Trovata, a San Diego, CA-based provider of fintech platform for managing cash, raised $27 million in Series B funding
The round was led by Fin Capital, with participation from JPMorgan Chase Strategic Investments, Wells Fargo Strategic Capital, Capital One Ventures, Pivot Investment Partners, and NAB Ventures.
The company intends to use the funds to accelerate growth, and expand operations and its business reach having opened offices in London and Amsterdam to support its European expansion plans for its cash management platform for businesses.
Company: Trovata Inc.
Raised: $27.0M
Round: Series B
Funding Month: June 2022
Lead Investors: Fin Capital
Additional Investors: JPMorgan Chase Strategic Investments, Wells Fargo Strategic Capital, Capital One Ventures, Pivot Investment Partners, and NAB Ventures
Company Website: https://trovata.io/
Software Category: Cash management platform
About the Company: Led by CEO Brett Turner, Trovata is a data-driven enterprise fintech platform that is 20 years in the making, rovata helps businesses automate the work it takes to gather and normalize all of its financial data., Trovata provides a platform for businesses to automate cash reporting, forecasting, analysis, and money movement. Companies can gain insights into their cash flows and make business decisions easier. The experience is fully integrated with corporate banking APIs for multi-bank data aggregation, cash visibility, analysis, forecasting, and payments with no IT required
Source: https://www.finsmes.com/2022/06/trovata-raises-27m-in-series-b-funding.html