Modern Treasury Expands Executive Team and Wins New Enterprise Customers Procore, Splitwise, and TripActions

Former Slack, Salesforce Executive Craig Nile Joins as Chief Revenue Officer to Scale Growing Customer Base

SAN FRANCISCO--(BUSINESS WIRE)--Modern Treasury, the operating system for the new era of payments, today announced Craig Nile as Chief Revenue Officer to lead the company's continuing push into enterprises.

Nile brings vast leadership and enterprise experience to Modern Treasury, having spent more than ten years at Salesforce before leading enterprise sales in the Americas for Slack and, most recently, leading global sales for Codat.

Modern Treasury has also expanded its customer base with new enterprise customers, including Procore, a leading global provider of construction management software; Splitwise, a leading interpersonal finance app for sharing expenses with friends and family; and TripActions, the only end-to-end travel and expense management platform.

“Craig's deep expertise in building and developing sales organizations will play a crucial role in our next phase of growth as we bring modern payments software to companies in the mid-market and enterprise segments,” said Dimitri Dadiomov, Modern Treasury CEO and Co-Founder. “As we enter a new era of payments with the emergence of new payment rails like FedNow and RTP, our growing and experienced leadership team will ensure that Modern Treasury remains at the forefront, helping businesses navigate these changes by providing all of our customers with total and immediate control over their money movement.”

Modern Treasury’s second annual State of Payment Operations survey, which polled financial and product leaders at companies with 500 to 4,999 employees, indicated that a lack of modern payment infrastructure can impact business health. Almost nine of ten financial decision makers (88%) say their company faces problems with payment operations, given high rates of payment failures, returns or refunds, a low rate of accurate payment reconciliation, and data quality errors.

“Modern Treasury has quickly become the market leader for modernizing payment operations thanks to their dynamic software capabilities and the strength of their bank partnerships,” said Nile. “I’m excited to partner with top enterprises across industries, helping them build better products, simplify their payment operations, and ultimately, make stronger financial decisions. The complexity of money movement is one of the biggest challenges facing businesses today, but unlocking payments as an area of efficiency and growth presents an even bigger opportunity. Modern Treasury’s impact in this emerging area is only just beginning.”

Nile’s sales leadership and expertise will expand Modern Treasury’s growing roster of enterprise customers. He helped scale Salesforce across new verticals such as financial services and geographies, including APAC, and led enterprise sales for the Americas at Slack during a time of rapid growth. These experiences will play a critical role as Modern Treasury expands its footprint.

About Modern Treasury

Modern Treasury is the operating system for the new era of payments, helping companies unlock growth, enhance customer experiences, and drive efficiency through their business. The payment operations platform and best-in-class developer tools move companies forward with faster payments, effective workflows, real-time data visibility, and seamless bank integrations. Founded in 2018, San Francisco-based Modern Treasury serves leading companies across broad sectors of the economy like ClassPass, Gusto, Marqeta, Procore, TripActions, and more and is backed by investors Altimeter Capital, Benchmark, and Y Combinator.

Contacts

Media Contact
Chad Torbin
Chad@speakeasystrategies.com

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First published on Mon, Jan 23, 2023

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