What is Modern Treasury?
Modern Treasury develops comprehensive payments operations software designed to automate the entire money movement cycle. Their platform, accessible via a unified app and API, manages everything from payment initiation and approval workflows to intricate reconciliation processes. Founded in 2018 and based in San Francisco, CA, the company addresses a critical need for streamlined financial operations in an increasingly complex digital economy. Their solutions empower businesses to gain greater control and efficiency over their cash flow, facilitating seamless transactions and accurate financial reporting.
How much funding has Modern Treasury raised?
Modern Treasury has raised a total of $183M across 3 funding rounds:
Series A
$10M
Series B
$38M
Series C
$135M
Series A (2019): $10M with participation from Benchmark
Series B (2021): $38M led by Y Combinator, Benchmark Capital, and Altimeter Capital
Series C (2022): $135M supported by Altimeter Capital, Salesforce, Silicon Valley Bank, Benchmark Capital, and Quiet Capital
Key Investors in Modern Treasury
Altimeter Capital
Altimeter Capital is an investment firm that partners with technology companies from early growth through public markets. It manages concentrated, long term portfolios and works closely with founders and teams to support product, strategy and durable value creation.
Salesforce
Salesforce, founded in 1999 and headquartered in San Francisco, is a global leader in customer relationship management (CRM) software, providing a comprehensive suite of cloud-based solutions for sales, service, marketing, and e-commerce.
Silicon Valley Bank
SVB Financial Group offers commercial and private banking, asset management, private wealth management, brokerage & investment services, funds management, and business valuation services, founded in 1983.
What's next for Modern Treasury?
With substantial backing and a clear strategic investment, Modern Treasury is poised for accelerated growth and product innovation. The company's focus on automating the full cycle of money movement positions it as a key player in the fintech landscape. Future developments are likely to center on expanding platform capabilities, enhancing integration with existing financial systems, and potentially exploring new market segments. The recent major funding suggests a strategic push towards scaling operations, increasing market share, and solidifying its competitive advantage in the payments infrastructure space.
See full Modern Treasury company page
