About KBC and TreasurUp
KBC Group N.V. is a Belgian universal multi-channel bank-insurer that focuses on private clients and small and medium-sized enterprises in Belgium, Ireland, Central Europe and South-East Asia. KBC was formed in 1998 after the merger of two Belgian banks (Kredietbank and CERA Bank) and a Belgian insurance company (ABB Insurance).
Its network consists of 1,400 bank branches, insurance sales via own agents and other channels, and various electronic channels. KBC’s core markets are Belgium, the Czech Republic, Slovakia, Hungary, Bulgaria and Ireland. It is also present, to some extent, in other countries. The group currently has 42,000 employees.
TreasurUp, previously known as Easytrade, is a venture of Rabobank. The founders were one of three winning teams of the bank’s global “Moonshot” innovation campaign in 2016. Since then, it has developed into an integrated platform for online treasury insights and execution initiation that can be implemented by banks for their corporate users around the world.
TreasurUp offers online foreign exchange hedging and is developing new modules on foreign exchange payments and liquidity management and assert base finance. “TreasurUp has proven to meet a clear demand in the market. Nowadays, we are talking to the largest banks around the world and they really like our approach and the proven results of our platform. We are about to spin out from the bank. As an independent entity we believe we can even move faster, which is necessary in this market”, according to Niels van Daatselaar, CEO of TreasurUp.