Treasury Prime Raises $40 Million in Series C Funding

Treasury Prime secured $40 million in Series C funding, as reported in August 2023. The company operates as a BaaS platform connecting banks and fintechs, enabling embedded financial products. This raise came during a period of significant investment activity in the BaaS sector.

The funding is expected to support Treasury Prime's continued growth as the BaaS market is projected to grow 15% annually and reach $66 billion by 2030. Financial terms beyond the headline figure were not disclosed. The round positions Treasury Prime among the most well-funded BaaS providers in the space.