Modern Treasury is a payment operations solutions that automates the full cycle of money movement—from payment initiation, through approvals, to reconciliation—all from one app and API.
Modern Treasury platform transforms the way teams move and track money, catalyzing growth in the economy's most important sectors, from real estate and healthcare to education and financial services.
Modern Treasury was founded in 2018 by Sam Aarons, Dimitri Dadiomov, and Matt Marcus. The company is headquartered in San Francisco, California.
Modern Treasury offers an API into the banking system, as well as software to support finance and treasury teams, so that each step of the process is automated.
Modern Treasury's enables companies to build and scale innovative products, manage payments via dashboard or API, and automatically reconcile cash across multiple bank accounts.
Modern Treasury customers now reconcile more than $2.8 billion per month using the platform. Customers include Gusto, TripActions, and Marqeta, who are also driving more than $300M in Real Time Payments, or RTP, over the on its platform per year.
Modern Treasury is backed by Benchmark, Altimeter Capital, SVB Capital, Salesforce Ventures, Quiet Capital, Y Combinator, and others. The company raised an additional $50M in Series C round on Mar 30, 2022. This is an extension of their previous $85M raised in Oct 2021, bringing the Series C total to $135M. The additional investment brings Modern Treasury's total funding to $183M to date. Modern Treasury was valued at over $2B from the 1st tranche of Series C raised in Oct 2021.