TreasurySpring is a technology company.
TreasurySpring has raised $41.0M across 3 funding rounds.
TreasurySpring has raised $41.0M in total across 3 funding rounds.
TreasurySpring has raised $41.0M in total across 3 funding rounds.
TreasurySpring's investors include AngelList Syndicator, Anthemis Group, Emma Steele, Balderton Capital, BEENEXT, DST Global, FJ Labs, Index Ventures, Jigsaw VC, MMC Ventures, Northzone, OurCrowd.
TreasurySpring is a London-based fintech company that provides a digital platform for businesses to access secure, diversified short-term cash investments, such as Fixed-Term Funds (FTFs) ranging from one week to 13 months across banking, government, and corporate sectors[1][2][5]. It serves FTSE 100 corporations, multinationals, tech scale-ups, startups, fund managers, charities, and family offices, solving the problem of idle cash by enabling higher returns, diversification, and reduced banking risk—especially amid rising interest rates and bank failures like SVB and Credit Suisse[2][6]. With over 250 institutional clients and 100+ in onboarding, the platform has seen accelerated demand post its $29 million Series B funding, democratizing treasury management previously reserved for large institutions[2].
TreasurySpring was founded in 2017 (with some sources noting 2016 or platform launch in 2018) by Kevin Cook (CEO), Matthew Longhurst (COO), and James Skillen (CTO), who drew from decades of experience in hedge funds, asset management, and investment consulting[2][3][8]. The idea emerged from the 2008 financial crisis, particularly their front-row experience at a hedge fund during Lehman Brothers' collapse, highlighting the need for robust, accessible cash investment infrastructure to manage risk and returns[3]. Early traction built on addressing underserved money markets, evolving into a seamless platform amid post-crisis banking vulnerabilities and rising rates, with pivotal growth via the 2022 Series B round[2].
TreasurySpring rides the fintech wave in underserved multi-trillion-dollar short-term money markets, ignored amid boom in payments/lending but exploding with rising rates (post-2022 hikes) and bank crises amplifying deposit risks[1][2][3]. Timing aligns with corporate cash piles needing optimization—e.g., scale-ups hedging FX via on-platform tools—while market forces like ESG demands and regulatory scrutiny favor its transparent, sustainable approach[4][7]. It influences the ecosystem by partnering with giants like LSEG and London Stock Exchange, lowering funding costs for issuers, and enabling VCs/PE to boost value creation via better idle cash yields, fostering resilient treasury for startups and beyond[3][10].
TreasurySpring is poised to expand its platform with ESG-enhanced products, deeper FX/multi-currency tools, and global reach, capitalizing on persistent high rates, banking instability, and sustainability mandates[4][7]. Trends like AI-driven treasury and tokenized cash markets will shape it, potentially scaling clients beyond 250 amid economic volatility. Its influence may evolve from niche disruptor to standard infrastructure, empowering businesses to treat cash as a strategic asset—unlocking the multi-trillion market it set out to democratize[1][2].
TreasurySpring has raised $41.0M across 3 funding rounds. Most recently, it raised $29.0M Series B in June 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2023 | $29.0M Series B | AngelList Syndicator, Anthemis Group, Emma Steele, Balderton Capital, BEENEXT, DST Global, FJ Labs, Index Ventures, Jigsaw VC, MMC Ventures, Northzone, OurCrowd, Smash Capital, Andy Chung, Ben Kaminski, Errol Damelin | |
| Jun 1, 2021 | $10.0M Series A | AngelList Syndicator, Anthemis Group, BEENEXT, MMC Ventures, OurCrowd, Andy Chung, Ben Kaminski, Errol Damelin | |
| Sep 1, 2019 | $2.0M Seed | AngelList Syndicator, MMC Ventures, OurCrowd, Andy Chung, Ben Kaminski, Errol Damelin |