This is the Quild Minicorn, highlighting one future of work minicorn daily - early-stage startups with statistically significant signals of becoming a unicorn.

Treasury Prime is a Banking-as-a-Service company that connects banks and FinTechs through an API. Its full integration into core banking systems gives developers access to a wide range of banking services from opening accounts to making payments to issuing cards.

Founders: Chris (CEO), Jim (President)

Signals:

1. Repeat exited founder

   • Chris co-founded Merced Systems (sold for $200 million) and Benefitter (acquired by Health Markets)

2. Venture-backed experience

   • Both Chris and Jim worked at Standard Treasury (funded by Index Ventures and DCVC), which Silicon Valley Bank acquired

3. Top company alumni

   • Jim was an engineer at Facebook for over 2 years

   • Chris was a CTO for API banking in Silicon Valley Bank for over 2 years

4. Top university alumni

   • Chris graduated from Caltech (BS)

   • Jim graduated from University of Michigan (BS)

5. Fast team growth

   • Grew 3.4x to 68 employees YoY

   • And hiring a lot more

6. Accelerated financing

   • Announced series A in 2020, series B in 2021

7. Midas list investors

   • QED investors led series A & B

   • Susa Ventures led seed

Till tomorrow, Kenn