What is Modern Treasury?
Modern Treasury operates as a sophisticated payment operations platform designed to automate and streamline the movement of money for businesses. In an era where financial agility is a competitive necessity, the company provides the essential plumbing that allows organizations to manage complex payment workflows across diverse financial rails. By offering comprehensive visibility into financial transactions and improving operational efficiency, Modern Treasury addresses the systemic challenges inherent in legacy banking infrastructure. Its platform serves as a vital bridge between traditional financial institutions and the digital-first requirements of contemporary enterprises, enabling seamless integration and real-time tracking of capital flows.
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 Altimeter Capital, Y Combinator, and Benchmark Capital
Series C (2022): $135M supported by Quiet Capital, Salesforce, Benchmark Capital, Altimeter Capital, and Silicon Valley Bank
Key Investors in Modern Treasury
Benchmark Capital
Benchmark Capital is a premier venture capital firm known for its early-stage investments in transformative technology companies, providing strategic guidance and long-term partnership.
Altimeter Capital
Altimeter Capital is an investment firm that partners with technology companies from early growth through public markets, focusing on durable value creation.
Quiet Capital
Quiet Capital is a founder-led venture capital firm that backs ambitious technology entrepreneurs, combining deep operating experience with patient capital.
What's next for Modern Treasury?
With the infusion of recent capital, Modern Treasury is well-positioned to accelerate its product roadmap and expand its market footprint. The strategic focus will likely center on deepening its integration capabilities with global banking partners and enhancing its suite of automated reconciliation tools. As the firm matures, it is expected to prioritize the development of scalable, enterprise-grade features that cater to the increasing complexity of global treasury management. By leveraging its strong backing from institutional investors, the company is poised to further solidify its role as the standard-bearer for automated payment operations, potentially exploring new geographic markets and vertical-specific financial solutions to maintain its growth momentum.
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