Trovata Acquires ATOM, Unlocking Full Treasury Management Capabilities to Redefine Corporate Treasury

Trovata ATOM acquisition represents a bold leap in treasury tech consolidation. By acquiring ATOM from Financial Sciences, Trovata integrates robust TMS capabilities into its modern, cloud-native treasury platform—designed to meet the needs of global enterprise finance teams.

With ATOM’s deep treasury feature set—including support for debt and investment instruments, intercompany transactions, in-house bank support, credit facilities, FX hedging, full domestic and international payment workflow, bank fee analysis and bank account management—fully integrated into Trovata’s cloud-native platform, Trovata becomes the first modern, viable TMS alternative to the legacy incumbents. The combined offering delivers unprecedented scale, flexibility, and performance for corporate finance and treasury teams seeking to modernize.

Trovata also announced a $9 million strategic extension to its Series B round from new investors State Street Corporation and The PNC Financial Services Group, Inc. This brings the company’s total funding to $80 million, with over $50 million previously raised from a consortium of some of the world’s largest financial services companies, including J.P. Morgan, Wells Fargo, National Australia Bank, Capital One Ventures, and Mastercard.

“There hasn’t been a new TMS built in nearly three decades,” said Brett Turner, Founder and CEO of Trovata. “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.”

Alf Newlin, Co-Founder and CEO of Financial Sciences, added: “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.”

Unlike legacy platforms that are cloud-hosted but not cloud-native, Trovata was built from the ground up on a microservices architecture that’s entirely serverless. Its infrastructure deploys in minutes—not months—and scales instantly, whether through direct enterprise engagement or its network of preferred banking partners.

In a space overdue for reinvention, Trovata is setting a new standard. Its integrated platform—powered by AI, APIs, and now a full TMS suite—is transforming how companies manage cash and risk to make better and faster decisions.

With the Trovata ATOM acquisition, the company sets a new standard for treasury transformation by giving customers a modern option instead of old ones.