treasury
(14)
Monex USA and the price of waiting
An overseas invoice has two prices: the one on the page and the one the currency market decides. Monex USA helps businesses close the gap.
Bottomline
Transforming the Way Businesses Pay and Get Paid
Coba
Coba is a cross-border financial infrastructure company built for businesses moving money between the United States and Mexico. It started in 2023 as a dual-currency consumer account for Latin American remote workers earning in dollars, and has since pivoted to B2B: multi-currency accounts, CLABE-enabled Mexican peso accounts for US companies, sub-24-hour carrier settlements, and embedded FX rails routed through banking partners, SPEI, ACH, SWIFT, wires, and stablecoins. Its sharpest focus is the US-Mexico freight and logistics corridor, where brokers and carriers have long been underserved by slow, opaque cross-border banking.
Florin
Florin is a financial operating system for startups that brings banking, payments, cards, and treasury into a single account. Rather than reselling another bank's rails, the company is building the underlying infrastructure end to end, so money moves in real time on a single ledger it owns. Florin launched out of Y Combinator's Summer 2026 batch with an invite-only membership for venture-backed companies.
Levocred AI
Levocred AI is an AI-native operating system for structured credit teams. It ingests a fund's loan tape, credit agreements, servicer reports, and bank feeds, then automates the recurring analytical work that follows - borrowing base reports, real-time covenant monitoring, credit analysis and investment committee memos, lender packages, collections, and cash reconciliation. Founded in 2025 and backed by Y Combinator (S26), the company monitors more than $500M in capital across 10+ facilities in production.
M-DAQ Global
M-DAQ Global is a Singapore-headquartered fintech group building foreign-exchange and cross-border payment infrastructure that lets businesses transact across currencies with price clarity and rate certainty. Through a single API and a suite that spans FX pricing, guaranteed rates, collections, payments and treasury tooling, M-DAQ serves e-commerce marketplaces, securities exchanges, fintechs and corporates across dozens of markets, processing billions of dollars in cross-border transactions each year toward its stated goal of a 'world without currency borders.'
MoneyMatch
MoneyMatch is a Kuala Lumpur-based fintech founded in 2015 that moves money across borders faster and cheaper than traditional banks. Starting as a peer-to-peer currency exchange, it grew into a licensed money services business serving individuals, SMEs and financial institutions across Malaysia, Singapore, Brunei, Hong Kong, Australia and New Zealand. It uses digital eKYC, machine learning treasury tools and blockchain rails - including Ripple - to settle payments in dozens of currencies, and is now an equity partner in Malaysia's KAF-led Islamic digital bank.
Conduit
Conduit is a stablecoin-powered cross-border payments network for businesses. Through a single API it connects banks, local payment rails, and blockchains so companies can move money internationally faster and cheaper than legacy systems like SWIFT. Founded in 2021 by Kirill Gertman and Michael Gregson, the company processes more than $10 billion in annualized payment volume and raised a $36 million Series A in May 2025.
VelaFi
VelaFi is a stablecoin-powered financial infrastructure platform that helps enterprises move money across borders quickly and at lower cost. Built out of TruBit Business, the B2B unit of Galactic Holdings, VelaFi connects local banking rails, cross-border networks and major stablecoin protocols to offer on/off-ramps, pay-ins and pay-outs, multi-currency accounts, FX and treasury tools - delivered directly or through developer-first APIs. With roots in Latin America and operations across the U.S., Hong Kong and Singapore, the company says it has served hundreds of institutional clients and processed billions of dollars in payment volume. In January 2026 it raised a $20M Series B led by XVC and Ikuyo.
Ramp
Ramp is a finance operations platform that combines corporate cards, expense management, bill pay, procurement, travel, treasury and accounting automation into one system. Built to save businesses time and money, it uses AI to cut manual finance work, enforce spend controls, and surface savings. Founded in 2019 by Harvard friends Eric Glyman, Karim Atiyeh and Gene Lee, Ramp serves 70,000+ organizations and reached a $44B valuation in June 2026.
Panax
Panax is an AI-native cash management platform that unifies bank and ERP data into a single live financial picture for lean finance and treasury teams. Built by finance professionals, it automates the manual grind of cash categorization, forecasting, reconciliation and reporting while keeping the finance team as the final decision maker. Panax targets mid-market and large companies in traditional industries - manufacturing, logistics, real estate - that have complex treasury needs but no army of treasury analysts.
Mercury
Mercury is a San Francisco fintech that builds banking and financial software for startups and growth-stage companies. Through partner banks, it offers FDIC-insured checking and savings, corporate cards, treasury, venture debt, bill pay, and an API - aimed at founders who would rather not call a branch manager.
Every
Every is an all-in-one back-office platform for startup founders, bundling free incorporation, business banking, corporate cards, treasury, payroll, HR, benefits, bookkeeping, and taxes into a single dashboard. Founded in 2021 by Rajeev Behera and Barry Peterson and headquartered in San Francisco, the company raised a $22.5M Series A led by Redpoint Ventures in September 2024 to keep replacing the patchwork of tools that consume founders' time.
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.