Tuesday, March 2, 2021

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Modern Treasury: Raises $38 million

  • 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

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