Standard Treasury
Banking APIs; acquired by Silicon Valley Bank in August 2015
What they do
Banks lack modern developer-friendly infrastructure to let customers and third parties automate treasury management and accounting workflows efficiently.
A platform providing white-labeled/co-branded banking APIs and hosted developer portals that banks can offer to developers and corporate customers.
Banks and their corporate customers and developers who need to integrate and automate treasury and payment operations.
Founders
S13 founder of Standard Treasury, one of the first banking API platforms. Pre-IPO at Facebook and Uber. More recently focused on AI, angel investing, coaching.
Zac Townsend is the CEO of a new seed-stage startup. Previously, he was a leader in McKinsey’s banking practice. He was the inaugural Chief Data Officer of California and built the banking startup Standard Treasury (YC S13), which he ultimately sold to Silicon Valley Bank. He is a published statistician and his writing has appeared in the American Banker, Financial Times, San Francisco Chronicle, San Francisco Examiner, San Jose Mercury News, Slate, and TechCrunch.
Company timeline
- Founded2013
- YC batchSummer 2013
- StatusAcquired
- LocationSan Francisco, CA, USA
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