San Francisco-based Modern Treasury has announced a significant funding milestone, raising an impressive $85 million in its latest financing round. As a pioneering operating system for the new era of payments, Modern Treasury is committed to helping companies streamline their financial processes and elevate customer experiences. Since its inception in 2018, the company has already made substantial inroads with industry leaders such as ClassPass, Gusto, Marqeta, Procore, and Navan, positioning itself as a critical partner in the fast-evolving payments landscape. This substantial funding round, backed by renowned investors like Altimeter Capital, Benchmark, and Y Combinator, will catalyze the development of Modern Treasury's payment operations platform and enhance its suite of developer tools. As businesses across various sectors strive for efficiency and speed, Modern Treasury aims to facilitate faster payments, establish effective workflows, and ensure full data transparency—all essential in today’s competitive environment. The raised capital will primarily be used to expand the company's product offerings, scale operations, and enhance its customer support infrastructure, reflecting Modern Treasury's commitment to not just growth but also to fostering meaningful relationships with its users. By investing in its core capabilities, Modern Treasury remains dedicated to creating a sustainable ecosystem where companies can thrive, reinforcing its ambition of becoming one of the best companies globally while galvanizing the success of its clients. As part of this dedication, Modern Treasury will continue to embrace innovation, uphold its values of decency and integrity, and strive for excellence in every aspect of its operations.
Modern Treasury Secures $85 Million in Series C Funding to Fuel Future Innovations in Payment Operations
Recently funded · $85.0M Series cTechnology, Information and Internet
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