Yoni Lateiner’s Post

We had the pleasure of hosting Dimitri Dadiomov, Co-Founder of Modern Treasury, as a special guest at The Mint. Dimitri describes himself as having “rage founded” Modern Treasury. After encountering a problem while working at LendingHome and becoming frustrated by the lack of available solutions, he and his co founders started Modern Treasury to solve that problem, and to make it easier to move money with efficient tracking. Clients now move, track, and reconcile over $100B in payments a year using Modern Treasury, including over $1B in instant payments. Dimitri shared valuable insights about founding and growing Modern Treasury. Here are some key takeaways: 1. You learn faster when you’re small. 2. Just make decisions. 3. Stay flexible with pricing in the early days. 4. Don’t over-index on profitability too early. 5. Find creative ways to drive top-of-funnel reach. More below! https://lnkd.in/e2yAUSbt Also, Modern Treasury just published their Fall Release, link included in the comments!

As a startup founder mastering cash management is crucial for growth and investor satisfaction. Here's a quick guide to ace your treasury strategy: 1️⃣ Optimize Your Banking: Start with a startup-friendly provider for your primary account. Keep 2–3 months of expenses within FDIC limits. Consider a backup account at a stable institution. 2️⃣ Invest Wisely: Park excess funds in a Treasury money-market fund for safety. Avoid chasing higher yields with riskier options. 3️⃣ Security Measures: Minimize access to accounts and implement dual approvers for large transactions. Avoid single points of failure in processes. 4️⃣ Approval Policies: Document and communicate clear approval policies for significant purchases. Regularly monitor financial statements to track spending, burn rate, and runway, ensuring financial health. Remember, simplicity is key until you have a dedicated finance team. Stay safe, stay scalable. #StartupTips #CashManagement #FinancialHealth

📈 How 1% Extra Interest Paid a Client's Monthly Rent 📈 Small changes, big impact. Here's how one client revolutionized their finances: 🏦 Before: Traditional fixed deposits, manual management 💡 After: Cashwise integrated treasury account with T-Bills and money markets, automated liquidity management 🚀 Result: Easily 1% higher annual return Sounds minor? That 1% boost covered an entire outlet's monthly rent! 🎉 Ready to transform your idle cash into a profit powerhouse? Let's chat about your options!

🌟 Myth: Personal finance is overly complex and difficult to manage. ✨ Reality: With the right tools, managing your finances can be straightforward and stress-free. Banking apps like Evistia offer easy-to-use features for budgeting, tracking expenses, and more—empowering you to take control of your finances. Start today, and make a positive impact on your financial future. #Finance #Evistia #FinTech

💵 Embracing the Power of Cash 💼✨ At Cashmaster International, we believe in celebrating the timeless elegance and practicality of cash in our everyday lives. Beyond convenience, cash fosters financial independence, inclusivity, and tangible connections. Explore more about the benefits of cash in our blogs. 💰🌐 https://lnkd.in/es5nGrm5 #CashisKing #FinancialIndependence #InclusiveEconomy

Creating goal-based cashflow plans with FE CashCalc 🤖 With features like secure digital fact finds, customizable cashflow models, and scenario comparison, you can create comprehensive and personalized financial plans that truly resonate with your clients. Enhance your advisory services and help clients achieve their financial goals more effectively. Discover more about how FE CashCalc can elevate your financial planning services: https://lnkd.in/eDGT4nZQ #FinancialPlanning #ClientEngagement #Fintech #CashFlow

During 2023, Wealthfront’s cash accounts ballooned from $9 billion to $27 billion, while total assets went from $32 billion to $55 billion. (The cash accounts now pay 5% interest and are insured by the Federal Deposit Insurance Corporation for up to $8 million through deals with partner banks.) Wealthfront’s revenue for the year more than doubled to nearly $200 million, and it recorded its first full year of profitability, booking $89 million in earnings before interest, taxes, depreciation and amortization and landing on Forbes’ Fintech 50 list for 2024. https://trib.al/d54k8iQ

💵 Embracing the Power of Cash 💼✨ At Cashmaster International, we believe in celebrating the timeless elegance and practicality of cash in our everyday lives. Beyond convenience, cash fosters financial independence, inclusivity, and tangible connections. Explore more about the benefits of cash in our blogs. 💰🌐 https://lnkd.in/d7di3pX #CashisKing #FinancialIndependence #InclusiveEconomy

FRI-YAY FOR CASH! Cash is more than just paper and metal; it's a fundamental aspect of our financial system. From facilitating everyday transactions to providing a sense of security during emergencies, cash plays a vital role in our lives. Its tangible nature fosters better budgeting and spending habits, promoting financial responsibility. Moreover, cash ensures financial inclusivity, as not everyone has access to digital payment methods. By recognising the importance of cash, we can appreciate its role in maintaining economic stability and empowering individuals to manage their finances effectively.