Trovata, a leading multibank data platform for cash and liquidity management, has acquired ATOM, an enterprise Treasury Management System (TMS) from Financial Sciences Corporation.
ATOM acquisition: This strategic move aims to modernize and democratize treasury technology, positioning Trovata as the first viable cloud-native alternative to outdated legacy systems.
The integration of ATOM’s comprehensive features—including debt and investment support, intercompany transactions, and complete payment workflow—into Trovata’s platform promises unprecedented scale, flexibility, and performance for global finance and treasury teams.
Funding: Trovata has announced a strategic extension of $9 million to its Series B funding round, increasing its total funding to $80 million. This round has attracted new investors, including State Street Corporation and The PNC Financial Services Group. And previous funding was provided by major financial institutions, including J.P. Morgan, Wells Fargo, and Mastercard.
Value proposition: Unlike traditional platforms, Trovata’s system is built from the ground up on a serverless, microservices architecture, allowing for rapid deployment and instant scalability. This AI-powered, API-driven, and now comprehensive TMS-suite platform is designed to transform how companies manage cash and risk, enabling faster and more informed financial decisions.
Trovata is dedicated to reengineering cash management, moving beyond spreadsheets and legacy systems to provide real-time visibility, intelligent forecasting, and seamless money movement in a single, unified platform for corporate finance and treasury teams worldwide.
KEY QUOTES:
“There hasn’t been a new TMS built in nearly three decades. We pioneered corporate banking APIs and the only true cloud-native treasury platform in the market with meaningful scale. Now, with ATOM, we have the firepower to compete directly with the legacy incumbents—and replace them. This isn’t just expansion. It’s a generational shift in treasury tech.”
Brett Turner, Founder and CEO of Trovata
“ATOM was built for complexity and designed to serve Fortune 500 treasury teams with global scale. Combining our comprehensive and battle-tested treasury system with Trovata’s platform architecture and bank distribution model creates a solution that’s both powerful and unmatched.”
Alf Newlin, Co-Founder and CEO of Financial Sciences
