An employee-centric organization that wants to help employees by making sure they have the resources they need.
View PDF
Treasury Prime, the leading Banking as a Service (BaaS) company, was founded in 2017 in San Francisco and connects banks and FinTechs through an API so that developers can build in minutes. As a high-growth company that has raised more than $30M from leading venture capital firms including Deciens Capital, Nyca Partners, Pacific Western Bank, QED Investors, SaaStr Fund, Susa Ventures, and Y Combinator, the company wanted to help employees better understand their equity compensation and support employees making financial decisions.
The leadership team at Treasury Prime has deep experience in finance, having worked at financial institutions and the FDIC. As financial experts, it was imperative that they found a partner who they trusted and met high technical standards.
“The main reason we were looking to bring on a benefit like Addition Wealth was equity compensation,” explained Mike Shaw, Director of People Operations at Treasury Prime. “We quickly realized that equity was only going to be a piece of the overall value and that we were actually going to be able to help people with everything related to their personal finances, which has turned out to be extremely valuable for our employees.”
Addition Wealth partnered with Treasury Prime to create a customized platform for their employees that brought together digital tools for equity, relevant content and articles, and webinars and events on important personal finance topics. The platform specifically included:
And while equity may have kickstarted the initial conversations, Treasury Prime quickly recognized the value of Addition Wealth for personal finance topics across the board, with employees also turning to Addition Wealth for support with education around retirement planning options.
“People say this is the best benefit we offer. We even had one employee tell us she was actively interviewing CFAs on her own but that she was able to get what she needed through Addition,” Shaw added.
Addition Wealth has supported Treasury Prime employees across a variety of topics from buying a home and understanding the current macroeconomic climate to budgeting and savings.
How Addition Wealth Supports People Teams
Treasury Prime is an employee-centric organization that wants to help employees by making sure they have the resources they need.
“Addition has made it very simple for us to know employees are getting the support they need. It’s made my life so much easier, and there’s a ton I’ve learned too. It’s been amazing, and people are getting value.”
Shaw went on to add, “Addition is very sustainable. As HR you have less admin work and side conversations about topics that aren't an HR team’s responsibility, and you don’t have to spend time responding to questions because people won’t ask you them. It frees up your HR team to focus on other things.”
“At the end of the day, employees will be happier because they'll better understand personal finances, their money, and how to grow it.”
Treasury Prime is an employee-centric organization that wants to help employees by making sure they have the resources they need.
“Addition has made it very simple for us to know employees are getting the support they need. It’s made my life so much easier, and there’s a ton I’ve learned too. It’s been amazing, and people are getting value.”
Shaw went on to add, “Addition is very sustainable. As HR you have less admin work and side conversations about topics that aren't an HR team’s responsibility, and you don’t have to spend time responding to questions because people won’t ask you them. It frees up your HR team to focus on other things.”
“At the end of the day, employees will be happier because they'll better understand personal finances, their money, and how to grow it.”
