Treasury

Treasury is a New York-based venture capital firm founded in 2020 by Eli Broverman, co-founder of Betterment, and Jeff Cruttenden, co-founder of Acorns. The firm specializes in early-stage investments in the financial services and technology sectors across the United States. Treasury's mission is to support ambitious fintech builders globally, providing funding to companies modernizing financial services.

The firm's investment strategy focuses on high-growth companies with strong financial potential, primarily in the seed and Series A stages. Treasury has invested in various fintech sectors, including payment processing, insurance technology, and financial infrastructure. Notable portfolio companies include Andela, April, Ballerine, Bolttech, and Brankas.

Treasury's founders bring extensive experience in the fintech industry, having previously built and scaled companies that have significantly impacted modern finance. Their approach emphasizes backing bold fintech builders who are redefining their categories with new infrastructure and tooling, aiming to drive innovation and growth in the financial services sector.