An Update From Our Founders

From Dimitri:

Today, we announced to the company that our Co-Founder and Chief Product Officer, Matt Marcus, will become the CEO of Modern Treasury. I will assume the role of Co-Founder and President, and Sam Aarons will continue as Co-Founder and CTO. We wanted to share a bit of context on this decision. I’ll start, and then you’ll hear from Matt.

Leading this company for the past seven years has been a privilege. As CEO, you see it all: the highs, the lows, and everything in between. We went from a single product to a multi-product platform. We built a world-class team. We navigated events no one saw coming, like the pandemic in 2020 or the banking crisis in 2023. It’s been an honor to lead through those moments and help build something lasting from scratch.

It’s never been a more exciting time to be in payments. The world is changing quickly. Multiple technology shifts—stablecoins, instant payments, and API banking—are changing the payments landscape. Modern Treasury has the most unbelievable opportunity to be a force of good in the world, powering companies in the most fundamental thing that defines their business: money movement.

I get most excited when I hear about a customer’s first transaction or see their volume ramp. I love watching the flywheel spin as the companies we power grow and thrive. But I also know we need to move faster. We need to innovate faster. That’s what’s driving these changes.

We’ve restructured our team to better align with the company’s strategic direction, so that we can focus on building the most trusted infrastructure for money movement. This means that we are prioritizing investments in product and engineering.

As part of this next chapter, I’ve asked Matt to become CEO. I will assume the role of President and focus on doing what I love most - building and innovating new products. I believe Matt is the right person to lead us in this moment. He’ll bring a renewed focus on execution and the speed with which we work. He’ll be focused on building a more efficient, AI-enabled, go-to-market motion. I’m not going anywhere. I’m excited about the space to focus on product innovation. That’s where I will be most effective.

Now, from Matt:

As Dimitri said, we’ve been on this journey together for over seven years. It’s been an incredible experience to help build this company as Chief Product Officer. When Dimitri approached me about becoming CEO, I was both humbled and excited. I'm grateful to Dimitri, Sam, and the Board for trusting me with this role.

The mission has always been clear: to build the most trusted infrastructure for global money movement. That hasn’t changed, and in fact, we’re doubling down.

The most trusted infrastructure for global money movement includes the most performant and reliable real-time ledger. This is the foundation for any financial product. We’ve built an incredible ledgers product and have a lot of exciting work planned for it.

We have built one of the best teams in payments. The platform we’ve built over the past seven years is powerful and processes hundreds of billions of dollars annually. We have deep payments expertise. We know how to build great products. We know how to solve hard problems. And we know that with the right strategy and execution, we will create a generational company.

We’re lucky to work with some of the most innovative companies across broad segments of the economy in spaces like e-commerce, real estate, healthcare, title and escrow, lending, payroll, and more. They rely on us as foundational infrastructure for moving money and delivering amazing financial experiences to their customers. And as they grow, we grow with them. I’m delighted and committed to working more closely with them as they continue to grow and scale with us.

As Dimitri said, there’s never been a more exciting time in payments, and there’s never been a company better positioned to become the most trusted infrastructure for global money movement.

There is so much more ahead, and I’m excited to keep building with all of you.