Trovata, a San Diego, CA-based provider of fintech platform for managing cash, raised $27M 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, 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.
Led by CEO Brett Turner, 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.
Since its market launch nearly three years ago, Trovata has served hundreds of mid-market & enterprise customers managing over $100 billion in cash and over 50 million bank transactions.