Modern Treasury builds payment operations software that helps businesses move and track money through APIs and dashboards. Its platform automates payment initiation, approvals, reconciliation, and bank integrations for faster money movement.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Modern Treasury shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
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Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
| Date | Round | PPS (split-adj.) | Valuation |
|---|---|---|---|
| May 2021 | Series C |
Modern Treasury says its proprietary ledger has powered $400 billion in payments for customers on its infrastructure. The company also said it passed $1 billion per month in reconciled volume in 2021, signaling meaningful usage growth.
Modern Treasury offers a single API into banks for wires, ACH, and real-time payments, plus automatic reconciliation and continuous accounting. The company says this workflow data can make it the system of record for a company’s money, raising switching costs over time.
Modern Treasury is positioned for companies that need to move, track, and reconcile money across finance, compliance, and engineering teams. One analysis describes the addressable opportunity as a “quadrillion dollar market,” reflecting the broad scale of global payment operations.
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No. As of March 2026, Modern Treasury is a private company and does not trade on any public stock exchange. Accredited investors can access Modern Treasury shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Modern Treasury does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Modern Treasury shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered more than $500M in alternative investments since 2019.
Pre-IPO investments carry significant risks. Modern Treasury shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Modern Treasury builds payment operations software that automates payment initiation, approvals, reconciliation, and tracking, and says its platform has powered $400B in payments; it reported $26.3M in 2024 revenue — accredited investors can access Modern Treasury stock through UpMarket.