TLDR:
Embat, a Spain-based fintech company, raised EUR 14.7 million in a Series A funding round led by Creandum and other investors. The funding will be used to develop optimised treasury management and support the overall digitalisation and automation of finance teams.
Article Summary:
Embat, a fintech company based in Spain, recently announced a successful Series A funding round, raising EUR 14.7 million. The funding was led by Creandum, an international venture capital fund, with the participation of other investors such as Samaipata, 4Founders, and Venture Friends. The funding round also included prominent business angels to support the company’s international expansion efforts.
Embat was founded with the goal of digitalising and automating finance teams, prioritising efficiency and security within organizations. The company aims to meet the evolving needs and demands of customers while remaining compliant with regulatory requirements. The funding will enable Embat to provide end-to-end treasury systems to companies at a fraction of the cost compared to legacy players.
Embat’s treasury management SaaS product serves multiple corporate clients across Europe, with plans to accelerate development in major European markets. The company also aims to leverage generative artificial intelligence in the financial sector. By offering comprehensive, secure, and real-time solutions for treasury management, Embat helps financial teams save time and gain global visibility of cash flow.
In conclusion, Embat’s successful funding round will support the company’s mission to optimize day-to-day efficiency for finance teams, provide innovative solutions for treasury management, and expand its presence in major European markets.
