Treasury4 Inc., a fintech company offering tools and software for finance and treasury professionals, is moving its offices to the third floor of the Wonder Building, on Spokane’s North Bank. 

The move expands Treasury4’s space from about 6,000 square feet spread between two floors within the factory-turned-office building, at 835 N. Post, to an 18,000-square-foot footprint encompassing the entire third floor and equipped with meeting spaces, a front lobby, a staff kitchen, and two outdoor terraces overlooking Riverfront Park, the Spokane Veterans Memorial Arena, and The Podium. 

Steve Helmbrecht, president and CEO of Treausry4, says the company is beginning to receive more visitors to its offices, including bankers, investors, and clients coming in for software training. For many of its visitors, it’s their first time in Spokane. 

“This is the impression we want them to have,” Helmbrecht says. “The river, of course. We love Spokane. We want to show people that this is a really great community.” 

The fintech company is in a position for further growth, expecting to employ up to 70 employees by the end of the year from 52 currently, and just 30 last September, Helmbrecht says. He estimates that about 85% of Treasury4’s staff are Spokane-based. 

“We’ve just continued to build our team,” he says. “We reached a point where we were looking for more opportunity to expand, and we love being in the Wonder Building, so we reached out and expressed interest if there was ever availability as we are growing and wished to stay in the building.” 

In addition to views of the river, employees and visitors of the building have a front-row seat to developments happening on the North Bank. To the south of the Wonder Building is the site for the long-envisioned Falls Tower condos by developer L.B. Stone Properties Group. To the west of the Wonder Building, across Lincoln Street, Denver attorney Pete Mounsey, who leads the group that owns the Wonder Building, plans to build an indoor pickleball facility at 815 N. Lincoln, dubbed “Wonderground.” Mounsey couldn’t be reached immediately for comment. 

Treasury4 was established in 2020 by Helmbrecht, chief product officer Ed Barrie, and chief analytics officer Nathan Brown, all former Itron Inc. employees with the vision to build the tools they wish they had when they worked in corporate treasury. As reported by the Journal of Business, Treasury4 raised $20 million in series A funding in 2023, one of the largest investments secured by Inland Northwest startups. Led by New York-based growth equity firm WestCap Group, the series A funding round marked the first round of venture capital funding for Treasury4. Spokane-based participants in the investment round also include Cowles Co., Kick-Start Seed Fund, and W.T.B. Financial Corp. 

In April of 2021, the company began subleasing office space on the first floor of the Wonder Building from Ten Capital Wealth Advisors LLC.  A few months later in November, they expanded to a 2,000-square-foot office on the second floor inside the offices of Hub International Ltd., a Chicago-based global insurance brokerage and financial services company. Helmbrecht says Treasury4 will relinquish its office space on the second floor but will hold on to its 4,000-square-foot subleased space on the first floor. 

The third floor of the Wonder Building was previously occupied by the Seattle-based dog-sitting and dog-walking company Rover, also known as Rover.com, a tradename for A Place for Rover LLC. As reported by the Journal of Business, Rover first opened its Spokane offices in 2017 on the second floor of the Bennet Block Building at 530 W. Main. Rover moved its 86 employees into the Wonder Building in July 2019 and vacated the property earlier this year. 

For Barrie, founding Treasury4 on the former grounds of the historic Wonder Bread Factory, where his father was the plant controller, holds special meaning and memories. 

Barrie’s father moved the family to Spokane from Othello, Washington in 1974 when Barrie was just five years old. One of his favorite memories is going to the building’s cake shop on the second floor where the Hostess Twinkies were baked. Barrie and his brothers would take freshly baked buns from the conveyor belt and enjoy them with a carton of milk. On the first floor, the company baked loaves of bread and included trading cards of professional athletes in each bag. The floor was scattered with the cards, and he and his brothers would crawl the factory floor picking up the ones they liked best. 

“My dad said don’t raise your back because you’ll burn it on the oven, and keep your hands away from the slicer,” Barrie recalls. 

When the co-founders expanded to the second floor, he was gifted a box of the baked goods to celebrate the milestone, he says. Aside from his childhood memories, Barrie says it's good to see the building where his father worked for 22 years revitalized once more.

The Wonder Bread Building was built in 1909 and by 2000 had shut down its operations. As reported by the Journal of Business, in 2017, Mounsey laid out a $12 million plan to redevelop the long-shuttered manufacturing building. In 2018, it opened with about 100,000 square feet of office space and a food hall on the first floor. 

“I’m always in awe of people that can see something, rough and undiscovered, develop a vision for it, and turn it into something really fantastic,” Barrie says. “And then there’s all the other activities that are happening here with the new soccer stadium and other developments that are planned. It just creates a lot of vibrancy for downtown and the core of Spokane.”