# Modern Treasury: Information technology & services, San Francisco, United States

> Modern Treasury: Modern Treasury is a financial software company based in San Francisco, founded in 2018. Based in San Francisco, United States. Founded 2018.

Source: https://millionrounds.com/startup/modern-treasury (Millionrounds; every figure on the page links to its filing or article)

United States · [Information technology & services startup](https://millionrounds.com/companies)

# Modern Treasury

Modern Treasury is a financial software company based in San Francisco, founded in 2018.

Funding reported Last round: Series C

Information technology & services San Francisco, United States

Company summary

- **Founded:** 2018 8 years old
- **Team:** 190 51 to 200 people
- **Funding reported:** $183M in dollars
- **Last round:** Series C Mar 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Modern Treasury has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Modern Treasury

Modern Treasury is a financial software company based in San Francisco, founded in 2018.

It provides an operating system for money movement, automating the entire payment operations cycle from initiation to reconciliation. The company focuses on enhancing efficiency and customer experiences by replacing manual processes with a single, integrated software solution. The platform offers a suite of APIs and developer tools that facilitate seamless bank integrations, automatic reconciliation, and continuous accounting. Key products include a payments API for various transaction types, virtual accounts for managing bank accounts, and ledgering capabilities for internal tracking. Modern Treasury serves a diverse range of clients, including fintechs, neobanks, and B2B/B2C marketplaces, and has processed over $400 billion in payments for organizations, including Fortune 500 companies.

## What company datasets say Modern Treasury raised

Funding, as reported

Reported in all **$183M** in dollars

Rounds **6**

Last round **Series C**

Last round size **$7.0M**

Last round date **Mar 2022**

Investors listed **18**

Valuation **$2.0B, Mar 2026**

Y Combinator **S18**

## Founders and team

From Modern Treasury's own website: 1 founder.

**Sam Lushtak** Co-Founder and CEO, Palus Finance

## On 6 portfolio pages

Investors who name them

- [Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures)
- [Artisanal Ventures](https://millionrounds.com/fund/artisanal-ventures)
- [TQ Ventures](https://millionrounds.com/fund/tq-ventures)
- [Conduit](https://millionrounds.com/fund/conduit)
- [TQ Ventures](https://millionrounds.com/fund/tq-ventures-2)
- [Archetype](https://millionrounds.com/fund/archetype)

Each firm lists Modern Treasury on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

ach transactions payment system scalability health care payment compliance professional services enterprise-grade security consumers payment data validation payment security reserve payment system automation global payments integration faster payments expense management solutions transaction monitoring payment automation

Built with from their website

Docker Google Tag Manager Canva ANS AWS Trusted Advisor Atlassian Linkedin Insight Tag YouTube GitHub Google Workspace

+8 more

Bing Webmaster Tools CloudFlare Viewport Meta LinkedIn Ads CSS Element UI Hubspot webpack

- **Sector:** Information technology & services
- **Industry code:** NAICS 513210, 522320, SIC 7375
- **Region:** California
- **Revenue:** $26M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/modern-treasury)

## Information technology & services in United States

Startups like it

- [**Databricks** San Francisco · founded 2013 *Raised*](https://millionrounds.com/company/databricks)
- [**Waymo** Mountain View · founded 2009 *Raised*](https://millionrounds.com/company/waymo)
- [**Crusoe** Denver · founded 2018 *Raised*](https://millionrounds.com/company/crusoe)
- [**Cursor** San Francisco · founded 2017 *Raised*](https://millionrounds.com/company/cursor)
- [**Thinking Machines Lab** San Francisco *Raised*](https://millionrounds.com/company/thinking-machines-lab)
- [**Cognition** San Francisco *Raised*](https://millionrounds.com/company/cognition)
- [**Polymarket** New York · founded 2020 *Raised*](https://millionrounds.com/company/polymarket)
- [**Harvey** San Francisco · founded 2022 *Raised*](https://millionrounds.com/company/harvey)

## Is this your company?

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