[Funding alert] Madrid-based Embat Secures $16Million in Series A Funding

Angel investors in Embat's most recent round of fundraising include Martin Blessing, the former CEO of Commerzbank,the head of Deutsche Bank, lending even more weight to the company's proposition.

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Antonio Berga, co-founder of Embat said, "Having the support of such a prestigious international fund as Creandum aligns with our aspiration to grow in major European markets. Their experience supporting top-tier fintechs gives us great confidence to continue our exponential growth.”

Co-founded by former CTOs of Wonnai and Fintonic, as well as executives Antonio Berga and Carlos Serrano from JP Morgan, Embat self-bills as a service "designed by financial experts, for financial experts."

Embat says it can save financial teams up to 75% of the time spent on these tasks by offering a range of services like banking connectivity, treasury processes, payment automation, and automated accounting and reconciliation. It also says it can enable automatic monitoring of treasury forecasts and provide global cash visibility.

Embat CTO Tomás Gil shared: “We are very proud of our platform's positive impact on our clients. Besides, the trust of such an experienced investor increases our motivation to keep leading innovation in the corporate treasury sector.”

Creandum general partner Peter Specht commented: “Real-time and efficient treasury management is among the top three pain points of mid-market CFOs. Legacy players often cost more than €100,000 to set up and take six months to implement. Embat’s novel approach allows companies to set up an end-to-end treasury system in a matter of weeks and for a fraction of the cost. The company’s impressive growth in this segment reflects how mission-critical real-time cash management is to the CFO office. In 10 years every company above a certain size will use a next-gen treasury tool and we’re thrilled to back this team in making this a reality across the globe.”

About Embat

Embat wants to completely transform how SMEs manage and schedule their money. By helping financial teams avoid tedious and repetitive work, they can free up to 75% of the time they would have spent on manual chores, allowing them to concentrate on what really matters—improving their company's growth.

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