Standard Treasury
Banking APIs; acquired by Silicon Valley Bank in August 2015
Standard Treasury helped banks harness the power of developers and developer ecosystems by building, hosting, maintaining, and supporting white-labeled and co-branded developer platforms for banks worldwide. Standard Treasury partner banks saw material top-line growth through the decreased cost of servicing their customers, decreased churn, and increased transaction volumes, while delivering tremendous value to their customers by allowing them to radically automate their treasury management and accounting processes.
Former Founders
Founder/Head of Product
Zac Townsend is the CEO of a new seed-stage startup. Previously, he was a leader in McKinsey’s banking practice. He was the inaugural Chief Data Officer of California and built the banking startup Standard Treasury (YC S13), which he ultimately sold to Silicon Valley Bank. He is a published statistician and his writing has appeared in the American Banker, Financial Times, San Francisco Chronicle, San Francisco Examiner, San Jose Mercury News, Slate, and TechCrunch.
Zac Townsend is the CEO of a new seed-stage startup. Previously, he was a leader in McKinsey’s banking practice. He was the inaugural Chief Data Officer of California and built the banking startup Standard Treasury (YC S13), which he ultimately sold to Silicon Valley Bank. He is a published statistician and his writing has appeared in the American Banker, Financial Times, San Francisco Chronicle, San Francisco Examiner, San Jose Mercury News, Slate, and TechCrunch.
