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Press Release|||October 12, 2022

Modern Treasury Honored by Goldman Sachs for Entrepreneurship

Dimitri Dadiomov, CEO, Among the Most Exceptional Entrepreneurs at 2022 Builders and Innovators Summit

San Francisco, Calif., October 12, 2022—Goldman Sachs (NYSE:GS) is recognizing Modern Treasury CEO and Co-Founder Dimitri Dadiomov as one of the most Exceptional Entrepreneurs of 2022 at its two-day Builders and Innovators Summit in Healdsburg, Calif.

Modern Treasury provides a software platform that enables companies to modernize money movement and automate business-initiated payments. Modern Treasury customers move $4 billion a month on the platform, 4X the amount of a year ago.

“I am honored to receive this recognition from Goldman Sachs and be included in such an esteemed group,” said Dadiomov. “It’s an exciting time for all of us in the payments space, with embedded payments and Real-Time Payments (RTP) gaining traction and FedNow launching next year.  Modern Treasury is at the forefront, helping companies modernize their payment operations to move money faster and more reliably. Our rapid growth underscores how ready companies are to modernize this vital piece of infrastructure.”

“We’re delighted to recognize Dimitri as one of the most exceptional entrepreneurs of 2022,” said David M. Solomon, Chairman and CEO of Goldman Sachs. “They have made extraordinary contributions to a wide range of fields, and all of us look forward to meeting with these innovative thinkers.”

In addition to honoring the most exceptional entrepreneurs, the Summit consists of general sessions and clinics led by seasoned entrepreneurs, academics, and business leaders, as well as resident scholars.

Modern Treasury enables companies to get to market faster and achieve compliant, expedient, less error-prone payment operations without having to build solutions themselves, which was the problem that Dadiomov and his co-founders identified and which inspired Modern Treasury’s creation.

The company continues to innovate, including in the arena of embedded payments. Modern Treasury’s payment operations software platform now provides mutual Modern Treasury and Goldman Sachs clients with an integrated money movement solution, with payments powered by Goldman Sachs Transaction Banking. The recent partnership creates new opportunities for Goldman Sachs clients to seamlessly leverage Goldman Sachs payments capabilities within their own platforms.

About Modern Treasury

Modern Treasury provides payment operations software for companies, enabling teams to move and track money with confidence, and automate the complete cycle of money movement—from payment initiation, through approvals, to reconciliation. Using Modern Treasury products, innovators are reinventing the way businesses are built, run, and scaled. The company is a catalyst for growth in the economy's most important sectors, from real estate and healthcare to education and financial services. Founded in 2018, San Francisco-based Modern Treasury is backed by leading investors Altimeter Capital, Benchmark, and Y Combinator.

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