TreasurySpring Management

TreasurySpring Management

TreasurySpring was founded in London in 2016 by Matthew Long, James Skillen, and Kevin Gordon — a team drawn from senior fixed-income trading and structuring roles at major global banks. The firm saw a structural gap: corporate treasurers, family offices, and smaller financial institutions struggled to access the same short-term wholesale funding products that large banks routinely traded among themselves. TreasurySpring's response was not a fund in the traditional sense, but a digital infrastructure layer — a platform licensed as a Jersey fund manager that connects cash-rich institutions to bank and non-bank borrowers through standardized, short-dated, bankruptcy-remote instruments they call Fixed-Term Funds. The platform operates at the intersection of private credit and fintech, offering yield enhancement on cash allocations by providing access to reverse repo, certificates of deposit, commercial paper, and similar money-market instruments typically reserved for the interbank market. Subscribers to the platform — over 400 institutions by 2023 (per Financial News, 2023) — can deploy cash across a curated range of tenors and credit profiles, with the firm managing the legal, operational, and credit-analysis burden. While the firm does not disclose AUM, its operational footprint is evident in its partnership with Euroclear for settlement infrastructure and its authorization by the Jersey Financial Services Commission, placing it under a regulatory framework distinct from a typical fintech. TreasurySpring is headquartered in London with a regulated entity in Jersey, and by mid-2023 had grown headcount to roughly 50 (per Financial News, 2023). The firm's client base spans corporate treasury departments, pension funds, insurance companies, and family offices seeking alternatives to bank deposits. In January 2023, the firm completed a $29 million Series B funding round led by Balderton Capital, with participation from existing investors including Mubadala Capital (per Balderton Capital, January 2023). The company has indicated that capital will support expansion of its product range and its entry into new jurisdictions. What structurally distinguishes TreasurySpring is its embedding of a regulated fund-management company and an execution platform within a single entity. Unlike a deposit broker or a cash-management consultant, the firm acts as principal through its Jersey vehicles, taking on the legal structuring and credit intermediation, while the investors hold units in bankruptcy-remote, segregated portfolio companies. This model puts the firm in a unique regulatory lane — a cross between a technology platform and an asset manager — that is neither a simple SaaS tool nor a pooled fund. Succession and governance reflect its startup architecture: the founding partners remain the controlling investment and operational decision-makers backed by a board that includes representation from Balderton Capital and other venture investors.