Bracket Secures $7M for AI Treasury Infrastructure

- The founding team, Alex Charles, Pierre Anderson, and Martin Lee, bring a combined 48 years of experience from the foreign exchange and hedge fund technology sectors. This deep industry background informed their approach to solving treasury challenges for mid-market companies. - The seed funding round was led by Macquarie Group's Commodities and Global Markets business and Blackfinch Ventures, with continued participation from existing investor Failup Ventures. Notably, Macquarie Group is not just an investor but also licenses Bracket's platform for its own mid-market clients. - Bracket's platform addresses the reliance on manual processes like spreadsheets for managing foreign exchange exposure, cash visibility, and banking connectivity, which are common pain points for mid-market firms. Legacy systems often lack real-time data access and create security risks. - The company's product offers centralized multi-bank connectivity with access to over 11,000 banks, AI-driven automation for foreign exchange workflows, and tools for exposure management and scenario forecasting. - Bracket utilizes a dual distribution model, selling directly to corporate clients and also licensing its technology as a white-label solution to global banks and financial institutions to serve their mid-market customers. - The fresh capital is earmarked for further product development, international expansion with new offices planned for Europe and Australia, and a doubling of the company's headcount over the next year. - The company has demonstrated significant traction, reporting a 600% year-over-year revenue growth in 2025 before securing the seed funding. - A core issue Bracket solves is the lack of access for mid-market companies to the same sophisticated treasury tools as large corporations, despite being held to similar standards of financial management.