfer within a matter of days.
“ Onboarding was simple and well supported. Within a few days, everything was ready and we could start using the solution.”
Pierrick Vela, Co-founder, Skill Hunter
Skill Hunter uses Byzantine as a short-term treasury optimisation tool. When a portion of funds is not needed immediately for upcoming operating costs, it can be placed on the platform to generate a return, while remaining quickly accessible.
When a cash need approaches, funds are withdrawn and become available within minutes. The setup is simple: no particular daily management, no complex allocation decisions, and no changes to existing operations.
If the cash is parked, it earns a return.
The monthly accounting export integrates directly into the existing accounting workflow, with no additional burden for the team or their accountant.
Skill Hunter now generates yield on cash that previously earned nothing. Funds remain accessible, reporting is handled automatically, and the business runs exactly as before.
“ We found a simple way to optimise part of our treasury without complicating our management. Funds remain quickly accessible, and it integrates naturally into how we operate.”
Pierrick Vela, Co-founder, Skill Hunter
Skill Hunter did not need to overhaul its financial setup or add a specific management layer. The company simply found a way to optimise part of its short-term available cash while retaining the flexibility its business requires.
For businesses operating with regular collection and payment cycles, the challenge is often the same: a portion of cash must remain available, but is not always deployed immediately. Byzantine makes it possible to better utilise that window without complicating operations.
