When was Necto founded?

Necto was founded in 2023 and raised its 1st funding round within a year of its incorporation.

Where is Necto located?

Necto is headquartered in New York City, United States.

How many employees does Necto have?

As of Sep 30, 2026, the latest employee count at Necto is 8.

Is Necto a funded company?

Necto is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Dec 04, 2023.

When was the latest funding round of Necto?

Necto's latest funding was a $***** Seed round on Dec 04, 2023, with participation from 7 investors. Its primary sector is Banking Tech. In United States, the Banking Tech sector has seen $2.42B in funding in 2026 to date.

Where does Necto rank among its competitors?

Necto ranks 61st amongst 241 active competitors, of which 85 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Belvo, which secured $15M in Apr, 2025.

Who are the top competitors of Necto?

Necto's top competitors include Mambu, Yodlee and Plaid. Among them, Belvo secured the most recent funding round in April, 2025.

Necto - 2026 Company Profile, Funding & Competitors

Necto is an acquired company based in New York City (United States), founded in 2023. It operates as a Provider of aggregator API platform for multiple bank data management. Necto has raised $8M in funding from Nyca Partners. The company has 241 active competitors, including 85 funded and 25 that have exited. Its top competitors include companies like Mambu, Yodlee and Plaid.

Company Details

Provider of aggregator API platform for multiple bank data management. It provides users with a platform that provides API-driven bank connectivity, allowing users to eliminate the time and cost of building bank APIs in-house. It offers a multi-bank aggregator that creates fast bank API connectivity for treasury teams.

Key Metrics

Founded Year

2023

Location

New York City, United States

Stage

Acquired

Total Funding

$8M in 1 round

Latest Funding Round

Seed, Dec 04, 2023, $*****

Investors

Nyca Partners & 6 more

Ranked

61^st among 241 active competitors

Employee Count

8 as on Sep 30, 2026

Similar Companies

Mambu & 199 more

Exit Details

Acquired by Embat (Feb 25, 2025)

View Necto's full profile

Necto got acquired by Embat on Feb 25, 2025.

Click here to take a look at Necto's acquisition in detail

Necto has raised a total funding of $8M over 1 round. Its latest funding round was a Seed round on Dec 04, 2023 for $*****. 7 investors participated in its latest round. Necto has 7 institutional investors.

Here is the list of recent funding rounds of Necto:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 04, 2023	3402408	Seed	7310690	6330691	8477023	9624581

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View details of Necto's funding rounds and investors

Necto's employee count trend

Necto has 8 employees as of Sep 26. Here is Necto's employee count trend over the years:

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Top competitors of Necto include Mambu, Yodlee and Plaid. Here is the list of Top 10 competitors of Necto, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Mambu 2011, Amsterdam (Netherlands), Series E	Provider of cloud banking platform delivering composable banking and financial experiences	$446M	TCV, EQT & 15 others	74/100
2nd	Yodlee 1999, Redwood City (United States), Acquired	Provider of cloud-based financial data aggregation and analytics	$84.3M	Warburg Pincus, Bank of America & 17 others	74/100
3rd	Plaid 2012, San Francisco (United States), Series E	Provider of a network for connecting financial accounts to applications	$1.32B	New Enterprise Associates, Spark Capital ... & 76 others	71/100
4th	MX 2010, Lehi (United States), Series C	Provider of data-driven analytics and open banking API for businesses	$610M	Album VC, TTV Capital & 36 others	71/100
5th	Belvo 2019, Sao Paulo (Brazil), Series A	Developer of open banking API solutions	$74.3M	Kaszek, Kibo Ventures & 28 others	69/100
6th	Lean 2019, Riyadh (Saudi Arabia), Series B	Provider of open banking platform for financial data and payments	$104M	Peak XV Partners, Raed Ventures & 29 others	69/100
7th	Codat 2017, London (United Kingdom), Series C	Developer of cloud-based financial analysis and forecasting solutions for small and medium businesses	$172M	American Express, PayPal Ventures & 52 others	65/100
8th	Finicity 1999, Salt Lake City (United States), Acquired	Open banking aggregation API solutions	$80M	Experian, Angelneers & 2 others	65/100
9th	Method 2019, Austin (United States), Series B	Provider of connectivity solutions for consumer credit and liability accounts	$60M	Emergence Capital, Y Combinator & 15 others	64/100
10th	Moneyhub 2011, Bristol (United Kingdom), Series C	Personal finance management tools for individuals and enterprises	$83.6M	SPWOne, Legal & General Investment Management ... & 7 others	64/100
61st	Necto 2023, New York City (United States), Acquired	Provider of aggregator API platform for multiple bank data management	$8M	Avenir Growth Capital, AFG & 5 others	40/100