Dutch Financial Services Group Rabobank to Spin Off Fintech TreasurUp with Assistance from Australia's OFX
Rabobank, a Dutch multinational banking and financial services group, has reportedly decided to spin off its TreasurUp initiative via a Series A round with assistance from Australia’s cross-border payments Fintech OFX. Coera have decided to co-invest. TreasurUp, which is a graduate of Rabobank’s Moonshot innovation campaign, offers white labeled online treasury services to around 6,000 clients of seven global banks. The company has implemented different ways of online foreign exchange hedging such as fully automated workflows and connections with a firm’s bookkeeping platform. It is a...