Treasure Financial Enacts Layoffs Shortly After Touting Rapid Expansion
Treasure Financial has laid off 14 employees, the fintech startup confirmed to TechCrunch today.
Sam Strasser, founder and CEO of Treasure Financial, told TechCrunch that “a need to streamline our operations and align our workforce with our current strategic goals and financial realities” drove the decision.
“Market conditions and organizational challenges aside, financial stewardship necessitated this unfortunate but necessary action,” he added.
San Francisco-based Treasure Financial offers cash management software for businesses and is a registered investment advisor (RIA).
Just last July, the startup raised $7.5 million in a funding round led by Ventura Capital, a previous investor in the firm.
