back Back

TreasurySpring secures $10 million in Series A funding round

By Megha Bhattacharya

June 11, 2021

  • America
  • Treasuryspring
Share

TreasurySpring, the London-based FinTech that operates the world’s first Fixed-Term Fund platform announced the closing of its latest capital raise, securing more than $10 million of new investment in a round that was co-led by MMC Ventures and Anthemis Group, with participation from existing investors, including ETFS Capital. The company has now raised more than $15 million since its first external capital injection in November 2017.

Kevin Cook, Co-founder and CEO said, “Following a break-out 12 months in which we increased AUM by 10x, we wanted to bring in the best possible investment partners to support our ambitious growth plans. We have long admired both Anthemis Group and MMC, so I am delighted that they co-led the round and we are excited to work with Sean, Ollie and their respective teams, as we move into the next phase of our journey to redefine cash investment and front-office treasury.”

TreasurySpring’s FTF platform enables all holders of large cash balances to minimise risk and maximise returns, providing simple, digital access to a diverse menu of proprietary cash investments. Through a single online onboarding, clients can already choose from 120+ investment options on a daily basis, offering them unique exposure to asset classes that have historically only been available to major financial institutions.

Yann Ranchere, Partner at Anthemis Group said, “With its ambitious and mission-driven team, TreaurySpring is opening the traditional money market industry to a whole new pool of participants. As investors, we believe that the platform’s fund products will supply investors with new and more versatile methods of diversification.”

While Oliver Richards, Partner at MMC Ventures added, “Having worked with the team at TreasurySpring for the last two years, we have absolute confidence in their ability to deliver on their unique vision to level the playing field in cash investing and short-term funding, through a platform that not only brings value to its clients and issuers but also enhances the diversification and systemic stability of the money markets as a whole.”

Previous Article

June 11, 2021

Mambu and Grameen America extend partnership for five years

Read More
Next Article

June 11, 2021

UNObank obtains digital bank license in the Philippines

Read More










IBSi Daily News Analysis

February 03, 2023

America

Quick and easy payments are becoming increasingly crucial for iGaming

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 03, 2023

Egyptian FinTech MNT-Halan becomes unicorn with $400m fresh funding

Read More

February 02, 2023

Digital bank Zopa raises £75m to accelerate growth

Read More

February 02, 2023

Hnry secures $35m in Series B fundraise

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q4 2022

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q4 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q4 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q4 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022