# Modern Treasury

> Modern Treasury is a San Francisco software company that builds payment operations infrastructure for businesses moving money at scale. Its API-first platform connects directly to banks and unifies ACH, wire, RTP, FedNow, and stablecoin rails behind one developer-friendly interface, with a real-time ledger and automated reconciliation built in. Founded in 2018 by three engineers who lived through the pain firsthand at a mortgage marketplace, the company has powered hundreds of billions of dollars in payments for customers like Gusto, Marqeta, Navan, ClassPass, and Procore.

- **Founded:** 2018
- **Headquarters:** San Francisco, United States
- **Founders:** Dimitri Dadiomov (Co-founder, President (previously CEO)), Matt Marcus (Co-founder, CEO (previously CPO)), Sam Aarons (Co-founder, CTO)
- **Team size:** Approximately 190 employees
- **Products:** Payments, Ledgers, Reconciliation Engine, Virtual Accounts, Professional Services
- **Notable:** Powered hundreds of billions of dollars in payments across customer base, Reached $2B+ valuation in 2022 within four years of founding, Among the first software platforms to offer FedNow and RTP origination via API

## Products & services

- **Payments** — One API for ACH, wire, RTP, FedNow, book transfers, checks, and stablecoins across a global bank network.
- **Ledgers** — A purpose-built, double-entry ledger that records balances and transactions in real time, designed to scale with high-volume fintechs.
- **Reconciliation Engine** — Automatically matches expected and actual transactions against bank data, flagging exceptions for review.
- **Virtual Accounts** — Programmable sub-accounts for routing customer or counterparty funds without opening new bank accounts.
- **Professional Services** — Implementation and advisory work to migrate enterprises off legacy treasury systems.

## Achievements

- Powered hundreds of billions of dollars in payments across customer base
- Reached $2B+ valuation in 2022 within four years of founding
- Among the first software platforms to offer FedNow and RTP origination via API
- Built one of the most-cited engineering blogs in fintech infrastructure

## Latest updates

- **2025** — Leadership transition: Matt Marcus stepped into the CEO role; Dimitri Dadiomov shifted to President.
- **2024** — Expanded stablecoin and instant-payments support across the platform.
- **2023** — Launched FedNow support shortly after the Federal Reserve's instant-payments network went live.
- **2022-03** — Closed a $50M Series C extension led by SVB Capital and Salesforce Ventures at a $2B+ valuation.

## Links

- Website: https://www.moderntreasury.com
- LinkedIn: https://www.linkedin.com/company/modern-treasury
- Twitter/X: https://twitter.com/ModernTreasury
- GitHub: https://github.com/Modern-Treasury
- YouTube: https://www.youtube.com/@ModernTreasury
- Facebook: https://facebook.com/moderntreasury/

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Profile page: https://yespress.io/modern-treasury
Published by YesPress — https://yespress.io
Last updated: 2026-05-19