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Some personal words on why @balderton invested in @TreasurySpring from my colleague Claudia: medium.com/balderton/our-…
Almost every company needs to manage their cash in a better way. SVB and CS highlighted an ongoing issue with holding deposits in 1-2 banks - effectively you are giving them an unsecured loan with no underwriting (2/n)
Solving this properly is really hard. Required @TreasurySpring to create a new instrument, Fixed Term Funds (FTFs), and then take the time to educate a conservative client base on the need for this (3/n)
Requires a team who are really deep in sector, really credible with CFOs and treasurers, creative and resilient. Over the last 6 years of getting to know Kevin, Matthew, James and Henry it has become clear that they are all these things and more (4/n)
As clients ourselves, and with many of our portfolio now using @TreasurySpring, we could get very confident on their product quality. They are growing very fast, winning blue chip clients, and there is a huge opportunity ahead (5/5)
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