# Treasury Prime

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.treasuryprime.com
- Total disclosed funding: $66M
- Latest round: Series C (Sep 2, 2022)
- Investors on record: 8

## About

Treasury Prime Inc. is a US-based embedded banking platform that streamlines banking services for fintech applications, offering modern APIs for financial institutions to enhance their operations.Founded in 2017 in San Francisco, CA, Treasury Prime Inc. specializes in embedded banking solutions, enabling financial institutions to modernize their services efficiently. The company has completed four deals, with the most recent funding round occurring on September 2, 2022, in which they raised USD 34 mn in Series C funding led by BAM Elevate. Treasury Prime was co-founded by Chris Dean and Jim Brusstar, with Chris Dean currently serving as CEO.Treasury Prime offers a comprehensive embedded banking platform that includes its core product, the Bank OS. This platform allows financial institutions to integrate banking services with fintech applications through modern APIs, enhancing customer experiences. Treasury Prime also features a Partner Marketplace that connects banks and credit unions to a variety of third-party banking services, facilitating market expansion and innovative financial solutions for its clients.Treasury Prime generates revenue primarily through partnerships with banks and fintech companies that utilize its embedded banking solutions. The company operates on a subscription-based model, allowing clients access to its suite of products, including the Bank OS and services from its Partner Marketplace. Revenue also includes transaction fees for banking activities processed through its platform, which helps financial institutions enhance account management and compliance efforts.In September 2022, Treasury Prime Inc. raised USD 34 mn in Series C funding to support the expansion of its multi-bank network, the launch of marketplace solutions, and to broaden its market presence. The company is focused on increasing its offerings and client base by targeting global markets, aiming to introduce new products that enhance banking integration in the near future.

## Funding rounds

- Series C, Sep 2, 2022, $34M — 1st & Main Growth Partners, QED Investors, Deciens, SaaStr Fund, Verdure Capital Management, BAM Elevate
- Series B, May 11, 2021, $20M — QED Investors, Deciens, Susa Ventures, SaaStr Fund
- Series A, May 5, 2020, $9M — Y Combinator
- Seed, Jan 4, 2018, $2.5M — Y Combinator, Deciens, Susa Ventures

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A
- Deciens (https://capitalatlas.ai/funds/deciens) — Seed, Series B, Series C
- Susa Ventures (https://capitalatlas.ai/funds/susa-ventures) — Seed, Series B
- QED Investors (https://capitalatlas.ai/funds/qed-investors) — Series B, Series C
- SaaStr Fund — Series B, Series C
- 1st & Main Growth Partners (https://capitalatlas.ai/funds/1st-main-growth-partners) — Series C
- Verdure Capital Management — Series C
- BAM Elevate (https://capitalatlas.ai/funds/bam-elevate) — Series C