GTreasury Acquisition, Valuation, Funding & Investors

GTreasury was acquired by Ripple for $1B in October 2025.

GTreasury acquisition price

$1B

Acquired by Ripple · Oct 2025

Cumulative funding GTreasury raised

$42M

across 1 funding round

Key investors in GTreasury

  • Mainsail Partners

GTreasury Overview

About GTreasury

GTreasury is a treasury management platform connecting banks and ERPs for liquidity management, cash forecasting, payments, risk analysis, and netting. Chicago-headquartered with offices in London, Geneva, Dublin, Sydney, Singapore, and Manila, it supports operations across 160 countries through GSmart AI enhancements and rapid implementations.


Founded

1986

HQ

United StatesChicago, IL

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Valuation

$1B (acquired Oct 2025)

GTreasury Acquisition

GTreasury was acquired by Ripple for $1B on 16 October 2025.

Before the acquisition GTreasury had raised $42M across 1 funding round.

GTreasury, a Chicago-based provider of treasury management systems since 1986, offers a comprehensive platform for liquidity management, cash forecasting, payments, netting, and risk management, powering trillions of dollars in annual payment volumes for over 1,000 customers across 160 countries, including Fortune 500 firms like American Airlines, Goodyear, and Volvo. Ripple, a leading provider of digital asset infrastructure for enterprises, acquired GTreasury for $1 billion on October 16, 2025, marking its third major deal that year after Hidden Road ($1.25 billion prime brokerage) and Rail ($200 million stablecoin platform). The transaction enables Hg Capital, which invested in 2023 and accelerated GTreasury's AI innovations like GSmart AI, to fully exit alongside minority investor Mainsail Partners, valuing HgT’s stake at approximately £30 million. The strategic rationale combines GTreasury's four decades of compliant treasury expertise in risk management, FX solutions, and regulatory frameworks with Ripple's global network, real-time payments, and digital asset capabilities to activate capital in the digital economy. Post-acquisition, customers gain access to real-time 24/7 cross-border payments, repo market opportunities via Hidden Road for yield on short-term assets, and digital asset yield platforms, targeting the multi-trillion dollar corporate treasury market amid rising demand for real-time liquidity and blockchain integration. The deal, subject to regulatory approvals, is expected to close in the coming months, positioning Ripple to serve CFOs at major corporations with integrated solutions for moving, managing, and optimizing liquidity.

GTreasury acquisition details
AcquirerDateTypePrice
16 Oct 2025Strategic M&A$1B

GTreasury Funding History

GTreasury has raised a total of $42M across 1 funding round.

GTreasury funding rounds

GTreasury funding rounds
DateStageInvestorsRaisedDeal Summary
Oct 2017Undisclosed stageMainsail Partners (lead)$42MGTreasury, founded in 1986 by Orazio Pater and his wife Peg, is a treasury management software provider that centralizes banking activities and financial instruments tracking to help enterprises manage cash, liquidity, risk, and exposures. The platform offers real-time insight into business liquidity and automates treasury tasks across payment management, cash forecasting, netting, and risk monitoring. In October 2017, the company secured a $42 million investment from Mainsail Partners, marking its first institutional funding round despite three decades of organic growth. The investment was used to expand internationally, accelerate product development, enhance customer service, and support succession planning, with Orazio Pater transitioning to Executive Chairman and Renaat Ver Eecke being hired as CEO. The funding also enabled the opening of GTreasury's first international office in London. The company subsequently attracted further investment, with Hg acquiring a majority stake in May 2023, and was ultimately acquired by Ripple in October 2025 for approximately $1 billion, representing significant value creation from the 2017 Mainsail investment.

Who has invested in GTreasury?

1 investor has backed GTreasury across its funding rounds, including Mainsail Partners.

Lead investors include Mainsail Partners.


GTreasury Investors

Investors in GTreasury by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by GTreasury

GTreasury has acquired 5 companies to date.

Last acquisition by GTreasury was on January 6th 2026. GTreasury acquired SolveXia Pty Ltd for undisclosed valuation.


Latest Acquisitions by GTreasury

SolveXia Pty Ltd
CashAnalytics
Coprocess
Hedge Trackers
Description
SolveXia is an Australia-based automation platform delivering no-code solutions for compliance, onboarding, and workflow optimization across financial services, healthcare, and retail sectors.
CashAnalytics is a Dublin-headquartered fintech company offering cloud-based cash forecasting software for multinational corporations with complex structures across subsidiaries. The platform aggregates data from ERP systems such as SAP and Oracle, delivering consolidated forecasts and variance analysis to treasury teams. It serves major clients including Siemens, Airbus, Unilever, and Vodafone, enhancing accuracy through automated reconciliation and scenario modeling. Founded in 2013, CashAnalytics supports over 200 organizations worldwide from offices in Ireland, the United Kingdom, and the United States.
Coprocess is a Geneva-headquartered developer of netting systems for corporate treasuries. Since its founding in 1991, the company has delivered multilateral netting software that integrates seamlessly with treasury management systems, ERP platforms like SAP and Oracle, and banking interfaces. This plug-and-play solution optimizes intercompany payments, minimizes foreign exchange risks, and streamlines cash pooling for multinational firms across Europe and beyond. Coprocess supports daily netting cycles, handles multiple currencies, and complies with international payment standards such as SEPA and SWIFT.
Hedge Trackers is a Dublin-headquartered provider of hedge accounting and derivatives services compliant with IFRS 9 and ASC 815 standards for U.S. corporations and banks. Established in 2006, it supports over 300 clients managing $2 trillion in notional exposure to FX, interest rates, and commodities. The firm operates from offices in Ireland, the U.S., and India.
HQ CountryAustraliaIrelandSwitzerlandUnited States
HQ City
-
Dublin
Geneva
San Jose, CA
Deal Date6 Jan 20269 Sep 20242 Mar 202118 Jan 2021
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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GTreasury Competitors

GTreasury competitors include listed companies like 74Software and Freee, and private ones like 51 Credit Card Manager, Clara, DataSnipper and FreshBooks.

Public and private companies comparable to GTreasury
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
51 Credit Card ManagerChinaChinaPrivate$15M-$1B66.7x
ClaraBrazilSão PauloPrivate--$1B-
DataSnipperNetherlandsAmsterdamPrivate$45M-$1B22.2x
FreshBooksCanadaTorontoPrivate--$1B-
74SoftwareFranceFrancePublicly listed$814M$112M$1.3B1.8x
FreeeJapanJapanPublicly listed$214M$6M$1.5B4.8x

GTreasury Public Comps

GTreasury is no longer listed, but its public comps include Fujian Boss Software, 74Software, Teamshares, Freee, Miroku Jyoho Service, Nordtech Group, BlackLine, Baiwang Cloud, Avant Group and Zaggle Prepaid Ocean.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Fujian Boss Software$299M$40M2.8x2.9x21.1x21.0x
74Software$814M$112M1.9x1.8x13.7x9.8x
Teamshares$472M($23M)1.7x1.4x(35.0x)33.2x
Freee$214M$6M6.3x4.8x237.7x65.4x
Miroku Jyoho Service$315M$58M1.1x1.1x6.0x-
Nordtech Group$72M$15M5.1x-25.2x-
BlackLine$700M$72M2.6x2.5x25.6x8.5x
Baiwang Cloud$109M$433K2.6x2.7x648.3x-

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Common questions about GTreasury

When was GTreasury founded?GTreasury was founded in 1986.
Where is GTreasury headquartered?GTreasury is headquartered in Chicago, IL, United States.
Is GTreasury publicly listed?No, GTreasury was acquired by Ripple in October 2025.
Who acquired GTreasury?GTreasury was acquired by Ripple in October 2025.
How much was GTreasury acquired for?GTreasury was acquired for $1B in October 2025.
How much funding has GTreasury raised?GTreasury has raised $42M across 1 funding round.
What was GTreasury's last funding round?GTreasury's last funding round was a $42M undisclosed-stage round in October 2017, led by Mainsail Partners.
Who are GTreasury's investors?GTreasury's investors include Mainsail Partners.
Which companies are comparable to GTreasury?Companies comparable to GTreasury include 51 Credit Card Manager, Clara, DataSnipper, FreshBooks, 74Software and Freee.
How many companies has GTreasury acquired?GTreasury has acquired 5 companies, including SolveXia Pty Ltd, CashAnalytics, Coprocess, Hedge Trackers and Visual Risk.
What was the largest acquisition by GTreasury?The $27M acquisition of Visual Risk in April 2018 is the largest acquisition GTreasury has made to date.

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