Financial technology has been growing rapidly in recent years, creating innovative solutions for the financial services sector. Among them is Treasury Prime; a cutting-edge company that is revolutionizing the way businesses access banking services. Treasury Prime’s platform offers a suite of APIs and financial products that allow businesses to access a network of sixteen banks, giving them access to a variety of products and services. Recently, Treasury Prime announced its Series C funding round, which was spearheaded by BAM Elevate and raised a total of $40 million. This funding will be allocated to increasing the bank network, initiating a marketplace, and enlarging the company’s presence in the market.
Founder and CEO Chris Dean expressed his excitement about the new funding round and what it means for Treasury Prime. “This provides banks with cheaper deposits, more extensive product options and a wider reach, while business customers enjoy increased satisfaction, more loyal customers and lower capital expense,” said Dean. This round of funding will enable Treasury Prime to continue its mission of providing financial services that are convenient, cost-effective, and secure for businesses all over the world.
Treasury Prime is providing its customers with an unprecedented level of convenience and cost savings. Banks that use the platform can enjoy cheaper deposits and access to more extensive product options and a wider reach. This makes it easier for them to meet their customer’s needs and provide better services; while customers benefit from increased satisfaction with their banking services, as well as more loyal customers and lower capital expense.
Cheaper deposits are one of the biggest benefits that Treasury Prime offers banks. With Treasury Prime’s API suite, banks can easily access a network of sixteen banks to make deposits that are cheaper than traditional methods. This cost savings can then be passed on to customers in the form of lower fees or higher returns. More extensive product options are also available, giving businesses access to services like mortgages and investments that they may not have had access to before. The wider reach that Treasury Prime provides allows banks to reach more customers than ever before; connecting with customers across the globe, giving them access to new markets and potential customers that they may not have been able to access before.
The investors involved in this funding round are committed to helping Treasury Prime continue its growth and mission of revolutionizing financial services through embedded banking solutions. The funds raised in this round will be used to increase the bank network, which will allow Treasury Prime to offer its services to even more banks and customers around the world. They will also be used to initiate a marketplace where businesses can easily find and compare different banking services; and finally, they will be used to enlarge Treasury Prime’s presence in the market by expanding its marketing efforts and increasing its customer base.
Embedded banking is revolutionizing the financial services sector and with this fresh funding, Treasury Prime is poised to continue its mission of providing convenient, cost-effective, and secure financial services for businesses around the world. It is offering businesses multiple benefits from its platform such as cheaper deposits, more extensive product options, wider reach, increased satisfaction with banking services, more loyal customers, and lower capital expense; all of which are helping to improve the financial services sector for everyone involved. With its Series C funding round led by BAM Elevate, Treasury Prime is in a great position to continue its mission and bring embedded banking solutions to businesses worldwide.
