Treasury Prime, an embedded banking company, raises USD 40m

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Treasury Prime, an embedded banking platform, has raised USD 40 million in a Series C funding round that was spearheaded by BAM Elevate. Along with existing investors Deciens, QED, and SaaStr, The Banc Funds Company, Invicta, and joined the round.

Treasury Prime’s CEO, Chris Dean, said: “The financial services sector is changing and modernizing due to embedded banking. While enterprise clients gain from higher satisfaction, higher retention, and lower cost of capital, it offers banks lower-cost deposits, improves product offerings, and expands their footprint.”

With the additional funding, the company plans to expand its bank network, introduce a marketplace offering, and increase its market presence.

Read More: Embedded banking player Treasury Prime raises $40m

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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