The Challenge
Prosper is a London based startup focused on helping high net worth customers maximise their potential wealth across their savings and investments. Naturally, the team applies the same philosophy to its own treasury. The goal was simple: ensure company cash works as hard as possible.
Prosper primarily banks with Revolut and HSBC, using Revolut’s interest-bearing accounts to generate yield on operational funds. However, the best rate available through Revolut was 3.25%, leaving a clear opportunity to earn more on excess cash.
The treasury problem:
- Revolut interest-bearing accounts limited to 3.25%
- Excess cash not earning optimal returns
- Limited access to higher-yield money market funds
- Traditional solutions required complex treasury structures
The quote:
“We’re an early-stage startup so every pound needs to work as hard as we do.”
— Brendan Murphy, CFO, Prosper
Alternatives Considered
Before choosing Round, Prosper evaluated several ways to deploy treasury funds.
For Treasury:
- Revolut savings - Easy to use but limited to 3.25% returns
- Treasury Spring - Structure and complexity unsuitable for Prosper’s needs
- Other platforms - Lacked maturity or the right balance of simplicity and yield
The core issue: Accessing higher-yield instruments typically required complexity that did not fit Prosper’s operating model.
The Solution
Prosper adopted Round to deploy excess treasury funds into money market funds while keeping access simple and flexible.
Treasury Module
- Allocation into diversified money market funds
- Higher returns compared to banking products
- Simple and flexible access to funds
- Straightforward treasury structure without complexity
“It’s the easiest way to maximise the yield on your excess cash.”
The Results
Time saved:
- No additional operational overhead introduced
- Minimal time required to manage treasury
- Simplified access to treasury tools
Money earned:
- Increased yield from 3.25% to ~4.7%
- 1.5% annual improvement on excess cash
Risk eliminated:
- Avoided complex treasury structures
- Maintained liquidity while increasing returns
- Improved clarity on treasury positioning
Key Features They Love
Best rates on excess cash:
“We went with Round because the net effective rate we could get on our cash was better than anything else we looked at.”
Ease of use:
“It’s super easy to set up and use. It doesn’t take much time at all to manage.”
Simple treasury structure:
“It’s basically a simple brokerage structure. No complicated offshore trusts or anything like that.”
A tool founders recommend:
“I’ve told a lot of people about it. It’s the easiest way to manage your excess cash.”
The Setup
Prosper onboarded quickly with a product demo, simple setup with support from the Round team, and configuration of a basic treasury automation for transferring funds into their Revolut account.
Looking Ahead
Prosper plans to continue using Round as treasury balances grow, with the ability to deploy funds into higher-yield instruments becoming increasingly valuable over time.
About Prosper
Prosper is building an AI led generational wealth platform that helps high net worth individuals maximise returns on their savings and investments by eliminating traditional investment fees.
About Round
Round builds AI-powered financial infrastructure that automates treasury, AP, and payroll operations for European companies and VC funds. Backed by Alstin Capital, Round helps finance teams earn more on idle cash while spending less time on operational busywork.
