Treasury Prime trims workforce amid strategic pivot to focus on direct-to-bank partnerships
The pivot comes a year after the firm completed a $40 million Series C fundraising round.
The pivot comes a year after the firm completed a $40 million Series C fundraising round.
Grasshopper and Treasury Prime are thriving at a time when so many neobanks and BaaS providers are struggling.
With the funding, Treasury Prime plans to build out its solution and develop new products and services.
Bangor Savings Bank says the partnership will expand its revenue opportunities.
The firm anticipates a rise in demand for its services in 2021.