UncategorizedEmbat Raises $16 Million in Series A Funding for Treasury Management Expansion

Embat Raises $16 Million in Series A Funding for Treasury Management Expansion

By leveraging technology, automation, and AI, Embat is empowering financial teams to streamline operations, enhance efficiency, and gain real-time visibility into their cash transactions.

Embat, a Madrid-based fintech specializing in corporate treasury management, has successfully raised $16 million in a Series A funding round.

The funding round, led by Creandum, an international venture capital fund, aims to fuel the company’s global expansion plans. With participation from existing investors Samaipata, 4Founders, and Venture Friends, as well as angel investors Kilian Thalhammer (head of Deutsche Bank) and Martin Blessing (former CEO of Commerzbank), Embat is well-positioned to revolutionize the field of treasury management.

Embat was founded in 2021 by co-founders Antonio Berga and Carlos Serrano, both former JP Morgan executives, along with CTO Tomás Gil. The company’s cloud-based treasury management solution offers a comprehensive suite of tools to streamline treasury reconciliation, forecasting, and analysis.

By integrating seamlessly with existing banking relationships and ERPs, Embat enables companies to efficiently manage high volumes of banking transactions while ensuring accuracy and security.

Meeting the Needs of Mid-Market CFOs

One of the major pain points for mid-market CFOs is the complexity and cost associated with legacy treasury management systems. These systems often require significant upfront investment and can take up to six months to implement.

Embat aims to address these challenges by providing an end-to-end treasury system that is not only faster to set up but also significantly more cost-effective. Through automation and digitization, Embat empowers financial teams to save up to 75% of the time typically dedicated to tasks such as accounting, bank reconciliation, and cash forecasting.

The $16 million investment will primarily be allocated towards accelerating the company’s development process in key European markets. By working closely with its corporate clients and analysing their specific needs, Embat aims to continuously optimize its solution and provide tailored treasury management services.

In its pursuit of continuous improvement and innovation, Embat has partnered with Google Cloud’s Vertex AI platform. This collaboration aims to leverage the power of artificial intelligence (AI) to reduce errors and enhance efficiency for accounting teams. By integrating AI capabilities into its platform, Embat further solidifies its position as a leading provider of cutting-edge treasury management solutions.

Real-Time Treasury Management and Automation

Embat’s solution goes beyond traditional treasury management offerings by providing real-time visibility and control over cash transactions.

By centralizing collections, payments, and treasury processes, Embat enables financial teams to monitor cash positions, automate treasury tasks, and streamline financial operations. This comprehensive approach not only saves time but also minimizes the risk of errors and ensures compliance with regulatory requirements.

Embat’s success is reflected in its growing roster of satisfied customers across Europe. Companies such as Playtomic, Cabify, Wallapop, and Fever have already benefited from Embat’s cloud-based treasury management solution.

These companies have experienced significant improvements in efficiency, accuracy, and control over their financial operations.

Competitive Landscape and Future Outlook

While Embat has established a strong foothold in the European market, it faces competition from players such as Kyriba and Sage XRT. However, Embat’s unique value proposition, combined with its focus on customer-centric solutions and strategic partnerships, positions the company for continued success.

With the support of its investors and the ongoing advancements in AI and automation, Embat is poised to redefine the corporate treasury management space on a global scale.

Subscribe to get your daily business insights

Whitepapers & Resources

2021 Transaction Banking Services Survey
Banking

2021 Transaction Banking Services Survey

3y
CGI Transaction Banking Survey 2020

CGI Transaction Banking Survey 2020

4y
TIS Sanction Screening Survey Report
Payments

TIS Sanction Screening Survey Report

5y
Enhancing your strategic position: Digitalization in Treasury
Payments

Enhancing your strategic position: Digitalization in Treasury

5y
Netting: An Immersive Guide to Global Reconciliation

Netting: An Immersive Guide to Global Reconciliation

5y