COMPANY INFO
Modern Treasury Corp. was founded in 2018 by Dimitri Dadiomov, Matt Marcus, and Sam Aarons. The company has approximately 165-206 employees and is headquartered in San Francisco, California. Modern Treasury operates in the technology and financial services industry, providing payment operations software that automates the full cycle of money movement. Their platform supports businesses in managing and tracking payments efficiently through APIs and web applications, serving sectors like real estate, healthcare, insurance, education, and financial services. The official website is https://www.moderntreasury.com.
Modern Treasury Corp is a technology company founded in 2018 by Dimitri Dadiomov, Matt Marcus, and Sam Aarons. Headquartered in San Francisco, California, and employing approximately 180-206 people, Modern Treasury operates in the financial technology (fintech) sector. The company provides innovative payment operations software designed to automate the entire cycle of money movement for businesses. By leveraging APIs and web applications, their platform enables organizations in industries such as real estate, healthcare, insurance, education, and financial services to efficiently manage and track payments.
Modern Treasury Corp funding has been robust, with the company raising a total of $183 million over five disclosed funding rounds. Since its inception, Modern Treasury's investors have supported the company through successive rounds that fueled product development, market expansion, and strategic partnerships. The funding strategy has been focused on scaling product offerings, expanding the customer base, and deepening relationships with financial institutions. Key milestones in the Modern Treasury funding rounds include significant investments from prominent venture capital firms and a valuation exceeding $2 billion after the Series C and its extension.
This latest funding round aimed to drive further innovation in payment operations and support the expansion of enterprise relationships, strengthening Modern Treasury’s market position and ability to serve large-scale clients.
The Series C round equipped Modern Treasury with the capital needed to broaden its product suite, build deeper partnerships with banks, and attract a larger customer base. This round brought the company’s valuation to $2 billion, underscoring strong investor confidence.
This round supported scaling the core product and accelerating business growth, fueling the company’s rapid expansion across key markets.
The Series A provided resources for continued product development and to support Modern Treasury’s early market expansion.
Seed funding enabled Modern Treasury to launch its initial product and invest in foundational technology development.
SVB Capital played a pivotal role in the Series C Extension, providing growth capital to help Modern Treasury advance payment innovation and scale its enterprise reach. The firm has a track record of backing leading fintech startups.
As a co-lead in the Series C Extension, Salesforce Ventures invested in Modern Treasury to accelerate its ecosystem integration and enterprise adoption, leveraging its expertise in supporting cloud-based financial solutions.
A primary investor in both the Series B and Series C rounds, Altimeter Capital helped drive Modern Treasury’s product scaling and overall company growth, supporting the company to its $2B+ valuation.
Benchmark led the Series A round, fueling Modern Treasury’s initial product expansion and early market traction. Its investment brought substantial fintech expertise to the company in its formative stages.
Modern Treasury participated in Y Combinator’s Summer 2018 batch and secured seed funding critical for its launch and early development. Y Combinator’s network accelerated the company’s entrance into the fintech landscape.
Quiet Capital has contributed to the investment mix, supporting Modern Treasury’s ongoing financial and operational growth throughout multiple funding rounds.
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