Branch Transformation

Treasury Prime raises $9M to link banks with fintechs

May 6, 2020

Treasury Prime, a San Francisco-based banking software startup, has raised $9 million in a Series A funding round led by Amias Gerety of QED Investors. 

The round was backed by Jason Lemkin of SaaStr and Hans Morris of NYCA Partners, according to a press release.

The funding will be used to help grow the company, which provides an application programming interface for legacy banks to overlay their back end infrastructure and connect their systems with modern fintech companies. The integration lets banks and fintechs work together to develop new clients with a robust suite of banking services for customers. 

"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," Chris Dean, co-founder and CEO of Treasury Prime, said in the release. "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."

The company previously raised $2.5 million in a seed round.