TreasurySpring, a London, UK-based financial technology company that operates a Fixed-Term Fund platform, secured more than $10m in Series A funding.
The round was co-led by MMC Ventures and Anthemis Group, with participation from existing investors ETFS Capital.
The company, which has now raised more than $15m since its first external capital injection in November 2017, intends to use the funds to continue to expand operations, , with a particular focus on sales and marketing, and its business reach.
Founded in 2016 by Kevin Cook, Matthew Longhurst and James Skillen, TreasurySpring provides a Fixed-Term Fund platform that enables all holders of large cash balances to minimize risk and maximize returns, providing digital access to a diverse menu of proprietary cash investments. Through a single online onboarding, clients can already choose from 120+ investment options on a daily basis. Launched in September 2019, TreasurySpring has already issued more than $9B of FTFs to its institutional client-base including FTSE 100 and other listed companies, IGO’s, fund managers from the Private Equity, Venture Capital, Real Estate and Hedge Fund sectors, large private companies, charities and family offices.
FinSMEs
10/06/2021