Bracket closes $7M round to expand treasury intelligence platform

Bracket, a London-based company specializing in FX, treasury, and cash management for mid-market businesses, has successfully closed a $7 million seed funding round. This significant investment, led by Macquarie Group’s Commodities and Global Markets business and Blackfinch Ventures, with participation from existing investor Failup Ventures, underscores a growing demand for advanced financial technology solutions within the mid-market segment. The funding signifies a strong vote of confidence in Bracket's mission to modernize treasury operations. The core of Bracket's offering is its AI-enabled platform, designed to centralize bank accounts, automate foreign exchange workflows, and provide real-time treasury insights. This addresses a critical gap for mid-market companies that often rely on outdated spreadsheets and manual processes for crucial functions like FX exposure management and cash visibility. Bracket's solution aims to bring the sophistication of treasury tools previously only accessible to larger corporations to a wider business audience. This investment will fuel Bracket's expansion, supporting further product development and strategic growth initiatives. Notably, the company plans to establish new offices in Europe and Australia and bolster its workforce. Beyond serving corporate clients directly, Bracket is also pursuing a bank distribution model, licensing its platform to global financial institutions to empower them in offering modern treasury tools to their own mid-market clientele, thereby enhancing European financial infrastructure.