The Madrid fintech for corporate treasury management in real time in the cloud, Embat, closed a financing round of five million euros, which it will use to accelerate the company’s expansion plan, reinforce the work team and continue to improve its product and functionalities.
The operation was led by the Samaipata venture capital fund and 4Founders and VentureFriends, who were already investors in the project, also participated.
The founding partner of Samaipata, Jose del Barrio, decided to bet on the company since «the software market for financial teams is a great opportunity and to date has had little penetration in Europe. Embat’s rapid growth in the last year shows a strong product-market-fit. Embat has a state-of-the-art product and a first-rate team. That is why we believe that They are very well positioned to become the leaders in their sector”.
Embat: a tool for comprehensive corporate treasury
Founded in 2021 by former JP Morgan executives Antonio Berga and Carlos Serrano, Embat was born with the mission of supporting financial teams in their digitization and automation process to maximize the impact of their organizations and manage treasury more efficiently.
The tool allows manage corporate treasury comprehensively and in real time, all from the same platform, having total visibility of the global liquidity of the company. It connects with more than 13,000 banks, in Europe and the rest of the world, automates fraud detection processes, detects internal and external threats, automates collection and payment accounting and bank reconciliation, allows long-term projections and reports and KPIs, among several other functions.
Embat platform features
Its founders are convinced that all those companies that maintain several banking relationships, work in several currencies and/or manage a high volume of bank movements can have a great advantage with Embat, since the tool is capable of connect in minutes to all company banks and to the ERP (the business management application), making information flow in real time. With this technology, financial teams can save up to 75% of the time they spend on different tasks.
Berga and Serrano affirm that, “this round of financing is a reflection of the commitment that we acquire with all our clients to continue innovating and investing in evolve the product so that they automate their treasury and that they can focus on what really matters: value-added tasks for their company and achieve a better balance between work and personal life”.
Currently, the company is present in more than 10 countries, has a work team of 40 people and has around 100 clients, including Cooltra, Clicars, Grupo Viko, Pompeii and Metricool.
Photo: Depositphotos
Stay informed of the most relevant news on our Telegram channel
![Consumer spending on shopping apps increased 37% during Q4 2022 [AppsFlyer]](https://www.logitechgamingsoftware.co/wp-content/uploads/2023/07/imagen-2023-07-20T122224.702-336x220.jpg)
