Treasuryxpress Announces Closing of $5M Funding Round
Treasuryxpress, a global provider for friction-less and on-demand treasury management solutions (TMS), announced that it has recently closed a growth investment of $5M from a consortium of investors including Middle East Venture Partners (MEVP), ISME Capital, and The Luxury Fund. The investment provides Treasuryxpress with an opportunity to leverage the growing need for on-demand, cloud-based treasury management and financial products. Following two consecutive years of triple digit growth in the US and EMEA regions, the new investment will allow the company to continue to expand its on-demand business model into key markets with treasury-friendly fintech solutions. By delivering solutions that change the way treasury teams can purchase, implement, and consume treasury and financial technology, Treasuryxpress has successfully introduced a new model of TMS to the market that allows companies across various industries to automate and improve their treasury processes in a quick and scalable way. With connectivity to more than 10,000 bank accounts worldwide, Treasuryxpress processes yearly payments amounting to $8B and manages more than 50M transactions in its data warehouse. To date, more than 125 enterprise clients across 41 countries and an additional 140+ self-service clients are using their store products and APIS.