Embat acquires Necto, strengthening its leadership in global corporate banking connectivity through APIs

By Embat

25/02/2025

London, 25th February – Embat, a European fintech specialising in real-time treasury management, has acquired Necto, a US-based company and the global leader in premium bank API connectivity, enabling seamless access to banking data and the execution and monitoring of instant payments. 

  • Embat is 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 by up to 75%. 
  • This acquisition extends Embat’s integration with leading financial institutions such as J.P. Morgan, Citi, Barclays, among others.
  • Necto has integrated more than 30 banks and nearly 100 API services, enabling companies to connect with multiple banks through a single access point.

This acquisition further strengthens Embat’s cloud-based platform, designed for finance teams within mid-sized and large enterprises. The solution centralises receivables, payments, and cash flow forecasting, automating accounting and bank reconciliation through AI. This enables immediate visibility of cash, liquidity, and debt while reducing operational workload by up to 75%. Additionally, the acquisition enhances Embat’s ability to support clients in key markets such as the UK, Spain, and the DACH region (Germany, Austria, and Switzerland). 

Furthermore, the fintech bolsters its real-time banking connectivity infrastructure, expanding its integrations with leading financial institutions, including J.P. Morgan, Citi, Barclays, HSBC, Commerzbank, Deutsche Bank, and Wells Fargo, with a presence across North America, Europe, and Asia. 

“At Embat, we are committed to modernising 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,” said Tomás Gil, Partner and CTO at Embat. 

A strategic acquisition to enhance global banking connectivity 

Necto’s technology enables companies to connect with multiple banks through a single access point, eliminating the need for individual integrations with each institution. This simplifies payment automation, bank reconciliation, and real-time financial data access. Since its inception, Necto has integrated more than 30 banks and nearly 100 API services. 

“Necto’s global corporate bank API network enhances Embat’s advanced treasury platform by expanding seamless, real-time bank connectivity for corporate clients,” said Guido Schulz, CEO at Necto. “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.” 

Real-time banking connectivity is transforming treasury management 

Traditionally, most businesses relied on ad-hoc bank connections to interact with their financial institutions. These methods were costly and required significant programming and maintenance efforts, leading to inefficiencies and delays. 

Against this backdrop, Necto’s technology integrates seamlessly with Embat’s platform, offering a fully cloud-based service that meets rigorous cybersecurity standards SOC 2 compliance) equivalent to those required by leading financial institutions. 

This synergy reinforces Embat’s commitment to innovation, equipping finance teams with a flexible, efficient, secure, and cost-effective infrastructure for treasury management. 

Currently, Embat integrates with over 15,000 banking institutions and supports transactions in 70 currencies, managing financial flows for more than 300 corporate clients. 

About Embat 

Embat is a European fintech that enables finance teams in medium and large enterprises to manage their treasury operations comprehensively and in real time. The platform offers an efficient implementation process and cloud-based technology to centralise cash management, payments, and collections, providing full visibility over cash positions, liquidity, and debt. It also automates treasury forecasting, bank reconciliation, and accounting for collections and payments, reducing the time spent on these tasks by up to 75% and significantly lowering operational costs. 

Embat was founded by former J.P. Morgan executives Antonio Berga and Carlos Serrano, alongside Tomás Gil, former CTO of Fintonic. The company has built a multidisciplinary team with deep expertise in financial and technology sectors. More information is available at www.embat.io 

About Necto 

Necto is the modern connectivity layer for global treasury, delivering premium multi-bank APIs through a single, unified endpoint. By eliminating the costly and complex challenge of building and maintaining direct bank integrations, Necto 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, Necto provides the infrastructure that powers real-time cash visibility, automated reconciliation, and next-generation payment flows. Our mission is to redefine global treasury connectivity—replacing legacy protocols with a dynamic API-driven future. 

Press contact 

Julia Burillo: [email protected] / +34 722 270 729 

Eduard González: [email protected] / +34 697 994 888 

Can’t get enough? Check out these latest items

Stage: Treasury @ Lely

Logo - NIBC

Risk Manager @ NIBC

1-Minute Survey: How did you land your current treasury role?

Everything you need to know to set a budget rate in 2025

Vacancy | Group Treasurer / Leader Debt Funding – Dubai

Managing KYC & AML in Corporate Treasury

Can data processes cope with a surge in M&A?

12th Annual Treasury & Cash Management in Africa & the Middle East