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Embat, a European fintech specializing in real-time treasury management, has acquired Necto, a US-based provider of multi-bank API connectivity, to enhance banking data access and instant payment execution.
Necto’s platform integrates with over 30 banks and nearly 100 API services, allowing businesses to connect with multiple financial institutions through a single access point. The acquisition strengthens Embat’s cloud-based treasury management system, which automates receivables, payments, forecasting, and bank reconciliation, reducing operational workload by up to 75%.
Embat will be able to cover UK, Spain, and the DACH region
Embat’s platform, used by corporate finance teams in Europe and North America, integrates with leading financial institutions such as J.P. Morgan, Citi, Barclays, HSBC, Commerzbank, Deutsche Bank, and Wells Fargo. The acquisition boosts its ability to serve key markets, including the UK, Spain, and the DACH region (Germany, Austria, Switzerland).
Tomás Gil, Partner and CTO at Embat, said the acquisition aligns with the company’s API-driven approach. “At Embat, we are committed to modernizing banking infrastructure through APIs, and Necto’s technology perfectly aligns with our vision. Their solution complements our banking connectivity capabilities and allows us to expand our coverage and partnerships with major global banks.”
Necto CEO Guido Schulz highlighted how the deal enhances corporate treasury solutions. “Necto’s global corporate bank API network enhances Embat’s advanced treasury platform by expanding seamless, real-time bank connectivity for corporate clients. Together, we are strengthening Embat’s ability to deliver a unified, automated solution for cash and payments, redefining how corporates streamline banking and treasury operations at a global scale.”
Traditional banking integrations require custom programming and maintenance, leading to inefficiencies. The combined Embat-Necto platform eliminates these issues with SOC 2-compliant cloud-based infrastructure, ensuring secure and cost-effective treasury management. Embat currently integrates with 15,000+ banks and supports transactions in 70 currencies, managing financial flows for 300+ corporate clients. The acquisition positions the company as a leader in real-time banking and corporate cash management solutions.
