What is Modern Treasury?
Modern Treasury operates a sophisticated payment operations platform engineered to empower businesses in streamlining, automating, and efficiently managing their money movement. The company addresses the critical infrastructure challenges inherent in developing and maintaining robust payment systems. By offering a comprehensive suite of tools, Modern Treasury enables organizations to meticulously track payments, enhance workflow efficiency, and achieve complete visibility across all financial transactions. Its platform is specifically designed to cater to the demands of modern enterprises requiring fast, dependable, and scalable payment operations that can integrate seamlessly across diverse systems and financial networks.
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 Benchmark Capital, Altimeter Capital, and Y Combinator
Series C (2022): $135M supported by Altimeter Capital, Salesforce, Silicon Valley Bank, Benchmark Capital, and Quiet Capital
Key Investors in Modern Treasury
Benchmark
Benchmark is a venture capital firm known for its early-stage investments in technology companies, often focusing on disruptive innovations and strong founding teams.
Altimeter Capital
Altimeter Capital is an investment firm that partners with technology companies from early growth through public markets, managing concentrated, long-term portfolios and supporting founders with product and strategy.
Y Combinator
Y Combinator is a highly selective startup accelerator that provides seed funding and mentorship to early-stage companies, helping them scale and achieve product-market fit.
What's next for Modern Treasury?
The substantial enterprise-level funding secured by Modern Treasury positions the company for accelerated expansion and further innovation in the payment operations space. With a focus on enhancing its platform's capabilities and broadening its market reach, Modern Treasury is poised to solidify its leadership in providing essential financial infrastructure. Future strategic initiatives are likely to involve deepening integrations with financial institutions and expanding its service offerings to address evolving market needs, further cementing its role as a critical partner for businesses managing complex payment ecosystems.
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