About
Trovata automates cash management using APIs connecting to 2,000+ banks globally. Manages $100B+ in cash for hundreds of mid-market and enterprise customers including Block, Etsy, DraftKings, and Krispy Kreme. Raised $65.8M backed by JPMorgan, Wells Fargo, and Capital One. First to launch generative AI for treasury (2023). Named fastest-growing treasury platform in US. Founded 2016 in San Diego.
Key Facts
- [1]Founded: Founded in 2016 in San Diego, United States.
- [2]Funding: Total funding: $80M. Last round: Jul 2025. Stage: Growth.
- [3]Employees: Employee count: 51-200.
- [4]Website: Official website: trovata.io.
- [5]AI Technology: Core AI/ML technologies: Predictive ML.
- [6]Region: Region: Americas (United States).
Founder
Brett Turner
Founder & CEO
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Trovata?
Trovata automates cash management using APIs connecting to 2,000+ banks globally. Manages $100B+ in cash for hundreds of mid-market and enterprise customers including Block, Etsy, DraftKings, and Krispy Kreme. Raised $65.8M backed by JPMorgan, Wells Fargo, and Capital One. First to launch generative AI for treasury (2023). Named fastest-growing treasury platform in US. Founded 2016 in San Diego. Trovata is classified in the Enterprise Finance segment at the Applications layer of the financial AI stack.
Who founded Trovata?
Trovata was founded by Brett Turner (Founder & CEO) in 2016 in San Diego, United States. The company has been operating for 10 years.
How much funding has Trovata raised?
Trovata has raised $80M in total funding, placing the company at the Growth stage. The most recent round closed in Jul 2025. Among 79 funded Enterprise Finance companies, Trovata ranks #35 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Trovata use?
Trovata primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Enterprise Finance segment, 58 companies use this technology.
What market segment does Trovata operate in?
Trovata operates in the Enterprise Finance and Banking & Payments market segments. AI enterprise finance companies are automating and enhancing the financial operations of businesses — from accounting and treasury management to financial planning, analysis, and corporate finance. The company also has a footprint in banking & payments, reflecting its cross-functional approach to financial AI.
Where is Trovata headquartered?
Trovata is headquartered in San Diego, United States. The company operates in the Americas region. The team consists of 51-200 employees. United States is home to 324 financial AI companies tracked by AIFI Map.
Who are Trovata's competitors?
Companies similar to Trovata in the Enterprise Finance space include Unit21 ($92M raised), Kaaj ($4M raised), Lendbuzz ($310M raised), Ramp ($2.3B raised), Brex ($1.5B raised). These companies operate in related areas of financial AI: Unit21 focuses on ai-powered fraud and aml platform. Kaaj focuses on agentic ai for small-business lending automation. Lendbuzz focuses on ai auto financing for underserved populations. (Based on AIFI Map classification data.)
What products does Trovata offer?
Trovata builds applications-layer solutions for the financial services industry. The company's core offering: AI cash management platform. The platform is powered by Predictive ML technology.