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APIs · head to head

Hasura vs Treasury Prime

Hasura logo

Hasura

APIs

GraphQL engine that instantly creates production-ready GraphQL API from databases

From
Free
Rated
-
Full reviewWebsite
Treasury Prime logo

Treasury Prime

APIs

Banking as a service platform sold to sponsor banks rather than to fintechs

From
On request
Rated
-
Full reviewWebsite

The short version

  • Only Hasura has a free tier, so it costs nothing to try first.
  • Each has a real cost: Hasura active model definition: model/command accessed more than 1,000 times monthly; Treasury Prime a fintech cannot buy Treasury Prime directly since the 2024 pivot, so the sales process starts with finding a sponsor bank willing to take your programme, which adds months and removes most of your negotiating leverage on fees.
  • They diverge on capability: Hasura covers GraphQL API, Treasury Prime covers BankOS.
  • Prices and features above were last checked on 31 August 2026.

Where they differ

Only the attributes on which Hasura and Treasury Prime actually diverge.

Attributes where Hasura and Treasury Prime differ
AttributeHasuraTreasury Prime
Starting priceFreeOn request
Pricing modelfreemiumquote
Free tierYesNo
PlatformsWebAPI, Web
Founded2017Unknown

Identical on both: user rating (Not yet rated), category (APIs).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Hasura

  • GraphQL API
  • Real-time subscriptions
  • Access control
  • PostgreSQL
  • MySQL
  • Webhooks
  • REST APIs
  • Cloud support

Only in Treasury Prime

  • BankOS
  • OneKey Banking
  • Deposit accounts
  • Payments
  • Card issuing
  • Bank oversight tooling
  • Ledger and reconciliation
  • Programme onboarding

What people use each for

The jobs each tool is most often brought in to do.

Hasura

  • Automatic GraphQL API generation from existing databasesnot Treasury Prime
  • Real-time data subscriptions for modern applicationsnot Treasury Prime
  • Backend infrastructure for web and mobile applicationsnot Treasury Prime
  • Event-triggered webhooks for database changesnot Treasury Prime

Treasury Prime

  • A community or regional bank that wants to run an embedded finance line with examiner-acceptable oversight of its fintech programmesnot Hasura
  • A fintech that has already chosen its sponsor bank and needs API access to that bank rather than to a middleware layernot Hasura
  • A company that wants deposits spread across several banks for FDIC coverage beyond a single institution limitnot Hasura
  • A bank replacing a fragile middleware arrangement with a structure where it holds the customer contract and the oversight obligationnot Hasura

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Hasura

  • Active model definition: model/command accessed more than 1,000 times monthly
  • Private DDN requires Base or Advanced plan

Treasury Prime

  • A fintech cannot buy Treasury Prime directly since the 2024 pivot, so the sales process starts with finding a sponsor bank willing to take your programme, which adds months and removes most of your negotiating leverage on fees.
  • Commercial terms including minimum deposit balances, reserve requirements and per transaction pricing are set by the bank rather than the platform, so two fintechs on the same software can face materially different economics with no public benchmark.
  • The company cut roughly half its staff in the 2024 pivot, which reduced the teams that supported fintech customers directly and left fintechs relying on their bank for support rather than on the vendor who wrote the software.
  • Bank risk appetite is now the binding constraint, and after the Synapse failure sponsor banks decline programmes in higher risk categories that a middleware provider would once have onboarded, so some business models simply cannot get placed.
  • If your sponsor bank exits the programme or is told by its regulator to reduce fintech exposure, you are migrating your entire deposit base to another institution, and the software being the same at both ends does not make that a small project.

Pricing, plan by plan

Hasura

Free
  • DDN FreeFree
    • Unlimited models
    • 1 supergraph developer
    • 15-minute observability retention
  • DDN Base$5/month
    • Per active model billing
    • Unlimited developers
    • 30-day observability retention
  • DDN Advanced$30/month
    • Per active model billing
    • Federated collaboration
    • Multi-repo CI/CD

Treasury Prime

On request
  • BankOS$undefined/year
    • Sold to sponsor banks, not directly to fintechs
    • Fintech commercial terms are set by the sponsor bank
    • Minimum deposits, reserves and per transaction fees vary by bank

Which should you pick?

Choose Hasura if

  • You need graphql api.
  • You want to start without paying.
  • You also want real-time subscriptions.
Hasura review

Choose Treasury Prime if

  • You need bankos.
  • You work on API, Web.
  • You also want onekey banking.
Treasury Prime review

Questions people ask

Is Hasura or Treasury Prime better?
Neither clearly leads. Hasura starts at Free and Treasury Prime at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Hasura or Treasury Prime?
Hasura has a free tier; the other does not. Paid plans start at Free for Hasura and On request for Treasury Prime.
Does Hasura or Treasury Prime run on more platforms?
Hasura runs on Web. Treasury Prime runs on API, Web.
Can I use Hasura for free?
Yes. Hasura has a free tier, so you can try it without paying. Treasury Prime starts at On request.
What is Hasura best used for?
Hasura is most often used for automatic graphql api generation from existing databases, real-time data subscriptions for modern applications, backend infrastructure for web and mobile applications, event-triggered webhooks for database changes. Of those, automatic graphql api generation from existing databases and real-time data subscriptions for modern applications are not what Treasury Prime is typically brought in for.
What can Hasura do that Treasury Prime cannot?
Hasura covers GraphQL API, Real-time subscriptions, Access control, PostgreSQL. Treasury Prime covers BankOS, OneKey Banking, Deposit accounts, Payments.

Answered from the vendors’ own pages

Hasura: How much does Hasura cost?

Hasura DDN Free is free. DDN Base starts at $5/active model/month, and DDN Advanced starts at $30/active model/month.

Source
Treasury Prime: Can a fintech buy Treasury Prime directly?

No. Since the 2024 pivot it sells to banks. A fintech contracts with a sponsor bank running BankOS, and the bank sets the terms.

Hasura: What is an active model in Hasura pricing?

An active model is defined as any model or command accessed more than 1,000 times monthly.

Source
Treasury Prime: Why did it change model?

Regulatory pressure on the tri-party middleware structure, sharpened by the Synapse failure. Examiners want the bank holding the customer contract and the oversight obligation, which is what bank-direct means.

Hasura: Is there a free version of Hasura?

Yes, Hasura DDN Free is always free and includes unlimited models, 1 supergraph developer, and 15-minute observability retention.

Source
Treasury Prime: What is OneKey Banking?

A way of spreading deposits across several banks in the network, used for FDIC coverage above a single institution limit and for resilience if one bank exits.

Treasury Prime: Is pricing published?

No, at neither the bank nor the fintech level. Fintech economics are set by the sponsor bank, so expect wide variation.

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