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Modern Treasury raises $50m in Series C funding

San Francisco based payments infrastructure company raised $50m in Series C funding led by SVP Capital and Salesforce Ventures.

“The areas that I think they’ve wanted to go after initially have been these low-hanging fruits where the volume and the complication of payment operations is very acute. But, the way that the product is built, there’s no reason that this couldn’t be applicable to any company that has significant revenue and is conducting regular bank transfers.”

Tags

payments, infrastructure