About Modern Treasury
Modern Treasury is a company based in San Francisco (United States) founded in 2018 by Matt Marcus, Matthew Marcus, Dimitri Dadiomov, and Sam Aarons.. Modern Treasury has raised $183.15 million across 5 funding rounds from investors including SVB, Salesforce Ventures and Altimeter Capital. Modern Treasury has completed 1 acquisition, including Beam. Modern Treasury offers products and services including Payments Platform and Ledgers. Modern Treasury operates in a competitive market with competitors including Stripe, PayPal, Flutterwave, Square and Wright Express, among others.
- Headquarter San Francisco, United States
- Founders Matt Marcus, Matthew Marcus, Dimitri Dadiomov, Sam Aarons
- Stage Unicorn
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Sectors
Financial ServicesTechnology
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Phone
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Website
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Social
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- Legal Name Modern Treasury Corp.
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Products & Services of Modern Treasury
Modern Treasury offers a comprehensive portfolio of products and services, including Payments Platform and Ledgers. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates money movement across ACH, wires, and RTP for efficient operations.
Provides real-time visibility and verification of financial transactions for accuracy.
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Funding Insights of Modern Treasury
Modern Treasury has successfully raised a total of $183.15M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $50 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series C — $50.0M
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First Round
First Round
(01 Jun 2018)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2022 | Amount | Series C - Modern Treasury | Valuation | SVB , Salesforce Ventures |
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| Oct, 2021 | Amount | Series C - Modern Treasury | Valuation | Altimeter Capital | |
| Jan, 2021 | Amount | Series B - Modern Treasury | Valuation | Altimeter Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Modern Treasury
Modern Treasury has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include SVB, Salesforce Ventures and Altimeter Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage tech startups are funded by corporate-backed Salesforce Ventures.
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Founded Year | Domain | Location | |
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Long/short equity hedge fund and VC fim
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Founded Year | Domain | Location | |
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Investments are managed by Quiet Capital in New York.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Modern Treasury
Modern Treasury has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Beam. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Beam is recognized as a next-generation payments service provider.
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2022 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Modern Treasury
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Modern Treasury Comparisons
Competitors of Modern Treasury
Modern Treasury operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Stripe, PayPal, Flutterwave, Square and Wright Express, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment processing and card issuance solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Online payment solutions are offered to consumers and businesses.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
POS solutions are provided for retail businesses.
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| domain | founded_year | HQ Location |
Employee benefit administration and payment solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Modern Treasury
Frequently Asked Questions about Modern Treasury
When was Modern Treasury founded?
Modern Treasury was founded in 2018.
Where is Modern Treasury located?
Modern Treasury is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Modern Treasury?
Dimitri Dadiomov is the current CEO of Modern Treasury. They have also founded this company.
Is Modern Treasury a funded company?
Modern Treasury is a funded company, having raised a total of $183.15M across 5 funding rounds to date. The company's 1st funding round was a Series B of $38M, raised on Jun 01, 2018.
What does Modern Treasury do?
Modern Treasury was founded in 2018 in San Francisco, United States, within the fintech sector. A cloud-based platform is provided for businesses to handle online payments, including acceptance and disbursement. Real-time notifications are delivered through webhooks for events such as ACH returns or failures. Bank integrations, payment reconciliation, and financial data management are also supported to streamline operations.
Who are the top competitors of Modern Treasury?
Modern Treasury's top competitors include Stripe, PayU and Flutterwave.
What products or services does Modern Treasury offer?
Modern Treasury offers Payments Platform and Ledgers.
How many acquisitions has Modern Treasury made?
Modern Treasury has made 1 acquisition, including Beam.
Who are Modern Treasury's investors?
Modern Treasury has 6 investors. Key investors include SVB, Salesforce Ventures, Altimeter Capital, Quiet Capital, and Benchmark.
What is Modern Treasury's valuation?
The valuation of Modern Treasury is $2B as of Oct 2021.
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