Trovata raises USD 20 mln in funding round

Tuesday 19 January 2021 13:04 CET | News

US-based startup Trovata has raised USD 20 million in new funding to deliver new services and accelerate multibank application programming interfaces globally.

The round was led by Wells Fargo Strategic Capital and included Capital One Ventures, Pivot Investment Partners, J.P. Morgan and FINTOP Capital.

Founded in 2016, Trovata is a software company with a focus on data-driven enterprise financial technology. With a platform that offers cash flow analysis, automation, and data science, the startup seeks to address two major trends in banking: the need for APIs for commercial banking and treasury services and the cloud transformation of enterprise information technology.

Trovata’s platform can aggregate bank balances and transactions in real time to deliver automated cash-centric workflows, such as cash reporting, analysis, and forecasting. That allows customers to see how much cash they have in real time, manage cash flow, and build and maintain forecasts.

Including the new round, Trovata has raised USD 30.6 million.

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Keywords: Trovata, funding, Open Banking, digital banking, cash analysis, API, cloud banking
Categories: Banking & Fintech
Countries: United States
This article is part of category

Banking & Fintech

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