Treasury Prime
Treasury Prime, formerly known as Ronin Financial Technology, is a fintech company based in San Francisco, offering advanced banking API solutions and embedded banking services.
Company Background
Treasury Prime, previously known as Ronin Financial Technology, is a fintech company headquartered in San Francisco, CA, with an entirely remote workforce comprising 100 members. The company operates in the banking and exchange sub-industry and is part of the W18 batch of Y-Combinator. Treasury Prime provides a comprehensive banking API platform designed to assist both fintechs and banks in creating modern financial products.
Services
Treasury Prime offers a range of enterprise-class embedded banking solutions. These services include money transfer, risk mitigation, and the integration of bank infrastructure. The company’s platform supports various account structures such as checking accounts, escrow accounts, IRAs, and HRAs. Additionally, Treasury Prime enables payment capabilities through ACH, wires, checks, and more. Customizable virtual and physical debit cards with mobile wallet functionality are available, catering to diverse banking requirements.
Products
One of Treasury Prime's notable products is its bank-direct offering, aimed at fostering the future of embedded banking partnerships. Their modular platform and extensive bank network support a variety of industries and banking needs. Treasury Prime's Partner Marketplace provides no-code access to top-tier compliance partners, enhancing operational ease for their clients. The company’s comprehensive banking API platform facilitates the creation of innovative financial solutions.
Recognition and Awards
Treasury Prime has gained significant recognition in the fintech industry. It was named the Best Banking-as-a-Service Platform by Tearsheet in both 2021 and 2022. Additionally, Treasury Prime secured a spot on CB Insights' annual 2021 Fintech 250 list, solidifying its position as a leading player in the sector.