Treasury management solutions platform TreasuryXpress has closed a $5m growth investment.
Contributions to the round came from firms including MEVP, iSME Capital, and Azure Fund.
TreasuryXpress offers companies of all sizes the access to treasury management solutions. The company offers cash management visibility, liquidity management and working capital, client-choice deployment, bank connectivity, BAM, eBAMand self-service custom reporting.
The company has successfully automated the processes for more than 125 treasuries across the work, according to the company. At the moment the solution is used by more than 100 clients and has helped process around 7 billion payments.
This capital injection will help the company to leverage the increasing market needs for on-demand treasury measurement products. The company is also looking to increase its position in key markets, having seen two consecutive years of triple digit growth in the US and EMEA, according to the company.
TreasuryXpress CEO and founder Anis Rahal said, “By delivering solutions that change the way treasury teams can purchase, implement, and consume treasury and financial technology, we have successfully introduced a new model of TMS to the market that allows companies to automate and improve processes quickly and scalably.”
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