TLDR:
Key points:
- Embat, a Spanish fintech for real-time treasury management, raised €14.7 million in a Series A round led by Creandum.
- The funding will be used for international expansion and enhancing their treasury management platform.
Madrid-based fintech Embat has secured €14.7 million in a Series A funding round led by Creandum, with participation from Samaipata, 4Founders, and Venture Friends. The company was founded by Antonio Berga, Carlos Serrano, and Tomás Gil to support the digitalization and automation of finance teams for increased efficiency. Embat offers a real-time solution for corporate treasury management, centralizing collections, payments, and treasury processes while automating accounting and bank reconciliation.
Since its establishment in 2021, Embat has raised over $20 million, expanded its presence in the Spanish market, and experienced a substantial increase in turnover. The fintech currently serves over 150 corporate clients across Europe and has doubled its team size to 70 employees. Notable clients include Playtomic, Cabify, Wallapop, and Fever. The recent Series A funding will drive the company’s international expansion.
Embat’s collaboration with Google Cloud has revolutionized corporate treasury by enhancing accounting and bank reconciliation capabilities through AI technology. The company’s innovative approach and significant growth in the treasury management sector have attracted the attention of investors like Creandum, who believe in the mission-critical nature of real-time cash management for businesses.
Overall, Embat’s Series A funding, strategic partnerships, and commitment to innovation position the fintech as a key player in the next-gen treasury management industry, with a clear focus on providing efficient solutions for finance teams and facilitating international growth.
