“Can one API unify every money-movement rail — banks, cards, real-time, cross-border, and stablecoins — for enterprises that need to build payment products?”
Modern Treasury started as a payment operations platform providing an API and dashboard over corporate bank accounts (ACH, wire, RTP, FedNow) with automated reconciliation and a proprietary ledger. It has since expanded into cross-border/FX, lending infrastructure, and stablecoin (USDC) rails, positioning itself as unified payments infrastructure for both fiat and stablecoin money movement. The platform is used by embedded finance companies (e.g., Check for payroll) to launch products faster.
Modern Treasury has applied for a national trust bank charter for Modern Treasury National Trust Bank with the OCC. Status: application filed (2026-10-05).
Modern Treasury moves money over ACH, RTP, FedNow and Push-to-card.
Modern Treasury runs its ledger on Modern Treasury (in-house).
The Embedded Finance Index 2026 maps 3 layers in Modern Treasury's stack: Money movement (ACH, RTP, FedNow and Push-to-card); Ledger (Modern Treasury (in-house)); Lending (Lending infrastructure (loan origination, funding, servicing via ACH/wire/RTP/FedNow/USDC)).
Modern Treasury is founded in 2018 and headquartered in San Francisco, California, United States.
Modern Treasury has raised $183M in total (latest round: Series C, $135M).
Get a read on where your own stack stands against Modern Treasury and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.