Bracket provides AI-enabled FX, treasury, and cash management tools for mid-market businesses, helping finance teams automate workflows, centralise bank data, and gain real-time visibility across their treasury operations.
London-based Bracket, an FX, treasury, and cash management platform for mid-market businesses, has raised $7 million in seed funding. The round was led by Macquarie Group’s Commodities and Global Markets business and Blackfinch Ventures, with participation from existing investor Failup Ventures.
Demand for modern treasury infrastructure has grown among mid-market companies, many of which continue to rely on spreadsheets and manual processes to manage FX exposure, cash visibility, and bank connectivity. These limitations have increased the need for more integrated and automated solutions.
Founded in 2024 by FX and treasury industry leaders Alex Charles, Pierre Anderson, and Martin Lee, Bracket was established to address these challenges. The company’s AI-enabled platform centralises bank accounts, automates FX workflows, and provides real-time treasury insights, reducing reliance on manual processes that still dominate many finance teams’ operations.
In addition to serving corporate clients directly, Bracket has developed a bank distribution model, licensing its platform to global banks and financial institutions to help them deliver modern treasury tools to their mid-market customers.
Commenting on the funding, Pierre Anderson, Co-CEO and Co-founder of Bracket, said that mid-market companies are often expected to meet the same standards as large corporates without access to equivalent tools, leaving many dependent on outdated systems. He explained that Bracket’s platform automates treasury operations using AI and provides finance teams with real-time visibility and control over bank data within a single system.
The new investment will support further product development and Bracket’s next phase of growth, including plans to open offices in Europe and Australia and expand its workforce over the coming year.