Modern Treasury’s payment operations platform enables companies to instantly close books with continuous accounting, manage payments via dashboard or API, and automatically reconcile cash across multiple bank accounts. Through a referral agreement, SVB and Modern Treasury will provide mutual clients with seamless access to process payments directly through their SVB bank accounts, enabling users to send, receive, reconcile and approve payments using SVB’s broad set of domestic and international payment methods and currencies.

"We are thrilled to partner with a bank like SVB that sits in the heart of the tech industry and has been partnering with the most exciting technology companies for decades," says Matt Marcus, Modern Treasury CPO and co-founder. "Together, we look forward to modernizing the payment operations function for shared customers through our simple, scalable and secure platform.”

“Innovative companies need financial services and products that allow them to work at full speed and focus on growing their businesses,” said Kathleen Pierce Gilmore, Head of Global Payments at Silicon Valley Bank. “This integration increases efficiency and provides transparency into the full payments process as well as specialized banking services tailored to fast-growth companies.”

"Working with SVB and Modern Treasury from the start has been a game changer for us,” said Aleksander Koenig, CEO and founder of Settle. “Not only are they some of the highest caliber people I've worked with, their tech stack has made it possible for us to grow 1,000x with ease. Any fintech should consider working with them, full stop."