Interprime

Interprime provides automated treasury management services tailored for businesses, from early-stage startups to companies nearing an IPO. Founded in 2018 by Kanishka Maheshwari, the company emerged from the Winter 2019 batch of the Y Combinator accelerator. Its core mission is to simplify cash management, allowing companies to focus on their primary operations while their capital is managed for safety, liquidity, and yield.

The firm operates as an investment advisor, offering a platform that helps businesses create and implement an investment policy based on their specific cash flow and liquidity requirements. A key feature is the bank account sweep function, which automatically monitors a client's operating account and transfers funds to maintain a designated minimum balance, thereby putting idle cash to work. Interprime's investment strategy focuses on high-grade securities and U.S. government bonds to secure competitive market rates for its clients. Client assets are held in their own name with established custodians like Interactive Brokers and Charles Schwab, ensuring transparency and providing insurance coverage up to $30 million.

Clients can access their funds within one business day without incurring penalties or fees, addressing the critical need for liquidity in a business environment. The business model appears to be service-based, where Interprime acts as a financial manager for a company's treasury. In February 2022, Interprime was acquired by Rho Technologies, a provider of integrated cash and spend management solutions. Following the acquisition, Interprime's services were integrated into Rho's offerings, eventually launching as Rho Prime Treasury.

Keywords: treasury management, cash management, fintech, startup finance, investment policy, automated investing, liquidity management, corporate treasury, asset management, Y Combinator, Kanishka Maheshwari, Rho Technologies, cash flow optimization, high-yield cash accounts, sweep accounts, U.S. government bonds, investment advisor, business finance, idle cash, financial services for startups