Treasury Spring, the operator of a London-based fixed-term fund platform, has raised $ 10 million in a round led by MMC Ventures and Anthemis Group.
Existing investors, including ETFS Capital, will take part in the Treasury Spring round, launched in 2016, where large cash balance holders will minimize risk and maximize returns through a diverse menu of unique cash investments. I made it possible to make it.
Through a single online onboarding, clients can choose from over 120 investment options each day, offering their own exposure to asset classes previously only available at major financial institutions.
According to TreasurySpring, in the current situation of ultra-low and negative interest rates, more and more institutional investors are looking for alternatives to traditional bank deposits and money market funds, coupled with uncertain credit outlook.
Since launching the platform in September 2019, the company has already become a fast-growing institutional investor, including FTSE 100 and other listed companies, IGOs, fund managers, large private companies, charities and family offices. We issue over $ 9 billion in FTFs. ..
Having recently hired HSBC’s Oscar Coil Sales Director, the new money will be used to attract more people in sales and marketing.
Kevin Cook, CEO of Treasury Spring, said: “After a 12-month breakout that increased AUM by a factor of 10, we wanted to bring in the best possible investment partners to support our ambitious growth plans.”
TreasurySpring Raises $ 10 Million For Fixed Fund Platform
Source link TreasurySpring Raises $ 10 Million For Fixed Fund Platform