– Hg, a leading investor in European and transatlantic software and services businesses, has agreed to sell GTreasury for over $1 billion.
– GTreasury, a global leader in adaptable treasury solutions for the Office of the CFO, will be acquired by Ripple, a provider of digital asset infrastructure for enterprises.
– Hg will fully exit GTreasury alongside minority investor Mainsail Partners.
GTreasury’s platform supports financial leaders in managing treasury complexity, including liquidity management, cash forecasting, payments, netting, and risk.
– Hg invested in GTreasury in 2023, recognizing these solutions as increasingly critical and strategic for the Office of the CFO.
– With Hg’s support, GTreasury has scaled its transatlantic footprint and accelerated product innovation.
– GTreasury launched GSmart AI, enhancing its platform with agentic capabilities to reduce manual effort, identify risks and variances, and recommend strategic actions.
– The company now handles trillions of dollars in annual payment volumes and serves over 1,000 customers across 160 countries.
– Renaat Ver Eecke, CEO of GTreasury, expressed excitement about joining Ripple and gratitude for Hg and Mainsail Partners’ support in scaling and product development.
– Louis Kinsella, Partner at Hg, highlighted GTreasury’s market-leading adaptability, growth, transatlantic expansion, and innovative products like GSmart AI.
