Bracket, an AI-powered FX, treasury, and cash management platform for mid-market businesses, has raised $7 million in seed funding to accelerate international expansion and product development following a year of rapid growth.
The round was led by Macquarie Group’s Commodities and Global Markets business and Blackfinch Ventures, with participation from existing investor Failup Ventures.
The London-based company is targeting rising demand for modern treasury infrastructure among mid-market companies, many of which continue to rely on spreadsheets and manual processes to manage FX exposure, cash visibility, and bank connectivity. Bracket’s AI-powered platform centralizes bank accounts, automates FX workflow,s and delivers real-time treasury intelligence without the cost or complexity associated with legacy systems.
The funding follows what the company described as a landmark year. In 2025, Bracket reported 600% year-over-year revenue growth and onboarded major financial institutions and corporates. The new capital will support continued product development and geographic expansion, including opening new offices in Europe and Australia and doubling headcount over the next 12 months.
Bracket has also introduced a bank distribution model, licensing its platform to global banks and financial institutions to help them serve mid-market clients with modern treasury technology.
The company was founded in 2024 by FX and treasury industry veterans Alex Charles, Pierre Anderson and Martin Lee, after decades of experience working with finance teams managing manual processes. Charles and Anderson previously scaled major global FX divisions.
KEY QUOTES:
“Mid-market companies are being held to the same standard as the biggest corporates but they don’t have access to the same tools, leaving many to struggle with outdated systems and processes. Bracket automates that operational layer using AI to give teams real-time visibility and control over bank data and key information, all within one platform. This funding allows us to continue on our growth trajectory and scale our products internationally.”
Pierre Anderson, Co-CEO And Co-Founder Of Bracket
“After decades working across global financial institutions and large corporates, we identified a shared technology gap holding both back. Corporates relied on fragmented, manual treasury processes, while legacy systems were outdated, clunky, and costly to maintain. At the same time, financial institutions lacked the tools to manage FX portfolios and deliver tailored strategies at scale. Our platform solves both challenges, automating corporate treasury operations and enabling institutions to deliver high-quality FX portfolio management, client engagement, and strategic insight through a single, integrated solution.”
Alex Charles, Co-CEO And Co-Founder Of Bracket
“Macquarie is pleased to back Bracket with both financial and strategic support as it builds an AI-native treasury platform for mid-market businesses. The team has vast experience and have created a highly valuable tool that helps process fragmented financial data with real-time visibility, automation, and control. The Bracket platform enables us to service our customers more efficiently, and we’re excited to support the next stage of its growth.”
Tom Haigh, Managing Director At Macquarie Group
