Bracket

London-based fintech Bracket has successfully closed a £5.1 million ($7 million) Seed funding round. The investment was co-led by Macquarie Group and Blackfinch Ventures, with additional participation from Failup Ventures.

Summary of transaction details:

• Value: £5.1 million ($7 million) Seed
• Sector: Fintech / Treasury SaaS
• Advisor: Not disclosed
• Key Entities: Target: Bracket; Lead Investors: Macquarie Group, Blackfinch Ventures; Additional Investor: Failup Ventures; Key Founders: Pierre Anderson (Co-founder & Co-CEO)
• Location: London, UK

Note: Bracket is addressing a significant gap in the mid-market business sector. While mid-market companies face the same financial complexities as massive corporates, they often lack the enterprise-grade tools to manage them, relying instead on manual spreadsheets. Bracket’s AI-powered treasury platform centralizes bank accounts, automates foreign exchange (FX) workflows, and provides real-time cash visibility. This Seed funding will fuel the company's international expansion and product development.