Modern Treasury provides a payment operations platform that automates the initiation, tracking, and reconciliation of payments across traditional and instant payment rails, enhancing real-time visibility and operational efficiency. This solution addresses the need for businesses to adapt to the Instant Economy by streamlining payment processes and improving customer experiences.
Funding
$183M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+3Founders
Product
Problem
Businesses face challenges in efficiently managing payment operations across various payment rails, leading to complexities in initiation, tracking, and reconciliation. This can result in delayed visibility, increased operational overhead, and difficulties in adapting to the demands of real-time payment processing.
Solution
Modern Treasury offers a payment operations platform designed to automate and streamline the entire payment lifecycle, from initiation to reconciliation, across both traditional and instant payment networks. The platform provides real-time visibility into transactions and balances, enabling businesses to track and manage their finances with greater accuracy and control. By unifying financial data and leveraging AI-driven automation, Modern Treasury simplifies payment workflows, reduces manual effort, and improves overall operational efficiency. The modular architecture allows companies to modernize their infrastructure at their own pace, addressing specific pain points or transforming their entire payment operations.
Target Audience
Modern Treasury targets businesses of all sizes, from startups to large enterprises, seeking to optimize their payment operations and adapt to the demands of the instant economy.
Features
- Programmatic initiation, tracking, and reconciliation of payments across global banks and payment rails.
- Support for instant payment rails (RTP, FedNow) to accelerate transactions and improve customer experiences.
- Real-time transaction tracking and balance management in a performant database.
- AI-powered reconciliation with granular matching and exception management that learns and adapts over time.
- Pre-built integrations and flexible APIs for seamless data ingestion.
- Granular, conditional, and sequenced approvals for payments and reconciliation.
- Enterprise-grade security features, including RBAC, SSO, SCIM, and SIEM, with SOC I, SOC II, and PCI DSS compliance.