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Modern Treasury

Modern Treasury is the operating system for the new era of payments, helping companies unlock growth, enhance customer experiences, and drive efficiency. The payment operations platform and best-in-class developer tools move companies forward with faster payments, effective workflows, full data visibility, and seamless bank integrations. Founded in 2018, San Francisco-based Modern Treasury serves leading companies across broad sectors of the economy like ClassPass, gusto, Marqeta, Procore, Navan, and more and is backed by investors Altimeter Capital, Benchmark, and Y Combinator. ################ Our Why We strive to become one of the best companies in the world by: Helping our customers build their own best companies. We build products to support our customers’ goals. We deliver on time and provide exceptional service. We aspire to do things right the first time, and if something goes wrong, we rectify it. Creating the conditions for personal and professional growth. We design our work environment to be uplifting and enriching, a place to engage in meaningful work, constantly learn, and pursue our long-term career journeys. Together, we create a space of psychological safety. We embrace diversity of thought, respectful debate, and intellectual curiosity. Making decisions for longevity. We focus on profitability, which protects our employees’ livelihoods and ensures our continued ability to serve customers. We do so with decency, dignity, and truthfulness, earning us the right and privilege to remain in business. We will sometimes fall short, but we are unapologetic about striving. We commit to the never-ending work it takes to build one of the world’s best companies.
Founding Year
2018
Headquarters
San Francisco
,
United States
Sector(s)
Fintech
Funding State
Pre-Seed
Seed
Series A
Series B+
Exited
Total Funding Amount
$183.12M
Funds that Investested

Benchmark

Focuses on early-stage venture investing in mobile, marketplaces, social, infrastructure, and enterprise software.
Pre-Seed
Seed
Series A
Series B+
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Cleo Capital

Fund led by Sarah Kunst investing in the future of fintech, consumer, and enterprise.
Pre-Seed
Seed
Series A
Series B+
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Mischief

Early stage venture fund.
Pre-Seed
Seed
Series A
Series B+
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TQ Ventures

Focused on early-stage and growth-stage companies.
Pre-Seed
Seed
Series A
Series B+
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Y Combinator

Twice a year YC invests $500,000 per company in a large number of startups. They work intensively with the companies for three months, to get them into the best possible shape and refine their pitch to investors. Each cycle culminates in Demo Day when the startups present their companies to a carefully selected, invite-only audience.
Pre-Seed
Seed
Series A
Series B+
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Silicon Valley Bank

Pre-Seed
Seed
Series A
Series B+
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Salesforce Ventures

For the most enterprising founders.
Pre-Seed
Seed
Series A
Series B+
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Quiet Capital

Move the world further, faster, with quiet capital by investing in technology businesses early to create long-term value.
Pre-Seed
Seed
Series A
Series B+
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Altimeter

Altimeter is a leading technology-focused investment firm built by founders for founders. Their mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. Altimeter manages a variety of venture and public funds and serves as an expert long-term partner to companies as they enter the public markets.
Pre-Seed
Seed
Series A
Series B+
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Investors that Investested

Edward Lando

Managing Partner, Pareto Holdings
Co-founder and former CEO of New York-based Goody, a gifting app.
Pre-Seed
Seed
Series A
Series B+
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Chetan Puttagunta

General Partner, Benchmark
Chetan has been at Benchmark since 2018. Prior to that, was a general partner at NEA for seven years.
Pre-Seed
Seed
Series A
Series B+
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Paul Graham

Founder, Y Combinator
Paul Graham is the author of On Lisp (1993), ANSI Common Lisp (1995), and Hackers & Painters (2004). In 1995, he and Robert Morris started Viaweb, the first SaaS company, which in 1998 became Yahoo Store. In 2002 he discovered a simple spam filtering algorithm that inspired the current generation of filters. He has an AB from Cornell and a PhD in Computer Science from Harvard.
Pre-Seed
Seed
Series A
Series B+
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Michael Seibel

Managing Director, Early Stage and Group Partner, Y Combinator
Previously a co-founder and CEO of Justin.tv from 2007 2011 and the co-founder and CEO of Socialcam in 2012. Graduated from Yale University with a bachelor's degree in political science.
Pre-Seed
Seed
Series A
Series B+
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Jeffrey Katzenberg

Founding Partner, WndrCo
Jeffrey is an entertainment industry executive and entrepreneur, who throughout his career has repeatedly reshaped the media landscape. He led WndrCo’s investments in Airtable, Frame.io, Quibi, Vise, Placer.ai, NexHealth, Deel, and ID.me.
Pre-Seed
Seed
Series A
Series B+
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Sujay Jaswa

Founding Partner, WndrCo
Sujay is one of Silicon Valley’s leading business innovators, and oversees WndrCo’s investment and operating activities. He makes Ventures and Growth investments, and creates companies through Venture Buyouts. He serves as Chairman of Aura, Twingate, and Super Unlimited, and led WndrCo’s investments in Figma, 1Password, Databricks, Pango, Pilot, Rally, Zagat / The Infatuation, and other great companies.
Pre-Seed
Seed
Series A
Series B+
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ChenLi Wang

General Partner, WndrCo
ChenLi is one of Silicon Valley’s innovative leaders in building and scaling software businesses. Prior to joining WndrCo as a General Partner, he founded and led Dropbox’s business operations team and was a pioneer in building a freemium, product-led growth engine. ChenLi focuses on Ventures and Growth investments, and in creating companies through Venture Buyouts. He led WndrCo’s investments in Aura, Pango, Webflow, Modern Treasury, Mux, Pilot, Material Security, Bubble, Gem, and other great companies.
Pre-Seed
Seed
Series A
Series B+
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