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Treasury Prime raises $20m to scale its banking-as-a-service biz

San Francisco based banking-as-a-service startup raised $20m in Series B financing co-led by Deciens Capital and QED investors. 

As is increasingly common among insider-led fundraises in recent years, the startup in question was not in dire need of new funding before the new investment came together. In fact, Treasury Prime CEO Chris Dean told TechCrunch in an interview that his firm is “super capital efficient,” adding that it had not tucked into its Series A capital until January of this year.

Tags

banking, api