Hg, an investor in global software and services companies, has made an investment in GTreasury, a treasury, payments and risk management software provider.

The GTreasury management team and former majority owner, Mainsail Partners, will continue as investors in the business.

Based in Chicago, Ill., GTreasury offers treasury management systems for organizations worldwide. GTreasury’s SaaS services assist treasury departments to manage liquidity needs, payment execution, bank relationships, FX hedging and auditing and compliance requirements. The company serves over 700 customers across 30 industries in over 160 countries.

“This is a great moment for the team at GTreasury as it will support further product development and geographic expansion, helping us to continue innovating and bringing new products and features to an ever-growing customer base,” says Renaat Ver Eecke, CEO of GTreasury. “Hg’s global software specialization and deep knowledge in this area will help accelerate this strategy significantly.”