Madrid-based treasury management company Embat has announced the acquisition of Necto, a U.S. banking connectivity provider. This move is expected to enhance Embat’s financial integration capabilities by incorporating Necto’s network, which includes over 30 banks and nearly 100 API services. Medium and large enterprises stand to gain improved access to real-time banking data, streamlining their financial operations. The acquisition fits into Embat’s broader strategy of expanding its presence in the financial technology sector.
Previous reports on Embat’s business strategy indicated its focus on automating treasury operations and expanding internationally. In February 2024, the company secured €14.7 million ($15.96 million) in a Series A funding round to support its growth. At the time, Embat highlighted its goal of reducing the manual workload of finance teams by up to 75% through automation. The purchase of Necto appears to align with this objective, further strengthening Embat’s connectivity with major financial institutions such as JP Morgan (NYSE:JPM), Citi, Barclays, and HSBC.
How Will the Acquisition Strengthen Embat’s Banking Network?
By acquiring Necto, Embat aims to bolster its banking connectivity infrastructure, integrating with financial institutions across North America, Europe, and Asia. The company emphasized that the transaction would enhance its ability to facilitate real-time treasury management.
“At Embat, we continue to drive real-time global banking connectivity,” the company stated. “With the acquisition of Necto, we strengthen our banking connectivity infrastructure and expand our integration with leading financial institutions.”
What Does Necto Gain From This Deal?
Necto’s leadership described the acquisition as a significant step in its mission to simplify corporate banking API integrations. The company, which has focused on embedding secure financial connections within treasury systems, sees this as an opportunity to scale its services further.
“When we started Necto, our vision was to make corporate bank APIs seamless, secure, and embedded within the tools finance and treasury teams already use,” Necto stated. “Joining Embat strengthens that vision — bringing even greater scale, innovation, and impact to real-time cash management and payments.”
The acquisition aligns with broader trends in treasury management, where firms increasingly prioritize automation and real-time financial visibility. Studies highlight that companies lagging in treasury technology can achieve significant improvements through modern banking API integrations. Embat’s move to incorporate Necto’s banking network comes at a time when finance teams are looking for ways to optimize operations with minimal manual intervention.
As financial technology evolves, consolidation within the sector is becoming more common, with firms seeking to expand their capabilities through acquisitions. Embat’s decision to acquire Necto reflects a strategy aimed at enhancing its global banking connections. Finance teams using Embat’s platform may experience improved efficiencies in cash management and transaction reconciliation. The financial technology landscape continues to shift, and companies investing in banking connectivity solutions are positioning themselves for a more integrated and automated future.
