Treasury Prime, a San Francisco, CA-based fintech company, raised $9m in Series A funding round.
The round, which brought total funding to date to $11.5m, was led by Amias Gerety of QED Investors with participation by Jason Lemkin of SaaStr and Hans Morris of NYCA Partners.
The company intends to use the funds to expand operations.
Led by Chris Dean, Co-Founder and CEO, Treasury Prime provides an API that integrates directly with a bank’s core banking system to reduce the time and cost for onboarding new clients, all while fulfilling the banks’ governance requirements. With Treasury Prime, fintechs are able to digitally open and manage FDIC insured accounts at scale, make sophisticated payments, and interact with other systems, all with automated fraud detection and audit trails built right into their own integrations.