Treasury Prime secures $9 million in Series A funding
US-based API platform company, Treasury Prime has secured $9 million in a series A funding round. The funding round was led by QED, SaaStr and NYCA Partners. The company had secured $2.5 million in a seed round and this brings to total funding of $11.5 million to date.
“We’re tremendously happy with our growth so far, and this latest round of investment serves as a testament both to that success and our confidence in the future. We’re thrilled to help banks grow and add more deposits with a new customer base, and to help growing technology companies find homes at institutions that suit their unique needs,” said Chris Dean, CEO of Treasury Prime.
Treasury Prime builds API suite integration which directly integrates with core banking processes and systems. By this integration, the company says that banks can reduce time and cost for onboarding new clients and also offer secure digital banking services. With this API, fintechs are able to digitally open and manage FDIC-insured accounts, make payments, and interact with other systems.