Press release: Cash investment platform TreasurySpring hits $350bn in flows

[2nd February, London] TreasurySpring, the global cash investment platform, backed by Balderton, MMC and Mubadala Ventures, today announced flows totalling $350bn since inception.

In the period since the business last raised funds in summer 2023, flows have seen an uptick of 266% on previous years, covering 1000+ products. The surge reflects growing demand for short-term, capital-secure returns against a backdrop of continued focus on operational excellence and scrutiny of traditional stores of liquidity. 

TreasurySpring now serves 800+ clients in the UK, US, and European markets, covering 28 jurisdictions, and across 8 currencies supported through 1000+ Fixed-Term Funds (FTFs). 

This news forms part of a sustained period of growth following a $29m Series B raise, in 2023, bringing the total funding to $42 million for the London-headquartered fintech, achieving significant leaps forward across all parts of its operations. This progress has been set against a backdrop of broader economic and geo-political instability. 

Highlights:

Record flows and accelerating client adoption

• Achieved $350bn in flows since inception
• Expanded client base to 800+ institutions across 28 jurisdictions.

• A higher interest rate environment
• Counterparty diversification
• Growing appetite for secured, short-dated investments
• Increased diversification away from MMFs and unsecured bank deposits

Landmark partnership expands access to secured funding markets

• Announced a new partnership with Eurex Clearing and Clearstream, enabling clients to take advantage of next-day maturity-matched, centrally cleared repo for the first time.
• Opened access to a secured funding market previously reserved for major global banks and institutional investors, significantly expanding the quality and security of available short-term investment options. 
• Enhanced transparency, risk mitigation and operational efficiency for clients seeking alternatives to traditional liquidity products.
• Strengthened TreasurySpring’s position as a leading provider of institutional-grade cash investment infrastructure.

Continued expansion of issuer universe

• Added 120+ new issuers to the platform, including leading global financial institutions such as DBS and Eurex.
• Product range now spans government, corporate and repo markets across 8 currencies.

Strengthened platform capabilities and integrations

• Launched a public API to streamline connectivity and support enhanced reporting and data access.
• Completed three integrations with leading treasury management systems: Atlar, Hazeltree and Kyriba, improving workflow automation and execution efficiency for enterprise clients.
• Released a mobile app on iPhone and Android, enabling real-time, on-the-go access to holdings and treasury workflows.
• Introduced a Currency Conversion feature, allowing seamless and transparent spot FX across 8 currencies (including USD, EUR and GBP) within the platform.
• Delivered 1,000+ products across repo, government and corporate offerings.

Building US presence

• Opened a New York office in early 2025 with a team of six.
• Expanding North American distribution, institutional partnerships and client servicing capability.

Growing senior leadership

• Made a series of senior appointments, including:
  • Sashi Dias Valtz (formerly: Goldman Sachs, Coinbase) as Chief Commercial Officer
  • Tom Ryan (formerly: Anthemis, Barclays) as Head of Global Partnerships
  • Nick Protheroe (formerly: State Street, ayondo) as Head of Client Success
  • Chris Brook (formerly: Finbourne, Modulr) as VP Engineering
• Strengthening commercial, partnerships and technology capacity to support the next phase of scale.

Kevin Cook, CEO and Co-Founder of TreasurySpring, commented:

“Over the last several years we have built the infrastructure to provide best-in-class treasury investment capabilities to all businesses, no matter their size, sector or currency preference.

“The successes we’ve enjoyed recently are testament to the uniqueness of our infrastructure, the desirability of our products and our relentless focus on delivering new capabilities that benefit those seeking alternatives to deposits and Money Market Funds.

“With an established base in the US, a growing senior team and continued product innovation, the next phase of our growth is set to be the most exciting yet.”

Media enquiries

Headland Consultancy

Izzy Garnon / Joe Hill treasuryspring@headlandconsultancy.com

About TreasurySpring 

Founded in 2016, TreasurySpring is a ground-breaking platform revolutionising institutional cash investment. TreasurySpring makes it easy for institutions ranging from large public companies and leading fund managers to SMEs and scale-ups to access a simple and secure platform for their excess cash. TreasurySpring has built the underlying infrastructure to enable 800+ institutions to choose from a universe of cash investment products, from repo to government and corporate offerings across eight different currencies, all through a single digital onboarding.