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§ Private Profile · San Diego, CA, USA
Trovata Inc. is a technology company.
Trovata Inc. provides an AI-powered platform designed to automate and manage corporate cash and liquidity. Their core product integrates bank data with treasury workflows, offering real-time cash visibility, advanced forecasting capabilities, comprehensive reporting, and streamlined payment automation. The platform unifies financial data and leverages artificial intelligence to provide actionable insights for treasury and finance operations.
The company was founded by Brett Turner, who previously honed his expertise as a CPA at Deloitte. Turner established Trovata with the foundational insight that corporate finance operations could be significantly enhanced by automating the traditionally manual and fragmented processes of cash management, bridging the gap between various banking systems and treasury functions.
Trovata's platform serves a broad range of finance and treasury professionals, including CFOs and accounting teams within businesses seeking to optimize their financial operations. The company’s vision centers on transforming corporate cash management by delivering complete and unified control over liquidity, enabling organizations to make faster, more confident decisions and foster a more intelligent and interconnected financial ecosystem.
Trovata Inc. has raised $65.8M across 5 funding rounds.
Trovata Inc. has raised $65.8M in total across 5 funding rounds.
Trovata Inc. has raised $65.8M in total across 5 funding rounds.
Trovata Inc.'s investors include PNC Bank, State Street, AYANA Capital LLC, MTech Capital, Capital One Ventures, J.P. Morgan, NAB Ventures, Pivot Investment Partners, Wells Fargo Strategic Capital, Basil Darwish, FINTOP Capital, Jason Tiede.
Trovata Inc. is a San Diego-based fintech company that provides an open banking platform automating cash management for mid-market and enterprise businesses. It builds a Treasury Management System (TMS) integrating real-time data from banks, accounting systems, and markets to enable cash visibility, forecasting, analysis, payments, and liquidity management[1][2][4][6]. Serving finance and treasury teams at companies like Square, Eventbrite, and Krispy Kreme, Trovata solves the problem of fragmented financial data by aggregating, normalizing, and automating it—answering questions like current cash position and future flows without manual effort[1][2]. With over $100 billion in managed cash, $56.8 million in total funding (including a $27 million round), and backing from J.P. Morgan, Wells Fargo, and Capital One, it has achieved rapid U.S. growth as the fastest-growing treasury platform[2][3].
Trovata was founded in 2016 by Brett Turner, a finance veteran with 20 years of experience including CPA at Deloitte, controller roles, SEC reporting at Amazon, and CFO positions at three tech startups since 2005[3][5]. The idea emerged from Turner's career-long focus on cash reporting challenges and his observation of two trends: the rise of open banking APIs from consumer fintech aggregators extending to commercial banks, and cloud IT transformations disrupting enterprise finance operations[5]. Early traction built on pioneering real-time bank APIs, evolving into a full TMS; by 2023, it launched generative AI tools powered by OpenAI for scenario planning and reporting, solidifying its position amid economic pressures on finance teams[2][4].
Trovata stands out in treasury software through cloud-native design and deep integrations:
Trovata rides the open banking and AI-driven fintech wave, capitalizing on banks' API investments and cloud shifts to replace spreadsheets and siloed systems with connected data platforms[4][5]. Timing aligns with post-pandemic economic volatility, where finance teams face cash optimization pressures amid rising rates and uncertainty—its tools provide proactivity without risk[2]. Market forces like bank-fintech collaborations (e.g., J.P. Morgan backing) and regulatory open banking pushes favor its API leadership, influencing the ecosystem by enabling embedded banking in ERPs and portals while disrupting legacy TMS providers[3][6].
Trovata is positioned for expansion as AI matures in finance and global open banking accelerates, potentially scaling to trillions in managed liquidity through deeper payments, international APIs, and enterprise AI agents. Trends like real-time payments (RTP growth) and multi-entity globalization will shape its path, evolving it from visibility tool to full growth engine for CFOs. Its bank-investor ties and API moat suggest sustained influence, bridging traditional finance with modern tech to redefine cash as a strategic asset—much like how it started by turning fragmented data into instant clarity.
Trovata Inc. has raised $65.8M across 5 funding rounds. Most recently, it raised $9.0M Trovata - Series B Extension in July 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 29, 2025 | $9M Series B Plus | — | PNC Bank, State Street | Announced |
| May 1, 2022 | $27M Series B | — | Ayana Capital LLC, MTech Capital, Capital ONE Ventures, J.P. Morgan, NAB Ventures, Pivot Investment Partners, Wells Fargo Strategic Capital | Announced |
| Dec 1, 2020 | $20M Series A | Basil Darwish | Ayana Capital LLC, MTech Capital, Capital ONE Ventures, FINTOP Capital, J.P. Morgan, Pivot Investment Partners | Announced |
| Apr 21, 2020 | $4.3M Seed Plus | Jason Tiede | FINTOP Capital | Announced |
| Apr 30, 2019 | $5.5M Seed | John Philpott, Jason Tiede | — | Announced |