Treasury4, an enterprise software platform providing cutting-edge solutions for treasury and finance professionals, revealed today its successful $20m Series A funding round.
The funding round was spearheaded by WestCap and witnessed involvement from other prominent investors like Cowles Company, Fortson VC, Voyager Capital, Kick-Start Seed Fund, and W.T.B. Financial Corporation. Notable individuals including Jim DuBois, ex-CIO of Microsoft, and Chris Growney, co-founder of Clearwater Analytics, also participated.
The critical need for real-time and precise insights into treasury data for effective financial planning and risk management has become evident. This demand is especially prevalent in the Office of the CFO, which is transitioning from traditional cash record-keeping to a strategic role focused on optimising global enterprise liquidity.
Addressing this need, Treasury4 provides an extensive suite of interconnected, API-enabled software tools. These solutions offer a detailed perspective into corporate finance and treasury operations, unifying fragmented financial data across various internal systems.
With the new funding, Treasury4 plans to enhance Entity4, its award-winning solution dedicated to comprehensive legal entity management and broaden the range of bank data integrations for Cash4, its novel global cash management tool.
Other plans include to expedite the product roadmap and development of more advanced solutions, and cultivate robust strategic alliances across the industry, aiming to deliver a unified suite of treasury technology tools.
As Treasury4 continues its growth trajectory, WestCap will play a pivotal role as a design collaborator, capitalising on its profound understanding of the finance ecosystem’s intricacies. WestCap, under the guidance of Laurence A. Tosi, a seasoned entrepreneur, and former CFO at Airbnb and Blackstone, brings significant expertise to the table. WestCap’s Jeff Mullen and Sean Duncan are set to join the Treasury4 board, bringing their vast financial sector experience to the fore.
“Treasurers and CFOs are experiencing a transformation in their contribution and influence. They now have access to more data, enhanced by improved visualizations, with faster processing capabilities, and greater foresight,” said Steve Helmbrecht, CEO and President of Treasury4. “By using modern digital technologies, these leaders will gain deeper insight into the direction of the firm, more time to strategically plan and collaborate, and a greater ability to guide the organization.”
WestCap Partner Jeff Mullen noted, “In a sector that has often been resistant to innovation, Treasury4’s team is now trailblazing. They are transforming company financial operations by harnessing their profound technical acumen.”
Keep up with all the latest FinTech news here.
Copyright © 2023 FinTech Global
