Bracket raises £5m seed to automate FX and cash management with AI
This article covers Bracket, a fintech startup, which has raised £5m in a seed funding round to develop its FX, treasury and cash management platform for mid-market businesses. The funding will support product development, international expansion and hiring as Bracket seeks to give mid-market businesses and financial institutions improved cash visibility and automated treasury and FX workflows.
Bracket, a fintech startup, has raised £5 million in a seed funding round to develop its FX, treasury and cash management platform for mid-market businesses. The funding will support product development, international expansion and hiring after the company reported 600% year-on-year revenue growth in 2025.
Why it matters
Mid-market companies increasingly face the same treasury and FX risks as large corporates but often lack access to modern tools. Many still rely on spreadsheets and manual processes that increase exposure to currency moves and reduce cash visibility. Bracket aims to address that operational gap by providing a single platform for bank connectivity, FX workflow automation and near real-time treasury intelligence.
The company's growth metric and commercial traction with financial institutions suggest there is demand for lighter, more automated treasury software that can be deployed without the cost and complexity of legacy systems.
Inside the product
Bracket centralises bank accounts and automates FX workflows, producing consolidated views of balances, exposures and payments. The platform also licences its technology to banks and financial institutions so they can offer modern treasury services to their mid-market clients.
The product incorporates AI to process fragmented financial data and surface actionable treasury insights, such as hedging signals and cash forecasting. The vendor approach—selling directly to corporates and as a licensed solution to banks—positions Bracket as both a vendor to finance teams and a technology partner to incumbent lenders.
Who are the investors?
The round was led by Macquarie Group’s Commodities and Global Markets business and Blackfinch Ventures, with participation from existing investor Failup Ventures. The total raise was £5 million in a seed funding round. Macquarie has signalled both financial and strategic support for Bracket as it builds an AI-native treasury platform for mid-market customers.
In the announcement, Tom Haigh, Managing Director at Macquarie Group, said:
Macquarie is pleased to back Bracket with both financial and strategic support as it builds an AI-native treasury platform for mid-market businesses. The team has vast experience and have created a highly valuable tool, that helps process fragmented financial data with real-time visibility, automation, and control. The Bracket platform enables us to service our customers more efficiently, and we’re excited to support the next stage of its growth.
Failup Ventures, an existing backer, also participated in the round.
If you're researching potential backers in this space:
- Explore our list of fintech venture capital firms in the UK
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Founder perspective
The company was founded in 2024 by Alex Charles, Pierre Anderson and Martin Lee, who say the product emerged from decades working with finance teams constrained by manual processes. The founders highlight that legacy systems can be costly to maintain and do not scale for mid-market needs.
In the announcement, Pierre Anderson, Co-founder & Co-CEO at Bracket, said:
This funding allows us to continue on our growth trajectory and scale our products internationally.
In the announcement, Alex Charles, Co-founder & Co-CEO at Bracket, said:
After decades working across global financial institutions and large corporates, we identified a shared technology gap holding both back. Corporates relied on fragmented, manual treasury processes, while legacy systems were outdated, clunky, and costly to maintain. At the same time, financial institutions lacked the tools to manage FX portfolios and deliver tailored strategies at scale. Our platform solves both challenges, automating corporate treasury operations and enabling institutions to deliver high-quality FX portfolio management, client engagement, and strategic insight through a single, integrated solution.
The bigger picture
Bracket’s move highlights a broader trend in the fintech landscape: enterprise financial infrastructure is attracting startups that target mid-market needs rather than only consumer finance. Investors are paying attention as banks seek partners to modernise how they serve corporate clients and as corporates demand better cash visibility and risk management tools.
As Bracket scales into Europe and Australia and plans to double its headcount over the next 12 months, its progress will be one to watch for anyone tracking how UK fintech startups translate venture funding into enterprise-grade treasury tech.
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