TLDR:
- Madrid-based FinTech Embat secures €14.7m in Series A funding for treasury management innovation
- The funding will fuel Embat’s international expansion plans
Madrid-based Embat, known for its real-time treasury management solutions, has secured a hefty €14.7m in Series A funding. The FinTech has attracted the attention and financial backing of international venture capital fund Creandum. This financial injection is earmarked for fueling Embat’s ambitious international expansion plans. Embat distinguishes itself with its user-friendly experience and ease of implementation, offering a comprehensive solution that revolutionizes corporate treasury management. Since its founding in 2021, Embat has raised over $20m, established its footprint in the Spanish market, seen a fourfold increase in turnover, and now serves over 150 corporate clients across Europe. The co-founder of Embat, Antonio Berga, expressed confidence in the company’s exponential growth with the support of Creandum for growing in major European markets.
