London Fintech Bracket Raises $7 Million to Revolutionise Treasury and FX Management

Bracket, a London-based fintech startup focused on AI-powered treasury, FX and cash management, has successfully raised $7 million in a seed funding round to accelerate product development and global expansion. The round was led by Macquarie Group’s Commodities & Global Markets business alongside Blackfinch Ventures, with participation from existing backer Failup Ventures and other early investors.

Bracket’s platform is aimed at mid-market and high-growth businesses, helping finance teams centralise bank account data, automate foreign exchange workflows and gain real-time visibility into their cash positions — challenging the widespread reliance on spreadsheets and other outdated manual processes. Founded in 2024 by FX and treasury industry veterans, the company has seen rapid traction as demand grows for modern, integrated treasury tools that improve operational efficiency and reduce risk.

The fresh funding will fuel international expansion, with plans to open new offices in Europe and Australia, double the team over the next 12 months and further develop AI-enabled features that provide actionable insights into currency exposure, liquidity and bank connectivity.

Key Highlights

• $7 million seed raise led by Macquarie Group and Blackfinch Ventures.
• AI-powered platform: Centralises bank accounts, automates FX workflows and provides real-time treasury insights.
• Target market: Mid-market and high-growth companies increasingly seeking modern treasury tools.
• Rapid traction: Significant early growth following launch in 2024.
• Growth plans: Expansion into Europe and Australia and doubling employee headcount.

What Bracket Does and Why It Matters

Many mid-market companies still rely on spreadsheets and manual FX processes to manage treasury operations — leaving finance teams exposed to errors, blind spots in cash visibility and inefficiencies in foreign exchange executions. Bracket’s AI-enabled platform is designed to remedy these pain points by connecting multiple bank accounts, automating FX workflows and delivering real-time cash and risk intelligence within a unified system.

This matters because mid-market firms are increasingly expected to operate at the same financial sophistication as larger corporates — yet often lack access to scalable tools that can support modern treasury, risk and FX management. Bracket’s platform helps level the playing field by offering automation, data centralisation and actionable treasury insights without the need for costly legacy systems.

Additionally, Bracket’s licensing model for banks and financial institutions allows these partners to offer advanced treasury tools to their own mid-market clients, creating new revenue streams and bolstering competitive offerings in the corporate banking space.

Growth Strategy and Global Expansion

The seed funding will support multiple growth initiatives:

• Product development: Enhancing AI and automation features for treasury and FX workflows.
• Geographic expansion: New offices planned across Europe and Australia to better serve global clients and partners.
• Team expansion: Doubling headcount to accelerate engineering, sales and support efforts.
• Partnerships: Strengthening distribution through bank and financial institution licensing.

CEO and co-founder Pierre Anderson emphasised that many mid-market firms “are expected to meet the same standards as the biggest corporates but they don’t have access to the same tools,” and that Bracket’s mission is to bring **modern treasury technology to the companies that need it most.”

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