Modern Treasury

Embedded Payments

One API for multi-rail payments (ACH, wires, RTP, FedNow, stablecoins) with a built-in double-entry ledger.

Overview

Modern Treasury is a payment operations platform and financial infrastructure provider that enables software companies, fintechs, and enterprises to move, track, and reconcile money programmatically. The platform exposes a single REST API covering ACH (standard and same-day), domestic wire transfers, RTP, FedNow, push-to-card, and stablecoins, with SWIFT listed as coming soon. By routing through a network of pre-integrated banks — including JPMorgan Chase, Bank of America, Goldman Sachs, Wells Fargo, Cross River, and more than two dozen others — Modern Treasury eliminates the months-long work of direct bank onboarding. Customers can start with Modern Treasury's integrated PSP and later migrate to a direct bank relationship without changing their API integration. At the core of the platform is a proprietary, immutable double-entry ledger (the Ledgers product) that records every debit and credit in real time, enforces balance consistency with concurrency controls, supports up to five levels of account hierarchy, and auto-reconciles ledger balances against bank statement balances. This ledger infrastructure powers digital wallets, card programs, investment platforms, omnibus/FBO account management, and marketplace split-payment flows. Built-in compliance capabilities include KYB/KYC for end users, AML checks, sanctions screening, and ongoing transaction monitoring — meaning platforms typically do not need their own money transmission licenses for US rails. Modern Treasury targets software platforms at growth and enterprise scale in healthcare, payroll, real estate, marketplaces, financial services, and B2B payments. The platform has processed over $400 billion in payments at 99.99% uptime. The Goldman Sachs Transaction Banking partnership (announced September 2022) offers joint clients an integrated software-and-bank solution targeting mid-market companies digitizing embedded payments. Pricing is usage-based (per-rail transaction fees) and scales with volume; exact rates are negotiated, not publicly published.

Key features

• Multi-rail payments: ACH, same-day ACH, wires, RTP, FedNow, push-to-card, stablecoins
• Double-entry financial ledger with real-time balance tracking
• Built-in KYB/KYC, AML, and transaction monitoring
• Auto-reconciliation and return management
• 29+ pre-integrated US bank connections
• Programmable accounts and wallet infrastructure

Vertical focus

fintech, marketplaces, healthcare, saas, b2b, gig_economy, real_estate, horizontal

Notable customers

Procore, Navan, ClassPass, Anchorage Digital, Masterworks

At a glance

Scored against the published rubric. See our editorial policy.