London fintech Bracket raises $7M for AI treasury platform
London-based Bracket has raised $7 million in seed funding to build an AI-native treasury infrastructure. The platform targets mid-market finance teams with workflow automation and smart finance tools. The funding round signals continued investor demand for specialized B2B SaaS solutions within the UK's fintech ecosystem.
- Bracket's founding team includes Co-CEOs Alex Charles and Pierre Anderson, who have a combined 30 years of experience in foreign exchange markets, and CTO Martin Lee, who has 18 years of experience building middleware for hedge funds. The company was founded in 2024. - The $7 million seed round was led by Macquarie Group and Blackfinch Ventures, with participation from existing investor Failup Ventures. Macquarie Group is also a strategic partner and licenses Bracket's platform to service its own mid-market clients. - The new funding is earmarked for international expansion, with plans to open new offices in Europe and Australia, and to double the company's headcount over the next 12 months. Bracket reported 600% year-over-year revenue growth in 2025. - Bracket's platform utilizes AI for "agentic workflows," which automate complex tasks like FX management and cash visibility that have traditionally been handled manually with spreadsheets by mid-market companies. These AI agents can execute tasks, make decisions, and adapt without constant human input. - The platform provides connectivity to over 11,000 banks, offering centralized multi-bank data, automated reconciliation, and exposure management without requiring engineering support for setup. This is designed to fill a gap for mid-market firms that find enterprise-grade treasury systems from providers like Kyriba and GTreasury too complex and expensive. - Despite a 21% drop in UK fintech investment in 2025 to $10.96 billion, the lowest since 2020, the nation still attracted more funding than France, Germany, China, and Brazil combined. The second half of 2025 showed signs of recovery with a 10-11% increase in funding over the first half. - A key responsibility for a CTO in a growth-stage B2B SaaS company is to act as a strategic business partner to the CEO, especially during fundraising, by providing technical depth and ensuring the technology roadmap aligns with the business plan. This role evolves from being a hands-on coder in the early stages to a strategic leader who builds and scales the engineering organization. - Pre-season Formula 1 testing is underway in Bahrain, with teams evaluating new car designs and setups for the 2026 season. Lando Norris is the current World Champion, having won his first title in the final race of the 2025 season.
