Modern Treasury is the software that assists companies in undertaking payment operations. The company automates the process of transferring money with payment initiation through approvals. Modern Treasury offers its services to companies that work in the financial, healthcare, education, and real estate sectors.
The recent investment round was led by Altimeter Capital. Among other investors have already participated investors – Benchmark and Quiet Capital. At the beginning of the year, Modern Treasury was valued at approximately $300 million, while now this number is much bigger. “The new capital will help it grow as quickly as clients are willing to sign up,” Ram Woo, an Altimeter Capital partner said.
Modern Treasury was founded in 2018 by Dimitri Dadiomov, Matthew Marcus, Sam Aarons. The headquarter is located in San Francisco. The main aim of the company is to reform the way the transactions are usually undertaken. Decrease the time required for clearing and tracking the payment, make the process more transparent and confident.