TreasurySpring Closes It’s Latest Capital Raise Securing More Than $10M In A New Investment

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Below is our recent interview with Miriam Smetten, Head of Sales Operations at TreasurySpring:

Q: Could you provide our readers with a brief introduction to your company?

A: TreasurySpring is a London-based financial technology company that is unlocking multi-trillion dollar short-term money markets through its groundbreaking Fixed-Term Fund (FTF) platform. Fixed-Term Funds offer clients a simple, digital way to minimise risk and maximise returns on excess cash holdings, enabling them to invest surplus cash in the same way as the world’s largest treasury teams at the click of a button, without any infrastructure requirements.

Q: Any highlights on your recent announcement?

A: In June 2021, TreasurySpring announced the closing of its latest capital raise, securing more than $10m of new investment in a round that was co-led by MMC Ventures and Anthemis Group, with participation from existing investors, including ETFS Capital. The company has now raised more than $15m since its first external capital injection in November 2017

Q: Can you give us more insights into your offering?

A: An FTF operates in the same way as a term deposit, or notice account, offering exposure to a particular issuer, for a fixed-term, ranging from a week to a year. A single onboarding to TreasurySpring’s simple digital platform can be completed within days and provides access to an ever-growing menu of FTFs across three core verticals: Governments, banks and corporations, always of a high credit quality. In the bank space, the focus is on secured exposures rather than unsecured deposits, enabling clients to reduce credit exposure whilst typically also increasing yield. Every FTF is 100% maturity-matched, so clients are never exposed to “run risk”.

Q: What can we expect from your company in next 6 months? What are your plans?

A: The financing round will support the growth of the team, with a particular focus on sales and marketing. The firm has already attracted Oscar Coyle, who will join from HSBC as a Sales Director later this month. In addition to continued investment in the platform’s core technology and operations, funds will also be deployed to accelerate expansion across sectors and geographies, as well as number of exciting new product and marketing initiatives.

Q: What is the best thing about your company that people might not know about?

A: Can we cheat and say two things please?!
1. Every member of the team has an equity interest in the company, so everyone acts as an owner, helping to foster a tight culture where everyone is motivated to build the best business possible.
2. We are completely paperless, operate a remote-first culture and encourage all of our team to cycle or run as part of their commute; and to cycle between meetings in London.
In doing so, we are minimising our carbon footprint and we are also evaluating a number of other initiatives to help to make our business as ESG-friendly as possible.

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