TreasuryXpress, a San Diego, CA-based provider of on-demand treasury management solutions (TMS), closed a $5m growth investment.
Backers included MEVP, iSME Capital, and Azure Fund.
The company intends to use the funds to continue to expand their on-demand business model into key markets with treasury-friendly fintech solutions.
Led by Anis Rahal, CEO and founder, TreasuryXpress provides companies with on-demand treasury management solutions which centralize more than 10,000 bank accounts daily and process electronic payments for over 7 billion USD each year.
The company operates a large portfolio of on-demand treasury products and APIs for over 125+ treasuries of all sizes worldwide. Additionally, TreasuryXpress supports 140+ self-service clients of their fintech products and APIs available in their online store.