Modern Treasury

Payment operations solutions

Fintech
B2B
Enterprise
Payments
Financial Services
SaaS
API

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Company mission

Modern Treasury's mission is to help their customers build their own best companies by simplifying and modernizing business payments.

Employees

101-200

HQ Location

Union Square, San Francisco, CA

OTTA INSIGHTS

Some candidates hear
back within 2 weeks

-6% employee growth in 12 months

Otta's take on Modern Treasury

Xav Kearney headshot

Xav Kearney

CTO of Otta

Modern Treasury is a fintech company looking to modernise legacy B2B banking by accelerating the pace of payments. Their payments operation software offers real-time transaction tracking, as well as an API or dashboard to help companies manage payments from a single place. With approximately $120 trillion B2B business payments processed annually globally, Modern Treasury are tapping into a huge market opportunity.

Key to the success of their offering has been to renovate legacy payment methods, such as checks. Their software significantly reduces the processing time required to carry out transactions - and is applicable across a broad swathe of high-value sectors like real estate, healthcare, and financial services.

With the market expanding rapidly and the pace of digital transformation accelerating, Modern Treasury’s smart offering has seen the company enjoy impressive growth. Founded in just 2018, they quickly reached Unicorn status. Partnerships with the likes of Metropolitan Commercial Bank and the development of products like the Swift alternative Global ACH, shows Modern Treasury to be a highly valuable market solution that is adeptly navigating a growing customer base.

Total funding - $183.2m

Last 2 fundraises

Oct 2021

$85m

SERIES C

Mar 2022

$50m

SERIES C

This company has top investors

Company benefits

  • Inclusive Healthcare Package - Your well-being is critical. We provide both HMO and PPO health plans, as well as dental and vision care. When you’re taken care of you can do your best work.
  • Unlimited PTO - We value rich and balanced lives. Recent vacations include Dimitri (CEO) rafting down the Grand Canyon, Duncan (Head of Design) backpacking in Yosemite, and Matt (CPO) taking a 2-week trip in Europe.
  • Paid Parental Leave - We believe in supporting you and your family. We provide 4 months of paid leave.

Company values

  • Helping our customers build their own best companies
  • Creating the conditions for personal and professional growth
  • Making decisions for longevity

Founders

They studied at Stanford and Harvard, and have held senior positions at Foundation Capital and LendingHome.

A Dartmouth graduate and former Y Combinator member, they worked at LendingHome as a Senior Software Engineer.

They studied Computer Science at Columbia, and were a Senior Software Engineer at LendingHome.


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Modern Treasury is hiring for 8 jobs on Otta!


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