- Modern Treasury, a payment operations software provider announced a $38 million Series B funding round led by Altimeter Capital
- Company passes $1 billion in reconciled payments as organizations modernize cumbersome finance processes
- The funding occurs amid explosive growth for Modern Treasury’s payment operations and treasury management solutions
- Annually more than $18.5 trillion of business-to-business payments transacted in the U.S. via wires, checks, and ACH payments
- Modern Treasury automates each step of the process. Its software replaces decades-old legacy systems
- Modern Treasury at the forefront of modernizing B2B payments, a huge fast-growing, and largely untapped market
