Finance teams drowning in spreadsheets just got a massive lifeline. London based fintech Bracket has officially secured $7 million in seed funding to modernize how mid sized companies handle their cash and currency. This fresh capital marks a pivotal shift for businesses desperate to ditch manual errors for AI driven automation.

Big Backing for a Smarter Treasury

The investment round brought together some heavy hitters in the financial world. Macquarie Group lead the charge through its Commodities and Global Markets business alongside Blackfinch Ventures. Existing investor Failup Ventures also doubled down on their support. This level of backing from a global giant like Macquarie signals a serious vote of confidence in Bracket’s technology.

Mid market companies often get stuck in a difficult middle ground. They are too big to manage money like a small shop but often lack the budget for the expensive tools that Fortune 500 companies use. Bracket is stepping in to close this gap by offering enterprise grade tools at a level these businesses can actually use.

The founding team knows this pain firsthand. Established in 2024 by Alex Charles, Pierre Anderson, and Martin Lee, the company was born out of frustration with outdated systems. These three leaders come from deep backgrounds in FX and treasury management. They saw finance professionals wasting hours on tasks that computers should handle.

Now armed with $7 million, the team plans to aggressively expand. The roadmap includes opening new offices in Europe and Australia over the next year. They also plan to hire more talent to build out their platform capabilities.

AI powered treasury management dashboard financial technology

Solving the Nightmare of Manual Data

We live in a world where money moves instantly, yet many finance teams are still stuck in the past. It is shocking to see how many multi million dollar companies still rely on Excel spreadsheets to track their cash flow. This creates a massive risk for errors that can cost a business huge sums of money.

Pierre Anderson, the Co-CEO of Bracket, highlighted this exact issue. He noted that mid market companies face the same complex challenges as the giants. They deal with currency fluctuations and multiple bank accounts. However, they are often forced to fight these battles without proper armor.

“Mid-market companies are often expected to meet the same standards as large corporates without access to equivalent tools.”

The reliance on manual data entry is not just slow. It is dangerous. One wrong keystroke in a spreadsheet can mess up financial reports or lead to bad hedging decisions. Bracket removes this human error risk by letting AI handle the heavy lifting of data organization.

Market volatility has made this need even more urgent. Currency rates swing wildly based on global events. A finance director using a spreadsheet might be working with data that is already hours or days old. That delay can mean missed opportunities or unexpected losses.

How AI Changes the Game for CFOs

The core of the Bracket platform is its ability to centralize everything. Instead of logging into five different bank portals to check balances, a treasurer can see everything in one dashboard. This real time visibility is a game changer for decision making.

The system uses artificial intelligence to automate workflows that used to take hours. This includes managing foreign exchange exposure and predicting cash flow needs. It effectively acts as a digital analyst that never sleeps.

Here is a look at how the new approach compares to the old manual methods:

Bracket is also taking a smart approach to how they sell this technology. They are not just selling directly to companies. They have developed a distribution model that allows banks to license the platform.

This means global financial institutions can offer Bracket’s tools to their own clients. It is a win for everyone involved. The banks get to offer better tech without building it themselves. Bracket gets access to a massive customer base. The end user gets a seamless experience.

The Future of Finance is Automated

The trend is clear across the entire business world. Automation is no longer a luxury. It is a necessity for survival. As companies grow, the complexity of their money management grows with them. Sticking to manual processes acts as a brake on that growth.

Investors clearly see the potential here. The demand for modern treasury infrastructure is exploding. Companies want to focus on strategy and growth, not on copy pasting data between tabs.

By automating the boring stuff, Bracket frees up finance teams to focus on high value strategy. This shift changes the role of a treasurer from a data entry clerk to a strategic business partner.

The expansion into Australia is particularly interesting given Macquarie’s involvement. It suggests a strategic play to capture the Asia Pacific market which is ripe for fintech innovation. Europe remains a key battleground as well given the complexity of cross border payments across the continent.

With this new funding, Bracket is well positioned to lead this charge. They are proving that you do not need to be a massive corporation to have world class financial control.

Summary

Bracket has successfully raised $7 million to bring AI powered treasury tools to mid market businesses. Led by Macquarie Group and Blackfinch Ventures, this funding will help the London based startup replace risky spreadsheets with a centralized, automated platform. The company plans to use the funds to expand into Europe and Australia, offering finance teams real time visibility and control over their cash and currency operations. This move promises to reduce manual errors and empower finance professionals to focus on strategy rather than data entry.

We would love to hear your thoughts on this. Is your finance team still stuck in spreadsheet hell, or have you made the switch to automation? Share your experiences in the comments below or join the conversation on social media using #FintechNews.