Deals
Modern Treasury’s Valuation Tops $2 Billion After Altimeter Financing
- Altimeter leads $85 million investment in payments startup
- Benchmark-backed Modern Treasury focuses on bank payments
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Payments software provider Modern Treasury said it’s valued at more than $2 billion after a funding round led by Altimeter Capital.
The $85 million investment also included existing investors Benchmark and Quiet Capital, giving the San Francisco-based startup a big jump in its valuation. Modern Treasury was valued at around $300 million at the beginning of the year, according to co-founder and Chief Executive Officer Dimitri Dadiomov.