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Friday 11 June 2021

TreasurySpring successfully boosts its own cash position

TSUK fintech, TreasurySpring, has secured new investment worth more than $10m in support of its planned market push. The Series A funding was provided by MMC Ventures and Anthemis Group and supported by existing investor ETFS Capital.

Launched in 2019, TreasurySpring has developed technology aimed at treasury managers within financial institutions and large corporates. The startup’s Fixed-Term Fund (FTF) platform provides users with straightforward access a variety of specialist cash investment vehicles including government treasury bills and investment grade corporate bonds.

Whilst vendor activity in the treasury space has increased significantly in recent years (see: Finastra highlights the changing face of treasury) this is still a discipline in which the application of technology has the potential to help end-user organisations to automate, reduce risk and maximise returns. TreasurySpring intends to use the latest funding to expand its fledgling operations and promote its offering amongst its target audience. To date, the company has raised over $15m since 2017.

Posted by: Jon C Davies at 09:33

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