Necto provides a secure API aggregation platform that gives corporate treasury teams and financial service providers a single, real‑time endpoint to connect to any number of banks, regardless of each bank’s native data format. The service automatically normalizes and standardizes incoming data and includes built‑in security features such as X509‑signed JWTs and end‑to‑end encryption, enabling plug‑and‑play integration with ERPs, data warehouses, and treasury management systems while eliminating the need for custom in‑house bank API development.
Funding
$8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
6ONPFounders
Product
Problem
Corporate treasury departments and financial service providers often rely on legacy bank connectivity methods such as host‑to‑host messaging, which are slow, insecure, and require extensive custom development to integrate disparate bank data formats. This complexity increases implementation time, cost, and hampers real‑time cash management across multiple banks.
Solution
Necto offers a secure API aggregation platform that provides a single, real‑time endpoint for connectivity to all of a company’s banks, regardless of each bank’s native data format. The service automatically normalizes and standardizes incoming bank data, applying advanced security protocols—including X509‑signed JWTs and end‑to‑end encryption—to satisfy corporate IT requirements. By delivering plug‑and‑play endpoints, Necto enables rapid integration with existing corporate systems such as ERPs, data lakes, and treasury management tools, eliminating the need for in‑house bank API development. The result is faster, more reliable access to bank data that supports modern treasury operations and reduces operational overhead.
Target Audience
Primary customers are corporate treasury teams, banks, treasury technology providers, enterprise resource planning (ERP) vendors, and payment service providers seeking streamlined, secure multi‑bank connectivity.
Features
- Single API endpoint that aggregates connections to any number of banks worldwide
- Automatic data normalization and standardization across heterogeneous bank formats
- Built‑in security compliance with X509‑signed JWT authentication and end‑to‑end encryption of data at rest and in motion
- Real‑time data delivery optimized for integration with ERPs, data warehouses, and treasury management systems
- Plug‑and‑play integration model that removes the need for custom in‑house bank API development
- Scalable architecture designed to support high‑volume transaction flows for large corporates and financial institutions