# Modern Treasury

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/modern-treasury

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.moderntreasury.com
- Total disclosed funding: $183M
- Latest round: Series C (Mar 30, 2022)
- Investors on record: 9

## About

Modern Treasury Corp. is a technology company that specializes in automating and managing payment operations for businesses, particularly within fintech and banking sectors, streamlining their financial processes through advanced API solutions.Founded in 2018 in San Francisco, US, Modern Treasury Corp. focuses on providing a comprehensive payments platform. The founders include Amanda Willoughby, Dimitri Dadiomov, Matt Marcus, and Sam A, with Amanda Willoughby and Dimitri Dadiomov currently serving as CEOs. In March 2022, the company raised USD 50 mn in Series C funding from investors including Artisanal Ventures, NewView Capital, Salesforce Ventures, and SVB Capital, bringing the total amount raised to USD 50 mn and achieving a current company valuation of USD 1,921.72 mn.Modern Treasury offers a comprehensive payments platform that facilitates automation and management of various payment operations. Its core product suite includes payment APIs that enable clients to connect seamlessly with multiple payment methods such as ACH, wire transfers, FedNow, RTP, and stablecoins. The platform is designed to streamline financial operations, providing features such as real-time transaction tracking, an integrated ledger for scalable transaction management, and an AI Agent to enhance operational efficiency. Modern Treasury primarily serves a diverse client base, including fintech companies, banks, and businesses requiring robust payment solutions.Modern Treasury generates revenue through a subscription-based model, where clients pay for access to its suite of payment APIs and related services. The transactions involve businesses integrating the platform to automate their money movement processes across multiple financial channels. This integration allows clients to manage real-time payments and track transactions efficiently, facilitating a seamless user experience. Pricing structures are based on the specific needs of clients, including partnerships with financial institutions and customized solutions for different business sizes.In March 2022, Modern Treasury Corp. raised USD 50 mn in Series C funding to expand its business and operations. The company plans to utilize this funding to enhance its product offerings and may explore entry into new geographic markets; however, specific regions or products have not been disclosed. The recent funding will support these growth initiatives, aiming to strengthen its position in the payments technology sector.

## Funding rounds

- Series C, Mar 30, 2022, $50M — SVB Capital, Salesforce Ventures, NewView Capital, Artisanal Ventures
- Series C, Oct 6, 2021, $85M — Benchmark, Altimeter Capital, Quiet Capital, Not Boring Capital
- Series B, Jan 12, 2021, $38M — Benchmark, Y Combinator, Altimeter Capital
- Series A, Dec 10, 2019, $10M — Benchmark

## Investors

- Benchmark (https://capitalatlas.ai/funds/benchmark) — Series A, Series B, Series C
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series B
- Altimeter Capital (https://capitalatlas.ai/funds/altimeter-capital) — Series B, Series C
- Quiet Capital (https://capitalatlas.ai/funds/quiet-capital) — Series C
- Not Boring Capital (https://capitalatlas.ai/funds/not-boring-capital) — Series C
- SVB Capital (https://capitalatlas.ai/funds/svb-capital) — Series C
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series C
- NewView Capital (https://capitalatlas.ai/funds/newview-capital) — Series C
- Artisanal Ventures (https://capitalatlas.ai/funds/artisanal-ventures) — Series C