# Necto

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/necto

- Industry: Software
- Headquarters: New York, US
- Website: www.necto-api.com
- Total disclosed funding: $8M
- Latest round: Seed (Dec 4, 2023)
- Investors on record: 7

## About

Founded in 2023, and based in New York, US, Lync Holdco Inc., trading under the name Necto, operates as a software development company that offers multi-bank aggregating application software offering outdated financial messaging services. In December 2023, Necto raised USD 8 million in seed funding led by Nyca Partners, Point72, and Vine Ventures. Necto offers a comprehensive solution in the form of a secure API aggregator that facilitates real-time connectivity to multiple banks, regardless of varying data formats. The core product enables corporations, treasury teams, financial institutions, and technology providers to streamline bank API integrations, effectively replacing outdated host-to-host connections with modern, API-driven methods. Necto’s platform automates the normalization of data from different banks into a standardized format, simplifying the integration process and eliminating the need for extensive in-house development efforts. This service addresses critical use cases in corporate treasury operations, such as payment initiation, transaction tracking, and trade finance management, allowing clients to leverage real-time data flows in their existing systems like ERPs and data lakes. Necto primarily serves corporate finance teams and treasury departments across various geographical markets, including North America, Europe, and Asia-Pacific.

## Funding rounds

- Seed, Dec 4, 2023, $8M — Edison Partners, Nyca, Point72, Communitas Capital Partners, Avenir Growth Capital, AFG Partners, Vine Ventures

## Investors

- Edison Partners (https://capitalatlas.ai/funds/edison-partners) — Seed
- Nyca (https://capitalatlas.ai/funds/nyca) — Seed
- Point72 (https://capitalatlas.ai/funds/point72) — Seed
- Communitas Capital Partners (https://capitalatlas.ai/funds/communitas-capital-partners) — Seed
- Avenir Growth Capital (https://capitalatlas.ai/funds/avenir-growth-capital) — Seed
- AFG Partners (https://capitalatlas.ai/funds/afg-partners) — Seed
- Vine Ventures — Seed