London-based FinTech raised $29m
IN BRIEF:
Round is led by Balderton Capital, who are joined by Mubadala Capital, ETFS Capital, MMC Ventures and Anthemis Group
TreasurySpring users get access to over 600 standardised cash investment products, across seven different currencies and three categories: governments, corporates and banks
The new funding will be used to add to the product, sales, marketing and tech teams with plans to grow headcount by 50% in the next 12 months, further develop its products and services, and accelerate international expansion
What does this mean?
Kevin Cook, CEO, TreasurySpring, says: “For too long, the importance of cash has been overlooked by many operating businesses and investors alike. As rates have begun to rise across the globe and crises have once again started to permeate the banking sector, companies of all sizes have woken up to the benefits of diversification, security and attractive risk-adjusted returns.”
