GTreasury Receives Investment from Hg

GTreasury

GTreasury, a Chicago, IL-based treasury, payments, and risk management software provider, received an investment from Hg.

The amount of the deal was not disclosed. As part of the transaction, the GTreasury management team and former majority owner, Mainsail Partners, will continue as investors in the business.

The company intends to use the funds to continue its growth in the TMS segment, with scope to drive further operational improvements, invest in product development, and continue its global expansion plans—including Asia Pacific regions and in Europe.

Led by Renaat Ver Eecke, CEO, GTreasury specializes in treasury management systems (TMS) for organizations worldwide. Its SaaS solutions assist treasury departments to effectively manage liquidity needs, payment execution, bank relationships, FX hedging, and auditing and compliance requirements. The company provides these practitioners with real-time insight and access into their global liquidity needs, serving over 700 customers across 30 industries in over 160 countries.

The company is headquartered in Chicago, with locations serving EMEA (London) and APAC (Sydney and Manila).

FinSMEs

18/05/2023