California-based cash management platform provider Trovata is expanding into Europe with new offices in London and Amsterdam. The news comes as the firm closed a $27m series B funding round, led by Fin Capital, alongside existing investors including JPMorgan Chase Strategic Investments.
Trovata launched in 2019, using APIs to connect multiple data sources, including banks, to give a full picture of cash across the organisation. In 2021 it raised $20m in its series A round and already has a strong group of US clients such as Square and Bandwidth.
'We’ve not only built out the largest library of corporate banking APIs in the world, we’ve also built an entirely new end-to-end platform, an operating system to manage cash better, faster, and smarter,' said Brett Turner, founder and CEO at Trovata. “We’re super excited to expand into the UK and the EU.'
Treasury Technology news from the experts at Treasury Dragons.