Rabobank and OFX led a Series A funding round in TreasurUp.

Rabobank, an international financial services provider, and OFX, a cross border payments specialist, led a Series A funding round in TreasurUp. Additional investor includes COERA. “Banks around the world are challenged with new business models and technology for small and medium-sized corporate clients. TreasurUp aims to bring them back into the competitive arena with online services that are completely designed around SMEs. In order to do so, TreasurUp will expand its unique online foreign exchange hedging module but also develop new modules like liquidity management and cash flow forecasting. As a company TreasurUp can be much more competitive than under the umbrella of a bank,” Niels van Daatselaar, TreasurUp CEO and Co-Founder.