Krux
February 16, 2026
Bracket Bags $7M to Kill Treasury Spreadsheets with AI
Published: February 16, 2026 at 4:47 AM
Updated: February 16, 2026 at 4:47 AM
100-word summary
Bracket just closed a $7 million seed round led by Macquarie Group and Blackfinch Ventures to scale its AI-powered treasury platform for mid-market businesses. The startup centralizes bank accounts across 11,000+ banks, automates FX workflows, and delivers real-time cash visibility across currencies—replacing clunky spreadsheet-driven processes. After reportedly hitting 600% revenue growth in 2025, Bracket will double headcount and expand into Europe and Australia. Its bank distribution model licenses the platform to financial institutions, positioning it to dominate treasury intelligence as mid-market finance teams ditch manual workflows for AI-driven automation.
What happened
Bracket just closed a $7 million seed round led by Macquarie Group and Blackfinch Ventures to scale its AI-powered treasury platform for mid-market businesses. The startup centralizes bank accounts across 11,000+ banks, automates FX workflows, and delivers real-time cash visibility across currencies—replacing clunky spreadsheet-driven processes. After reportedly hitting 600% revenue growth in 2025, Bracket will double headcount and expand into Europe and Australia.
Why it matters
Its bank distribution model licenses the platform to financial institutions, positioning it to dominate treasury intelligence as mid-market finance teams ditch manual workflows for AI-driven automation.