Madrid-based fintech Embat raises €14.7 million Series A to fuel up next-gen treasury management
Summary
Antonio Berga, Carlos Serrano (both former JP Morgan executives), and Tomás Gil, co-founders of Embat, founded the company to support the digitalisation and automation of finance teams, aiming to maximise efficiency within their organisations. This allows financial teams to save up to 75% of the time dedicated to these tasks, while providing global visibility of cash and facilitating automatic monitoring of treasury forecasts. 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.” Embat works closely with its clients to analyse their needs and provide solutions that enhance their day-to-day efficiency. Tomás Gil, co-founder and CTO of Embat, commented: “Not only have we significantly improved our accounting and bank reconciliation module,but we are also among the first to apply generative artificial intelligence in the financial sector in Europe.” Peter Specht, General Partner at Creandum, added: “Real-time and efficient treasury management is among the top 3 pain points of mid-market CFOs.