TreasurySpring: Raises $10m for fixed-term fund platform
- TreasurySpring is a financial technology company that is unlocking multi-trillion dollar wholesale money markets
- Raised $10 million in a round led by MMC Ventures and Anthemis Group
- Existing investors, including ETFS Capital, joined the round which was launched in 2016 to enable holders of large cash balances to minimise risk
- Through a single online onboarding, clients can choose from more than 120 investment options on a daily basis
- The company says that in the current climate of ultra-low and negative interest rates, coupled with an uncertain credit outlook
- Having recently hired HSBC’s Oscar Coyle sales director, the new money will be used to bring in more people to sales
