Treasury Prime, which builds APIs to help banks better integrate with new technology systems, has closed its Series A on $9m.
The round was led by QED Investors partner Amias Gerety, with additional contributions coming from angel investors Jason Lemkin and Hans Morris. With the close of the round, the FinTech has raised a total of $11.5m in equity, having previously closed a $2.5m seed round.
Treasury Prime is a banking API which helps banks to upgrade their back-end infrastructures and integrate with FinTech solutions. The platform’s automation technology reduces time and cost of onboarding new clients and helps banks access new clients.
By leveraging Treasury Prime, FinTechs can also improve their connectivity with the ability to digitally open and manage FDIC insured accounts at scale, complete sophisticated payments and interact with other systems, it claims.
QED Investors partner Amias Gerety said, “The partnerships Treasury Prime is enabling between cutting-edge technology companies and financial institutions will bring about a new wave of innovation and entrepreneurship, while also fostering the stability and regulatory compliance needed for long-term success.”
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