Modern Treasury Corp.
Headquarters
San Francisco, CAFounded
2018CEO / Founder
Dimitri DadiomovEmployees
51-200Funding
Series C — $182.5MProducts
1 product listedAvg. AI Score
7.8/10Website
moderntreasury.com/
Profile updated
About Modern Treasury Corp.
Modern Treasury Corp. is a payment operations software company founded in 2018 by Dimitri Dadiomov, Matt Marcus, and Sam Aarons, and headquartered in San Francisco, California. The company builds infrastructure that connects businesses to their banks and automates the full lifecycle of money movement, from initiating payments to reconciling transactions.
The platform supports multiple payment rails including ACH, wire transfers, Real-Time Payments (RTP), and stablecoins. It provides both a web application and a REST API, allowing finance and engineering teams to manage payment workflows, approval chains, and ledger reconciliation. Customers have included companies in financial services, real estate, and marketplace verticals, such as Gusto, Marqeta, and Pipe.
Modern Treasury raised a $185M Series C round in 2022 led by Altimeter Capital, bringing its total funding to approximately $182.5M from investors including Benchmark and Y Combinator. The company participated in Y Combinator's Winter 2019 batch. As of the mid-2020s, the company employs roughly 100–200 people.
Specialties
Financials
Dated, source-cited figures. Estimates are marked.
Products by Modern Treasury Corp.
All products by Modern Treasury Corp. reviewed by our AI panel of experts.
How Our Review Panel Scores Modern Treasury Corp.
Six independent reviewer personalities assessed Modern Treasury Corp.'s product on their own terms. They disagreed by 1.0 points — The Skeptic was the hardest to convince, The Decision Maker the most positive.
Averaged across 1 reviewed product in our catalog. Scores are out of 10.
Competitive Landscape
Who Modern Treasury Corp. competes with, and how they differ.
Stripe is an all-in-one payments platform and processor — money flows through Stripe's own rails and acquiring relationships. Modern Treasury instead sits atop the bank accounts a company already holds, giving one API, one ledger and multi-rail orchestration (ACH, wire, RTP, FedNow, stablecoins) without requiring a company to give up its own bank relationships.
Increase is itself a single chartered bank delivered via API (it converted to a bank charter in July 2026) — one bank relationship, one set of rails, no stablecoin support. Modern Treasury runs a multi-bank, multi-rail model and lets customers add or bring direct bank partners as they grow.
Unit is a classic banking-as-a-service provider — it issues deposit accounts and debit cards to a platform's end users on its own partner-bank network. Modern Treasury does not issue accounts on its own network; it provides ledgering and payment orchestration over banks a customer already has or is onboarding.
Treasury Prime (BankOS) is bank-led embedded finance — distribution runs through a network of 20+ partner banks that plug fintechs into their own core systems. Modern Treasury sells platform-led, bank-agnostic infrastructure directly to the fintech or enterprise rather than through a bank's own program.
Column, founded by Plaid co-founder William Hockey, is itself a nationally chartered bank built API-first for developers and has taken no outside venture funding. Modern Treasury is not a bank — it is software that orchestrates money movement across whichever banks a customer uses, Column included.
Company Timeline
Key milestones in Modern Treasury Corp.'s history, with sources.
- Acquisition
Acquires stablecoin and fiat payments startup Beam
All-stock deal reported at about $40M, unifying fiat and stablecoin settlement rails under one API; Beam founder Dan Mottice joined Modern Treasury as head of Beam.
fortune.com - Milestone
Leadership transition: Matt Marcus becomes CEO, Dimitri Dadiomov becomes President
Co-founder and former Chief Product Officer Matt Marcus succeeded co-founder Dimitri Dadiomov as CEO after Dadiomov's seven years in the role; Dadiomov moved to President to focus on product. Co-founder Sam Aarons remains CTO.
moderntreasury.com - Funding
Series C second close — additional $50M from SVB Capital and Salesforce Ventures
Brought the Series C round to $135M total and cumulative funding to $183M; new investors Artisanal Ventures and NewView Capital also joined.
crowdfundinsider.com - Funding
Series C — $85M led by Altimeter Capital, valuation surpasses $2B
Existing investors Benchmark and Quiet Capital also participated. Monthly reconciliation volume had grown from roughly $100M to over $2B year over year.
pymnts.com - Funding
Series B — $38M led by Altimeter Capital
Existing investors Benchmark and Y Combinator also participated; brought total funding to $48M.
fortune.com - Funding
Series A — $10M led by Benchmark
Benchmark general partner Chetan Puttagunta joined the board.
moderntreasury.com - Founded
Founded by Dimitri Dadiomov, Matt Marcus and Sam Aarons
The three founders met building payment operations at mortgage lender LendingHome (now Kiavi) and joined Y Combinator's Summer 2018 (S18) batch.
ycombinator.com
Explore AI Software Reviews
Browse multi-perspective AI panel reviews across hundreds of AI tools, agents, and platforms. Find the right software with insights from CTO, Developer, Marketer, Finance, and User perspectives.