Treasury Prime, a San Francisco, CA-based embedded banking software platform, $40M in Series C funding.
The round was led by BAM Elevate with investment from The Banc Funds Company and Invicta with continued participation from Series B investors Deciens, QED and SaaStr.
The company intends to use the funds for multi-bank network and market presence expansion, launch of its marketplace solution, as well as development of new products and services including lending options and an integrated partner marketplace solution.
Led by CEO Chris Dean, Treasury Prime provides an embedded banking software platform that enables banks and enterprise partners to innovate, adapt, grow and scale to stay competitive in a rapidly changing marketplace. The company helps enterprises with a range of complex services including money transfer, risk mitigation and access to a chartered bank’s infrastructure. Treasury Prime works with banks to extend their boundaries, helping to grow revenue and lower the cost of deposits.
The network currently encompasses 16 banks.
FinSMEs
01/02/2023