Modern Treasury makes managing payments simple, scalable, and secure.
Escrow is a payment setup where the payer sends funds to a third party rather than directly to the payee. If certain conditions are met, the third party routes the funds to the recipient; if not, the funds get returned to the sender. Escrow is particularly useful for high value payments because the payer can rely on the escrow provider as a responsible intermediary of the funds.
There are many important moments along the journey of never-ending work it takes to build an enduring and valuable company. Today we’re excited to share that we’ve reached another stepping stone on that path: we raised a $38M Series B financing led by Altimeter Capital.
2020 was a year like no other. To fill all that time at home, we consumed a lot of content. So what caught our eye in 2020? Here are our favorite posts from the year.
Last week, we announced support for self-serve sign up. When signing up, customers can now pick between three options for bank connection: Instant Bank Partners, Supported Bank Partners and Custom Bank Partners.