M&A DUE DILIGENCE

How I advised Ripple on its long-term growth strategy by connecting Corporate Treasurer pain points, treasury challenges, and Ripple’s product value propositions.

Bloomberg news webpage featuring a headline about Ripple paying $1 billion for GTreasure to enter the corporate treasury, dated October 16, 2025.

Context

In a 7-week sprint, I partnered cross-functionally with Corporate Development, Product, and an external vendor to research the users and customers of GTreasury, a global leader in Treasury management, Ripple’s acquisition target.

This project required balancing rigor and speed. The C-suite needed actionable insights to answer: What are the top pain points for corporate treasurers? What tools make up their ecosystem? How might Ripple’s products create value? And should Ripple partner—or acquire?

Tasks & Actions

  • Conducted 16 interviews with CFOs and Corporate Treasurers; accelerated analysis using AI-assisted synthesis to meet rapid decision timelines.

  • Mapped the treasurer’s core responsibilities, pain points, and tool stack, highlighting where Ripple’s capabilities could deliver the most strategic value.

  • Framed findings through analogies and visual storytelling to make complex systems and workflows intuitive and relevant for the C-suite and non-treasury stakeholders.

  • Synthesized insights into strategic implications “move execution closer to the intention”, clarifying both opportunities and risks for Ripple’s acquisition thesis.

Results

  • Increased UX Research visibility at the C-suite level, positioning the function as a strategic and agile partner for high-stakes product and corporate decisions.

  • Helped stakeholders build a shared understanding of the market, customer needs, and the strategic fit between Ripple and GTreasury.

  • Informed Ripple’s $1 billion acquisition of GTreasury, a global leader in treasury management systems, was announced in October 2025.

Due to the recency and the confidentiality of the project, I am unable to disclose additional artifacts. However, I am happy to share more during the interviews :).

Q2 2025

Unpack the complex relationships with visual diagrams and relatable analogy.