1. Technology overview
Bracket is a treasury platform founded in 2024 by FX and treasury veterans Alex Charles, Pierre Anderson and Martin Lee. It serves corporate treasury teams, finance departments and financial institutions that struggle with fragmented bank accounts and opaque FX pricing. Bracket Group operates as an agent of an FCA-authorised payment institution.
The product combines cash management (cash visibility, reporting, bank integrations) with FX tools (a benchmarker that reveals provider margins and a portfolio manager). It lists access to over 11,000 banks and 15 FX providers, and also licenses the platform to banks so they can offer it to their mid-market clients.
2. Highlighted features & specifications
- Cash visibility: unified view of balances and FX exposures across accounts, entities and currencies.
- Bank integrations: connectivity to over 11,000 banks with automated bank feeds and data aggregation.
- FX Benchmarker: compares provider pricing to uncover margins.
- Portfolio Manager: forecasting, hedging and liquidity-to-FX alignment.
- Reporting: automated treasury reporting for finance teams.
- Bank distribution: platform licensed to banks for their mid-market clients.
3. Potential application
A Vietnamese importer benchmarking FX quotes from several banks to cut conversion costs. A commercial bank licensing the platform to give mid-market clients a multi-bank cash dashboard. A regional group consolidating balances across subsidiaries for daily reporting.
4. Benefits
Gives a unified view of cash and FX exposure across accounts, entities and currencies. Benchmarks FX providers to reveal margins. Automates bank feeds and reporting. Reported 600% year-over-year revenue growth in 2025, per the funding announcement.
5. Market trends & opportunities
Mid-market companies increasingly demand treasury tooling that was once limited to large corporates, and banks look for white-label platforms to serve them. Vietnamese exporters and importers with currency exposure, and local banks serving SMEs, face the same need for FX transparency.
6. Other information
Seed round of $7M in February 2026 led by Macquarie Group and Blackfinch Ventures with Failup Ventures. Plans offices in Europe and Australia and to double headcount. Site mentions a SOC 2 Type II audit by A-LIGN.
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