The three companies
TreasurUp originates from a Moonshot innovation campaign of Rabobank. It provides white labeled online treasury services to 6,000 customers of 7 international banks: Sparkassen-Finanzgruppe, Landesbank Baden-Württemberg, Rabobank, Nordea, Société Générale, KBC Bank and OP Financial Group. TreasurUp has developed new ways of online foreign exchange hedging including fully automated workflows and connections with a company’s bookkeeping platform. Now, TreasurUp is developing new modules like liquidity management, cash flow forecasting and target balancing. In February 2021 TreasurUp won the Global Finance award for the World’s Best New Treasury Technology 2021.
Founded in 1998, OFX is a listed (ASX: ‘OFX’) cross border payments specialist, with eight offices across the world, and more than 400 staff. In its latest financial year ended 31 March 2021 it supported over AUD25B of payments. It offers money transfers and FX risk management for Consumer, Corporate, and Enterprise clients across 50+ different currencies. Through its ‘human + digital’ business model, OFX provides 24/7 client support to complement its global digital platform.
About Rabobank Group
Rabobank is an international financial services provider operating on the basis of cooperative principles. It offers retail banking, wholesale banking, private banking, leasing and real estate services. As a cooperative bank, Rabobank puts customers’ interests first in its services. Rabobank is committed to being a leading customer-focused cooperative bank in the Netherlands and a leading food and agri bank worldwide. Rabobank employed 43,272 per 31 December 2020. Rabobank Group is active in 38 countries.