Treasury Prime secures USD 20 mln in Series B insider round

Thursday 13 May 2021 11:39 CET | News

Treasury Prime, a Banking as a Service (BaaS) company, has completed a USD 20 million Series B insider round co-led by Deciens Capital and QED Investors.

The new capital will be used to accelerate go-to-market programs and to expand the company's sales, marketing, and engineering teams.

The company has brought on new bank partners including Pacific Western Bank, which also participated in the funding round, and Piermont Bank, and now has more than 50 fintech customers.

Earlier in 2021, Treasury Prime announced a partnership with Marqeta, a card issuing platform, that enables fintechs to manage the entire card lifecycle using the same Treasury Prime API they use for every other banking service, and to use Treasury Prime for program management services including network agreements, BIN management, fraud detection tools, and custom card design, printing, packaging, and shipping services.

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Keywords: funding, BaaS, banks, partnership, fintech, Marqeta, API, fraud detection
Categories: Banking & Fintech | Online & Mobile Banking
Countries: United States
This article is part of category

Banking & Fintech