Treasure raises funds from Peter Thiel and Jump Capital to help businesses monetize their dormant money
San Francisco, Calif .– (Newsfile Corp. – August 25, 2021) – Treasure, a fast growing B2B Fintech company providing cash management solutions, has completed its Seed + cycle led by Peter Thiel and Jump Capital.
Ben Vershuere (left) and Sam Strasser (right) from Treasure
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The past year has had a disproportionate impact on small and medium-sized businesses and has shown how necessary it is to improve their financial health. “When we talk to CFOs, they all share the same frustration with lack of access to personalized solutions and opportunities to improve their business results. And that’s what Treasure provides, ”says Sam Strasser, CEO of Treasure.
“It’s an exciting time for Treasure. We are the only fully automated platform that transparently identifies and reinvests unused corporate cash into higher yielding funds, ”adds Strasser. “We enable every business to monitor their cash flow in real time and profit from their finances, which makes our mission and value proposition unique. “
The new funding comes less than a year after Treasure closed its funding round, which included Katalyst, Mithril, the Taizo Son family office and several famous individual investors from Silicon Valley and Wall Street.
Treasure has doubled its membership in the past six months, led by an impressive duo. Sam Strasser, Founder / CEO, is a serial entrepreneur with 15 years of experience building B2B and SaaS businesses. Ben Verschuere, Co-Founder / CIO, is a seasoned investment manager who previously oversaw capital allocation at renowned financial institutions. Echoing this, Strasser says, “What we’ve built at Treasure is really special. Thanks to our technology, we give every CFO access to the same types of tools that large companies deploy on a daily basis with their treasury department. It is about building the future. of finance and to provide superpower to the CFOs of companies. “
With this increase, the company is looking to further expand its growing team. “We are delighted and honored to welcome Peter and Jump Capital to this tour. Their track record speaks for itself. It’s a great seal of approval for Treasure,” said Ben Verschuere.
After successfully launching its platform earlier this year, Treasure unveiled the Treasure Reserve Account – a higher yielding account designed for the cash management needs of businesses, with a yield currently between 0.75% and 2.75% (net of fees).
Treasure has big plans for the next few quarters following the rapid growth it is experiencing in its customer base.
About the treasure:
Treasure is a fintech software company located in San Francisco, California. He has created a comprehensive suite of financial products and tools designed for SME CFOs to accurately track their cash flow in real time and monetize their cash flow in the short term with Liquid Sense (Treasure private transaction AI).
Recently launched, the Treasure Reserve account is the first of its kind – a higher yielding account designed for the exact needs of SMEs, currently with a return of between 0.75% and 2.75% (net of fees).
Treasure turns cash flow into revenue opportunities, turning financial services from cost centers into profit generators.
Visit www.treasurefi.com for more information. For any media inquiries contact [email protected]
THE SOURCE: Financial treasury
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