Romania: Sema Real Estate partners with Finqware to digitize treasury operations

Sema Real Estate has partnered with Romanian fintech company Finqware to implement its FinqTreasury platform, aiming to streamline the developer’s financial operations through automation and real-time data integration.

The move comes as real estate developers face growing operational complexity, with multiple banking relationships, faster payment systems, and heightened governance requirements. Sema says the integration will centralize banking data across all group accounts and entities via regulated APIs, allowing real-time liquidity monitoring, centralized payment initiation, and automatic reconciliation with its ERP system.

Lucian Grosaru, CEO of Sema Real Estate, described the project as part of a broader digital transformation strategy: “Digitalization is currently one of our top strategic priorities… offering real-time automation, extended visibility into financial flows, and a high degree of traceability, with minimal manual intervention.”

Implementation Details and Expected Impact
While Sema did not disclose the investment cost or implementation timeline, the company says it expects to improve efficiency in collections, payments, and cash visibility while reducing manual workloads in its finance department. Questions remain over whether the changes will impact staffing levels or result in cost savings, and how success will be measured in tangible terms.

Finqware CEO Cosmin Cosma said the adoption of FinqTreasury by Sema reinforces its position as “the industry standard for financial digitalization” in the real estate sector. The platform is already in use by several major property groups in Romania and Central and Eastern Europe, including Globalworth, NEPI Rockcastle, and Iulius Group.

Industry Context
Treasury automation is becoming more common in Romania’s real estate market, driven by instant payment systems such as SEPA Instant and Transfond, as well as regulatory changes pushing for more transparent and efficient financial flows. However, analysts note that while automation improves operational control, it also raises cybersecurity and system-dependency considerations.

Sema Real Estate, active for over 20 years in the Bucharest market, is best known for the large-scale Sema Parc and The Light developments, which together comprise more than 150,000 square metres of office space.

Finqware, authorized as a pan-European payment institution, provides open banking-based integration tools used by both corporates and banks in the region. Its pricing model, service-level guarantees, and integration challenges vary by client, with details for the Sema project not yet disclosed.

Photo: Lucian Grosaru, CEO of Sema Real Estate