Trea­suryx­press An­nounces Clos­ing of $5M Fund­ing Round

Arabnet - The Quarterly - - Industry Stories -

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.

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