Hazeltree bags $14m for treasury & liquidity management tech

Hazeltree bags $14m for treasury and liquidity management tech

Hazeltree, a treasury and liquidity management technology platform for the alternative asset and investment management space, has secured $14m in strategic funding.

FinTech-focused venture capital firm FINTOP Capital served as the lead investor, with contributions also coming from Hamilton Lane.

With the funds, Hazeltree hopes to grow through customer success and support, scaling its commercial model and innovating across its product suite.

As part of the investment, FINTOP Capital co-founder and managing partner Rick Kushel has joined the Hazeltree board of directors.

Hazeltree claims to be a leader in treasury and liquidity management technology. Its cloud-based solutions offer enhanced transparency, liquidity, risk mitigation, streamlined operations and increased IRR by optimising counterparty interactions, credit facilities, margin requirements and fees.

The New York-headquartered company offers cash, transaction and reconciliation management tools, securities finance, collateral and margin services, and broker and data insights.

Speaking on the investment, Hazeltree executive chair Douglas Haynes said, “We are thrilled to have the support of such high-calibre investment partners as FINTOP and Hamilton Lane joining us as we bring Hazeltree into its next era of growth.

“Amid market volatility and economic uncertainty, this investment affirms Hazeltree’s powerful and resilient business model,” added Haynes. “We saw extensive interest from the investment community, but FINTOP’s operating expertise stood above all others.  We couldn’t be happier to be partnering with FINTOP and Hamilton Lane. Their respective reputations in the industry speak for themselves.”

Earlier in the year, Deutsche Bank partnered with FinTech company FinLync to provide corporations with real-time treasury access. FinLync’s pre-built API integrations and SAP-embedded treasury applications will enable corporate treasury and finance teams to connect to Deutsche Bank’s API offerings quickly and easily.

In other treasury management news, global payments and treasury management platform Vitesse PSP closed its Series B round on $26m.

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