Companies · Fintech

Treasury Prime Inc.Winter 2018Active

SAN FRANCISCO · CA, USA; Remote · Fintech · refined from filed group “Other Technology · founded 2017 · https://treasuryprime.com

Diligence memoA one-page analyst read on Treasury Prime Inc. — recommendation, valuation, rhythm, risks.
$54.1M
Total raised · real
2
Rounds
1.7×
Latest step-up
Top 4%
Sector rank · raised
Series B
Latest stage · inferred · Fri Sep 02 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Treasury Prime Inc. looks over-valued against its niche peers and is at-risk on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the fintech sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 1.80× the median modeled value of Series B Fintech companies in 2022–2024 (14 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.8 yr ago; this sector typically re-raises about every 12 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Fintech

Treasury Prime Inc. is one of 1063 Fintech companies tracked from SAN FRANCISCO, CA, USA; Remote, on record since 2017. By capital raised it ranks among the largest (ahead of 97% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Embedded banking software platform and marketplace

Founded in 2017, Treasury Prime is an embedded banking software platform connecting enterprise companies to a vast marketplace of banks and product partners to launch next-gen payment ecosystems on their platform. Our banking API offers the quickest, most secure way for fintechs and banks to partner, integrate and build modern financial products and increase revenue streams. We power enterprise-class embedded banking solutions for a range of complex services including money transfer, risk mitigation and integration with bank infrastructure. It's these leading-edge capabilities that helped the company to win Best Banking-as-a-Service Platform from Tearsheet in 2021 and 2022. The company was also named to CB Insights’ annual 2021 Fintech 250 list.

APIB2BBanking as a ServiceFintechfintech
Find Treasury Prime Inc. online

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
6
Investors (latest)
2017
Year incorporated
2022-09-02
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$125M$250M$375M$500MSeries B · 2021-05-11 Raised $20M (real) Modeled valuation $462M (est)$20M$462MSeries B2021Series B · 2022-09-02 Raised $34M (real) Modeled valuation $491M (est)$34M$491MSeries B2022+$34MCumulative $54M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series B$20.0M · 2021
Series B extension$34.1M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$490.9M
Base estimate est.
$81.8M
Conservative case
$1.2B
Upside case
$189.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the fintech sector profile. Directional, not a quoted figure.

Series B · modeled $462.2M · 2021-05-112021Series B · modeled $490.9M · 2022-09-022022
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
65%
Survival probability
43% low · 80% high
1.43×/yr
Annual markup
1.74×/yr upside case
3.8 yr
Elapsed time used
3.8 yr actual, capped for stale marks
fintech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
16 mo
Avg between rounds
$41.2M/yr
Capital velocity
5.1 yr
On record since
2021
First round
2
Rounds on file
How it compares to the market

Benchmarked against 1063 companies in Fintech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 13× above median
This company$54.1M
Sector median$4.3M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.7× above median
This company$34.1M
Sector median$20.0M
Modeled value — vs sector median (estimate, all stages) 11× above median
This company$490.9M
Sector median$45.1M

Raised more than 97% of sector peers (real $). Modeled value above 96% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #2 of 14.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)PayMongo Inc. · Series B Raised $45.8M · modeled $539.1M (est)Advisor Credit Exchange, LLC · Series B Raised $31.3M · modeled $364.3M (est)Butter Payments, Inc. · Series B Raised $27.5M · modeled $360.5M (est)Apto Payments, Inc. · Series B Raised $27.2M · modeled $357.9M (est)Nomba · Series B Raised $30.0M · modeled $340.2M (est)Forward Lending, Inc. · Series B Raised $55.8M · modeled $293.5M (est)Mozaic Payments, Inc. · Series B Raised $25.6M · modeled $250.9M (est)PayAll Payment Systems, Inc. · Series B Raised $17.2M · modeled $241.1M (est)Wealth, Inc./AZ · Series B Raised $29.1M · modeled $202.0M (est)Formance, Inc. · Series B Raised $25.1M · modeled $116.4M (est)Female Invest Inc. · Series B Raised $15.8M · modeled $115.8M (est)Treasury Prime Inc. (this company) Raised $54.1M · modeled $490.9M (est)Treasury Prime Inc.
CompanyStageRaised · realValue · estvs peer med.
PayMongo Inc.Series B$45.8M$539.1M1.98×
Treasury Prime Inc. this companySeries B$54.1M$490.9M1.80×
Advisor Credit Exchange, LLCSeries B$31.3M$364.3M1.34×
Butter Payments, Inc.Series B$27.5M$360.5M1.32×
Apto Payments, Inc.Series B$27.2M$357.9M1.31×
NombaSeries B$30.0M$340.2M1.25×
Forward Lending, Inc.Series B$55.8M$293.5M1.08×
Mozaic Payments, Inc.Series B$25.6M$250.9M0.92×
PayAll Payment Systems, Inc.Series B$17.2M$241.1M0.89×
Wealth, Inc./AZSeries B$29.1M$202.0M0.74×
Formance, Inc.Series B$25.1M$116.4M0.43×
Female Invest Inc.Series B$15.8M$115.8M0.43×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series B$20.0M2021-05-11$111.1M$462.2M90%
Series B$34.1M2022-09-02$189.3M$490.9M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series B$20.0M2021-05-11
    • First recorded raise — entered as Series B.
    • 8 investors on this round.
  2. Series B$34.1M2022-09-02
    • Raised 16 mo later, in step with the ~12 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
    • 6 investors on this round.
Intelligence
2023 ~Q4
Modeled next raise · ~16mo cadence
$58.0M
Modeled next size est.range $37.7M$92.8M
1.7×
Last step-up
$41.2M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Amias Gerety6 other2022-09
Daniel Kimerling2 other2022-09
Chris Dean2021-05
James Brusstar2021-05
Meghan Ryan2022-09
Registry & provenance

Treasury Prime Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1864511
SEC CIK
2017
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
LemFiFintechSeries B$53.0M$325.1Msame sector · same stage
Forward Lending, Inc.FintechSeries B$55.8M$293.5Msame sector · same stage
Djamo Inc.FintechSeries B$46.6M$96.5Msame sector · same stage
PayMongo Inc.FintechSeries B$45.8M$539.1Msame sector · same stage
Credit Sesame, Inc.FintechSeries B$44.8M$415.6Msame sector · same stage
Cheddar Inc.FintechSeries B$44.5M$708.9Msame sector · same stage
FairMoneyFintechSeries B$42.0M$919.4Msame sector · same stage
Axiom, Inc.FintechSeries B$41.4M$90.0Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Standard Treasury
Banking APIs; acquired by Silicon Valley Bank in August 2015
Fintech82%
Anchor
Embedded finance platform for African businesses
FintechPre-Seed$13.2M79%
tpaga
First financial Superapp of Latin America
Fintech77%
Jutsoo
All your corporate bank accounts connected under one platform
Fintech77%
Fuse
Unified API for financial data aggregators.
Fintech76%
Treasury IncOther TechnologySeed$58.6M76%
Decentro
API Platform for Banking Integrations (Plaid for India and APAC)
Fintech76%
Increase
Enterprise-grade banking APIs
Fintech76%
Frequently asked
How much funding has Treasury Prime Inc. raised?
Treasury Prime Inc. has raised approximately $54.1M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Treasury Prime Inc.'s estimated valuation?
Provath's modeled valuation for Treasury Prime Inc. is approximately $490.9M (modeled range $81.8M–$1.2B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Treasury Prime Inc. at?
Treasury Prime Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Fri Sep 02.
What does Treasury Prime Inc. do and where is it based?
Treasury Prime Inc. operates in the Fintech sector, based in SAN FRANCISCO, CA, USA; Remote. Embedded banking software platform and marketplace
Explore related

See where Treasury Prime Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at Treasury Prime Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.