Trovata has acquired ATOM, a leading enterprise Treasury Management System (TMS) developed by Financial Sciences Corporation, in a strategic move aimed at transforming corporate treasury operations.
The acquisition expands Trovata’s capabilities and positions it as a viable and modern alternative to long-standing legacy TMS providers, offering a powerful suite of treasury tools integrated into its cloud-native platform.
The acquisition brings a host of advanced features from ATOM into the Trovata ecosystem, including support for debt and investment instruments, intercompany transactions, credit facilities, FX hedging, and more.
This strategic milestone comes alongside a fresh $9m capital injection from State Street Corporation and The PNC Financial Services Group, Inc., which extends Trovata’s Series B round.
The company’s total funding now stands at $80m, with previous backing from major financial players including J.P. Morgan, Wells Fargo, National Australia Bank, Capital One Ventures, and Mastercard.
Trovata CEO Brett Turner said, “There hasn’t been a new TMS built in nearly three decades. 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.”
Financial Sciences CEO Alf Newlin said, “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.”
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