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Treasury4 secures $20 million Series A funding led by WestCap for solutions enhancement

Treasury4, an enterprise software platform dedicated to delivering high-value solutions for global corporate treasury and finance practitioners, announced today that it has raised US$20 million in Series A funding.

The funding round is led by WestCap, with participation from Cowles Company, Fortson VC, Voyager Capital, Kick-Start Seed Fund and W.T.B. Financial Corporation. Other noteworthy investors include Jim DuBois, the former CIO of Microsoft, and Chris Growney, the co-founder of Clearwater Analytics.

Treasury4 was founded and is spearheaded by Chief Executive Officer and President, Steve Helmbrecht; Chief Product Officer and Treasurer, Ed Barrie; and Chief Analytics Officer, Nathan Brown – an award-winning team with deep domain expertise.

Drawing from their experiences at global, publicly-traded companies, this team possesses an intimate understanding of the pain points faced by finance and treasury professionals. This experience gained first-hand inspired the genesis of Treasury4, providing a distinctive opportunity for the team to introduce cutting-edge tools designed to address the precise challenges and demands they encountered.

Jeff Mullen, expressing his enthusiasm as a Partner of WestCap, the lead investor in the Treasury4 Series A round, said, “In an industry that has struggled to innovate, the team behind Treasury4 is now paving the way by productizing their deep technical knowledge to transform the way companies run their finance functions.”

Corporations and their treasury and finance departments have confronted numerous challenges over the past three years. As they navigate through a complex and uncertain business environment, the importance of real-time and accurate visibility into treasury data for financial planning and risk management has grown into an indispensable requirement for the Office of the CFO, as it evolves from a transactional record-keeping and cash custodian role to a more strategic position as a guardian and optimiser of global enterprise liquidity.

To support this transition, Treasury4 offers a comprehensive suite of modular and interconnected, API-enabled software solutions that facilitate data-rich, real-time, actionable intelligence into corporate finance and treasury operations. The foundation of the Treasury4 platform rests on legal entity data, enabling it to empower customers with an aggregated view and insightful analytics by assimilating financial information that is often fragmented across different internal systems.

“Treasurers and CFOs are experiencing a transformation in their contribution and influence. They now have access to more data, enhanced by improved visualizations, with faster processing capabilities, and greater foresight”, observed Steve Helmbrecht, CEO and President of Treasury4.  “By using modern digital technologies, these leaders will gain deeper insight into the direction of the firm, more time to strategically plan and collaborate, and a greater ability to guide the organization.”

With increasing demand for its solutions, Treasury4 will use the Series A funding to:

  • Enhance the capabilities and functionality of Entity4, its award-winning solution for comprehensive legal entity management.
  • Expand the library of bank data integrations available for Cash4, its recently launched solution for global cash management.
  • Accelerate the product roadmap and development of further solutions.
  • Establish and strengthen strategic partnerships across the ecosystem in service of creating an integrated and holistic suite of solutions across the treasury technology stack.

“As CFOs and treasurers take on increasingly expansive strategic responsibilities, we believe that the team at Treasury4 is uniquely qualified to position them to unlock the potential of their own treasury data to drive more effective decision-making across the entire CFO organization”, WestCap Partner Mullen added.

As Treasury4 continues to expand, the WestCap team will function as a design partner, leveraging its own direct experience developing sophisticated treasury and cash management practices that transformed into material profit centres for Airbnb and Blackstone.

WestCap is a strategic operating equity firm founded by Laurence A. Tosi, a serial entrepreneur and hands-on investor who previously served as CFO at Airbnb and Blackstone. Jeff Mullen, Partner at WestCap, will join the Treasury4 board, bringing his recent experience as the first Treasurer at Airbnb, where he built the company’s treasury and insurance functions. WestCap Principal Sean Duncan will also join the Treasury4 board, leveraging 12 years of experience overseeing strategy and operations in the financial services sector.

With the support of WestCap and other investors, Treasury4 is well-positioned to strengthen its platform and modular solutions, which have been meticulously constructed by finance and treasury specialists for the benefit of their peers.

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