Bracket, an FX, treasury and cash management platform for mid-market businesses, has raised £5 million in seed funding from Macquarie Group’s Commodities and Global Markets business and Blackfinch Ventures, with participation from existing investor Failup Ventures. It provides a platform that centralises bank accounts, automates FX workflows and delivers real-time treasury intelligence.
Demand for modern treasury infrastructure has increased among mid-market companies, many of which still rely on spreadsheets and manual processes to manage FX exposure, cash visibility and bank connectivity. Bracket addresses this gap with a platform that centralises bank accounts, automates FX workflows and delivers real-time treasury intelligence without the cost or complexity of legacy software. It also licenses its platform to global banks and financial institutions to support their mid-market clients and provide them with modern treasury technology.
Founded in 2024 by Alex Charles, Pierre Anderson and Martin Lee, Bracket was established following decades spent working with finance teams constrained by manual processes. Alex and Pierre previously scaled some of the biggest FX divisions globally.
In 2025, Bracket delivered 600% revenue year-on-year growth and onboarded major financial institutions and corporates. The funding will support product development and the next phase of growth, including opening new offices in Europe and Australia, and doubling employee headcount over the next 12 months.
Mid-market companies are being held to the same standard as the biggest corporates but they don’t have access to the same tools, leaving many to struggle with outdated systems and processes. Bracket automates that operational layer using AI to give teams real-time visibility and control over bank data and key information, all within one platform. This funding allows us to continue on our growth trajectory and scale our products internationally.
Pierre Anderson, Co-founder & Co-CEO
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 Corporates relied on fragmented, manual treasury processes, while legacy systems were outdated, clunky, and costly to maintain.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.
Alex Charles, Co-founder & Co-CEO
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.
Tom Haigh, Managing Director at Macquarie Group
