Spokane-based fintech startup Treasury4 Inc. has become part of the U.S. Bank Connected Partnership Network, opening the door for increased growth and visibility, says Treasury4 chief analytics officer Nathan Brown.
Launched last year, the U.S. Bank Connected Partnership Network is an online marketplace of third-party payment and treasury services fully integrated with U.S. Bank systems. The network is designed to help corporate treasury teams identify and adopt technology connected with the bank, such as Treasury4’s platform of financial tools.
“The partnership opens us to any large organization, companies, and governments that bank with U.S. Bank,” Brown says.
Mutual customers of Treasury4 and U.S. Bank will be able to automate the entry of cash balances and transaction data, as well as any investments held with U.S. Bank into Cash4, Treasury4’s cash-management product, Brown says.
The partnership is an exciting one for U.S. Bank as well, Brown contends. In the coming weeks, Treasury4 will host a joint webinar with U.S. Bank to talk about how complex organizations can use application programming interfaces, colloquially referred to as APIs, through U.S. Bank.
Alberto Casas, head of global treasury management products at U.S. Bank, says in a press release that the partnership with Treasury4 will deliver a range of financial capabilities for customers.
“Integrating our banking and payment capabilities into the software applications that businesses use every day elegantly simplifies the experience for their end users,” Casas says.
The partnership with U.S. Bank is just the start, Brown asserts. “In the future, we’ll be doing this with more banks.”
As reported by the Journal of Business, Treasury4 was established in 2020 as a fintech company offering tools and software for finance and treasury professionals. Last year, the startup raised $20 million in series A funding, the largest sum secured by any Spokane startup in 2023.
The company’s offices occupy the entire third floor of the historic Wonder Building at 835 N. Post, in Spokane’s North Bank neighborhood. It expects to grow to a 70-person workforce by year-end from a current staff of about 52.