NEWPORT BEACH, Calif.–(BUSINESS WIRE)–TreasurySpace, the modern command center for commercial treasury powering billions in cash on behalf of depositors, banks and service providers, today announced its selection by IRA Capital for commercial cash management technology. Through the partnership, IRA Capital’s operations, finance, and executive teams will gain access to TreasurySpace’s platform to manage, optimize, and grow their working capital across multiple banking relationships, currencies, and strategies using technology for:
- Operations teams to reduce manual effort in collections, payments, and remittance workflow and reconciliation.
- Finance teams to improve visibility, accelerate reforecasting, and enhance compliance.
- and, Executive teams to take strategic command of working capital to increase yield, manage allocation, and reduce risk.
“TreasurySpace’s technology opens up an unprecedented opportunity to command, control, and leverage our company’s most valuable resource—our cash on hand,” said Amer Malas, a founding partner and Chief Compliance Officer of IRA Capital. “With a unified golden record of our banking data, operations, and relationships, TreasurySpace positions us to optimize our working capital, increase yield, and reduce risk.”
“IRA Capital is an ideal client to deepen TreasurySpace’s track record in commercial treasury technology,” said Connor Olsen, Founder of TreasurySpace. “With a robust portfolio representing more than one billion dollars of investment on behalf of premier institutional capital sources, IRA Capital is unique in its understanding and readiness to exceed using technology. We could not be more excited by IRA Capital as a proof point for TreasurySpace’s value and return on investment for commercial depositors.”
About IRA Capital
IRA Capital “IRA” is a leading Southern-California based private equity firm focused on alternative investments. Founded in 2010 by partners Amer Kasm, Samir Patel, Jay Gangwal, Amer Malas, and Mohannad Malas, IRA invests capital for its own account and on behalf of its co-investment partners, which include pension funds, institutions, and family offices. Headquartered in Irvine, California, IRA has invested over $3 billion total in more than 50 portfolio companies across sectors and in more than eight million square feet of real estate throughout 26 states, with an overweight concentration in healthcare real estate.
To learn more about IRA Capital, visit https://iracapital.com
About TreasurySpace
TreasurySpace is the modern command center for commercial treasury powering billions in cash on behalf of depositors, banks and service providers who use the platform to digitally manage, optimize, and grow their working capital.
To learn more about TreasurySpace, visit https://treasuryspace.com
Contacts
Connor Olsen
Founder
[email protected]
206-765-6575
