Embat, a Madrid, Spain-based real-time treasury management company, has acquired Necto, a NYC-based bank API connectivity company.
The amount of the deal was not disclosed.
With the acquisition, Embat will further enhance its cloud-based platform, designed for finance teams within mid-sized and large enterprises. This deal extends Embat’s integration with financial institutions such as J.P. Morgan, Citi, Barclays, among others.
Led by CEO Guido Schulz, Necto is a connectivity layer for global treasury, delivering premium multi-bank APIs through a single, unified endpoint. By eliminating the challenge of building and maintaining direct bank integrations, it empowers treasury and finance technology providers, ERPs, PSPs, corporates, and banks to move beyond outdated file-based messaging into a real-time, enriched financial ecosystem. With secure, synchronous data feeds and seamless interoperability across platforms, it provides the infrastructure that powers real-time cash visibility, automated reconciliation, and next-generation payment flows. Necto has integrated more than 30 banks and nearly 100 API services, enabling companies to connect with multiple banks through a single access point.
Founded by former J.P. Morgan executives Antonio Berga and Carlos Serrano, alongside Tomás Gil, former CTO of Fintonic, Embat is a provider of a cloud-based treasury management solution that streamlines the management of receivables, payments, and forecasting, automating accounting and bank reconciliation, enabling real-time visibility of cash, liquidity, and debt while reducing operational workload. Currently, the company integrates with over 15,000 banking institutions and supports transactions in 70 currencies, managing financial flows for more than 300 corporate clients.
FinSMEs
25/02/2025