Bracket, a London-based fintech focused on modernizing treasury operations for mid-market companies, has closed a $7 million seed funding round led by Macquarie Group and Blackfinch Ventures, with existing investor Failup Ventures increasing its commitment. The company said the capital will be used to accelerate its mission of delivering AI-native treasury infrastructure designed specifically for mid-sized finance teams that have historically relied on fragmented systems and manual processes.
Treasury functions in the mid-market segment have long faced operational inefficiencies, according to Bracket. Cash visibility is often dispersed across multiple banking relationships, foreign exchange exposure is tracked in spreadsheets, and finance teams frequently juggle portals and disconnected workflows to answer fundamental questions about liquidity and risk.
Bracket aims to address these challenges by consolidating cash visibility, bank connectivity, and FX risk management into a single platform built to handle multi-entity, multi-bank, and multi-currency complexity.
The round is described as strategic, with Macquarie Group providing not only capital but also a commercial partnership as Bracket expands its connectivity footprint and accelerates product development.
With the new funding, Bracket plans to scale its cash management capabilities, broaden bank and institutional connectivity across additional regions and currencies, and further develop automated FX exposure capture and automation tools. The company is also investing in AI-assisted multi-currency forecasting and continuing to grow its private markets offering.
Bracket said it will continue working closely with finance leaders seeking real-time cash visibility, treasury intelligence, and disciplined FX risk management, as well as banks and financial institutions exploring ways to modernize their treasury services.
