Trovata, a San Diego, CA-based supplier of a multibank information platform, acquired ATOM, a Jersey Metropolis, NJ-based supplier of a treasury administration system (TMS) developed by Monetary Sciences Company.
Thsa quantity of the deal was not disclosed.
With the acquisition, Trovata will develop its choices.
ATOM gives a deep treasury function set that features assist for debt and funding devices, intercompany transactions, in-house financial institution assist, credit score amenities, FX hedging, full home and worldwide cost workflow, financial institution price evaluation and checking account administration.
Led by CEO and Founder Brett Turner, Trovata is a supplier of a cloud-native treasury platform constructed on company banking APIs and AI that companions with monetary establishments to ship new digital experiences for company finance and treasury groups at scale.
Trovata additionally introduced a $9M strategic extension to its Sequence B spherical from new traders State Road Company and The PNC Monetary Companies Group, Inc. This introduced the corporate’s whole funding to $80M, with over $50M beforehand raised from a consortium of monetary companies corporations, together with J.P. Morgan, Wells Fargo, Nationwide Australia Financial institution, Capital One Ventures, and Mastercard.
FinSMEs
25/07/2025
