Founded: 2016

Products: White-labeled front-ends covering Risk Management (FX, Commodities), Cash Visibility & Forecasting tailored to your bank and region and managed in the cloud.

Overview: TreasurUp is a Dutch Fintech company that provides commercial banks around the world with online solutions for their SME clients in the areas of Risk Management (FX, Commodities, and Trade Credit Insurance), Cash Visibility & Forecasting, Supply Chain Finance and Trade Finance.

Everything is based on integrated journeys and offered white-labeled to banks via web and/or mobile, and open banking and API services are at the core of the platform. The aim is to provide the industry with innovative solutions, managed cloud services, and bank and corporate treasury expertise.

TreasurUp operates under a ‘bank and fintech’ partnership model and today has a client list including Nordea, Société Générale, Rabobank, KBC, OP bank, LBBW and Sparkassen Group.

In May 2023, TreasurUp announced its partnership with TradeCrediTech (TCT). Within the partnership, TCT will manage an insurance integration platform through which banks can manage the trade credit insurance of their SME end-users, purchased through insurers. TreasurUp will offer the trade credit platform to certain banks and integrate in their online Commercial Banking portal.

Clients:  More than 8,000 corporate end-users that include mainly small-and medium sized companies and some large ones.

Active region(s): Worldwide

Partners: N/a

Employees: 40+ FTEs in five countries.

Funding: Series A funding after a spin-out of Rabobank in June 2021.

Ownership: Main shareholders are Rabobank Frontier Ventures and OFX (Midcap listed company in Australia)

Elevator pitch: “Everything we do at TreasurUp is to help banks improve their online commercial banking offering to their corporate small and medium-sized business (SMB). We firmly believe that banks can be more competitive and increase their value proposition in order to best serve their commercial SMB clients with a fully integrated customer journey in a flexible and fast way. We do this by delivering state-of-the-art, high secure, white-label front ends in the cloud and based on the latest technology.”

Website: www.treasurup.com

Phone: +31613381253

LinkedIn: TreasurUp

Email: [email protected]

TMI view: By offering light TMS functionality through a banking partner, with the look and feel of that bank maintained, TreasurUp has hit upon a new way of delivering connected treasury processes to the smaller-scale user. Expect the module list to expand as the firm spins-off from its current owners in 2021.

Verdict: Being entirely cloud-based and using open APIs makes this an interesting ‘light’ option for first-time TMS users or for firms with uncomplicated needs.