Trovata is a multibank data platform for cash and liquidity management that provides real-time visibility, intelligent forecasting, and unified money movement for corporate finance and treasury teams. Its system is built on a serverless, microservices architecture and is AI-powered and API-driven. Trovata recently acquired ATOM, an enterprise Treasury Management System from Financial Sciences Corporation, and will integrate ATOM features such as debt and investment support, intercompany transactions, and a complete payment workflow. The acquisition is positioned to modernize and democratize treasury technology, creating a cloud-native alternative to legacy TMS providers and expanding scale, flexibility, and performance for global finance teams. Trovata also announced a $9 million strategic extension to its Series B, bringing total funding to $80 million. Trovata provides a platform to automate cash reporting, forecasting, analysis, and money movement, fully integrated with corporate banking APIs for multi-bank data aggregation, cash visibility, forecasting, and payments with no IT required. Led by CEO Brett Turner, the company serves mid-market and enterprise customers. Since its market launch nearly three years ago, Trovata has served hundreds of customers managing over $100 billion in cash and more than 50 million bank transactions. The company has opened offices in London and Amsterdam to support its European expansion. Trovata says it will use new funding to accelerate growth, expand operations, and broaden its business reach. Companies using the platform can gain insights into cash flows and make business decisions more easily. Trovata.io provides a platform that aggregates companies' bank balances and transactions natively on wholesale banking APIs and acts as a high-performance data lake for bank data. Using AI and machine learning it automates cash-centric workflows such as cash reporting, analysis, and forecasting, and generates forecasts by establishing baselines from historical trends. The platform normalizes data, translates non-USD amounts into USD equivalents, supports tagging by region/entity/division, and offers a Google-like natural language search with a 300 millisecond response rate. Founder and CEO Brett Turner launched the 35-employee company in 2019 to enable prebuilt bank integrations that remove legacy implementations and enable self-setup. Trovata says revenue is confidential, its average deal size is roughly $25,00, and it has grown from 0 to nearly 100 mid-market and small enterprise customers in 18 months while expecting to grow 4 to 5 times this year. The company plans to use new funding to deliver new services, accelerate multi-bank APIs globally, add more bank distribution partners, and will announce a new up-market enterprise product later this month. Trovata.io is a San Diego-based provider of automated cash reporting and forecasting solutions for corporate finance and treasury teams. The company offers a big-data automation platform that uses direct APIs to bridge banks and accounting systems and provide visibility into cash flow. Its solution targets small, medium and large companies with revenues between $20 million and $5 billion. Trovata's platform enables users to gain insights into cash flows and make quicker business decisions. The company said it will use the funds to continue expanding its development efforts and broaden its business reach. Brett Turner is the founder and CEO. Trovata.io provides an automated cash-management and forecasting platform that bridges banks and accounting systems using open banking and machine learning. The product helps businesses build and update cash forecasts by automating data aggregation, typically with setup in less than an hour. Trovata targets finance and treasury teams at companies with revenue between $20 million and $2 billion. Since its launch late last year the company says it has experienced rapid expansion. Leadership plans to use new funding to ramp sales and marketing, accelerate product development, and hire additional team members. The company is based in San Diego and is led by founder and CEO Brett Turner.

Total raised

$66M

Funding rounds

5

Latest round

Series B

Latest activity

Jul 2025