Reserve Trust Raises $30.5 Million in Series A Funding

Reserve Trust, the first fintech trust company with a Federal Reserve master account, announced a $30.5 million Series A investment, led by QED Investors, an investment firm that supports high-growth companies and businesses, with participation from FinTech Collective and Ardent Venture Partners.

This latest capital infusion will be used to accelerate investments in the team and technology required to deliver innovative new services, APIs, and payment rails that support embedded and real-time payments for any fintech service or software platform globally.

Unconstrained by legacy banking systems, Reserve Trust provides B2B payments services that financial institutions and fintech's have previously only been able to obtain from correspondent and sponsor banks. Reserve Trust partners with businesses that seek to embed domestic and cross-border B2B payments, bypassing traditional banks and offering direct access to key high-value payment rails. Reserve Trust's unique trust structure allows customers to store funds in custody accounts that are backed by Reserve Trust's Federal Reserve master account, and to transfer funds via ACH, FedWire, SWIFT, and other emerging payment systems.

"Reserve Trust's unique combination of a trust charter with a Federal Reserve master account allows us to create foundational payment and custody services delivered via APIs to enable innovation across the entire fintech ecosystem. The funding announced today, including leading investors across the fintech ecosystem, will go a long way to helping us continue to execute on this vision." said Reserve Trust CEO Dave Wright.