London based Bracket has secured $7 million in seed funding to accelerate the growth of its FX, treasury and cash management platform aimed at mid market businesses. The round was led by Macquarie Group’s Commodities and Global Markets business and Blackfinch Ventures, with continued backing from existing investor Failup Ventures. The investment reflects rising demand for modern treasury infrastructure as mid market companies face increasing complexity in managing cash, currency risk and banking relationships.
A growing gap in treasury technology
Across Europe and beyond, many mid market companies are expected to operate with the same financial discipline as large corporates. However, they often lack access to the sophisticated treasury tools used by enterprise finance teams. As a result, critical processes such as cash visibility, FX exposure management and bank connectivity are still handled using spreadsheets, email chains and manual reconciliations.
These approaches are not only time consuming but also increase operational risk, particularly in volatile currency environments or when companies operate across multiple geographies. As regulatory requirements and stakeholder expectations rise, finance teams are under pressure to deliver better reporting, tighter controls and faster decision making with limited resources.
Built by treasury insiders
Bracket was founded in 2024 by Alex Charles, Pierre Anderson and Martin Lee, all of whom bring deep experience from the FX and treasury industry. The founding team set out to build a platform designed specifically for the realities of mid market finance teams, rather than adapting enterprise tools that are often complex, expensive and difficult to implement.
The company’s AI enabled platform centralises bank accounts across multiple institutions, automates FX workflows and provides real time insights into cash positions and treasury risk. By bringing these capabilities into a single system, Bracket aims to reduce reliance on manual processes while improving accuracy, control and visibility for finance leaders.
Automation and real time insight
At the core of Bracket’s offering is automation. The platform connects directly to bank data, enabling finance teams to monitor balances, execute FX transactions and manage treasury operations without switching between systems. AI driven workflows help streamline routine tasks, allowing teams to focus on higher value activities such as forecasting, risk management and strategic planning.
According to Pierre Anderson, Co CEO and Co founder of Bracket, mid market companies are often held to enterprise level standards without being given the right tools to meet them. He noted that Bracket was designed to automate treasury operations and give finance teams real time visibility and control over their bank data within a single, intuitive platform.
A bank first distribution strategy
In addition to selling directly to corporate customers, Bracket has developed a bank distribution model that licenses its technology to global banks and financial institutions. Through this approach, banks can offer modern treasury tools to their mid market clients without building the infrastructure themselves.
This model positions Bracket not just as a fintech serving corporates, but also as an enabling layer for banks looking to modernise their treasury and cash management offerings. It also allows the platform to scale more quickly by leveraging existing bank relationships and distribution networks.
Fueling international expansion
The new funding will be used to accelerate product development and support Bracket’s next phase of growth. The company plans to expand its team over the coming year and open new offices in Europe and Australia, reflecting its ambition to serve mid market businesses operating across multiple regions.
As currency volatility, regulatory complexity and operational expectations continue to rise, demand for integrated treasury solutions is expected to grow. With fresh capital and a focus on automation, real time insight and bank partnerships, Bracket is positioning itself to become a core piece of financial infrastructure for the mid market.