Public announced the acquisition of Treasury App, an investing education platform focused on long-term investing and financial education communities. Financial terms of the transaction were not disclosed.
As part of the acquisition, Treasury App Co-Founder Elias Rothblatt will join Public as Senior Director of Operations, where he will focus on helping build AI-driven investing capabilities across the brokerage platform.
Public said the acquisition supports its strategy of developing what it describes as an “Agentic Brokerage,” combining artificial intelligence tools with access to multiple asset classes, including stocks, bonds, crypto, and options.
Treasury App was founded by Elias Rothblatt and Ivar Vong and built an investing education platform serving finance creators and their communities. The company said more than 40,000 people have used Treasury’s platform to learn about long-term investing, with members collectively investing more than $100 million.
Under the transaction, Treasury customers will transfer their accounts and assets to Public, while creator-led educational communities hosted on Treasury will migrate to other platforms to continue providing educational content and live community programming.
Public said Treasury users who prefer not to transfer their accounts will have the option to transfer their assets to another brokerage firm or liquidate holdings and withdraw cash.
Public launched in 2019 and said it has been entrusted with billions of dollars in investor assets while raising more than $400 million from investors, including Accel and Tiger Global.
Treasury previously raised approximately $2.5 million from investors, including Bloomberg Beta and Canaan.
KEY QUOTES:
“Elias and his team built a strong foundation around long-term investing and education, and we’re excited to welcome those investors to Public. With Elias joining our team, this is an important step as we continue building a more intelligent, AI-driven brokerage experience that expands what investors can access and how they invest.”
Stephen Sikes, COO, Public
“Treasury has always been about empowering investors through education and great tools. Once I got to know the Public team and saw their roadmap, joining forces just made sense. I’m excited for our customers to join Public, get access to the best AI investing tools I’ve seen, and for us to apply what we learned at Treasury to Public’s entire community.”
Elias Rothblatt, Co-Founder, Treasury App
