Modern Treasury
Payment operations solutions
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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
Otta's take on Modern Treasury
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
Dimitri Dadiomov
(CEO)They studied at Stanford and Harvard, and have held senior positions at Foundation Capital and LendingHome.
Matt Marcus
(CPO)A Dartmouth graduate and former Y Combinator member, they worked at LendingHome as a Senior Software Engineer.
Sam Aarons
(CTO)They studied Computer Science at Columbia, and were a Senior Software Engineer at LendingHome.
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Software Engineering
Design
Sales & Account Management