Embat, the cloud-native Spanish fintech for real-time treasury management, has secured a 5 million euros financing round to accelerate its expansion plan and continue building new product features. This new round is led by Samaipata, a leading venture capital fund in the European ecosystem, which has invested in many well-known companies, such as Deporvillage. 4Founders and VentureFriends, which had invested in the first round of investment in 2022, are participating again.
José del Barrio, Founding Partner of Samaipata, explains what brought them to lead Embat’s latest financing rounds: "We believe that the market for financialsoftware is a great opportunity and that to date it has had little penetration in Europe. Embat's rapid growth in the last year is testament of a strong product-market-fit. Embat has a state-of-the-art product and a top-notch team, and therefore we believe they are very well positioned to become the leaders in their sector."
Former J.P. Morgan executives, Antonio Berga and Carlos Serrano, founded Embat with the mission of supporting financial teams in the digitization and automation process to maximize the impact on their organizations. Today Embat has become an industry benchmark due to its differentiated product approach, user experience and continuous innovation. The company offers a solution to manage corporate treasury in a holistic way and in real time. By centralizing receivables, payables and treasury management processes, and by automating accounting and bank reconciliation, Embat enables financial teams to save up to 75% of the time they spend on these tasks. This solution also enables global cash visibility and automatic monitoring of cash forecasts.
"This financing round is a reflection of the commitment that we acquire every day with all our customers to continue innovating and investing in the evolution of the product so that they can automate their cash flow and focus on what really matters: value-added tasks for their company and achieve a better work-life balance," emphasized Antonio Berga and Carlos Serrano, founders of Embat.
Likewise, Berga and Serrano state that "having the continued support of our investors and adding a reputed partner such as Samaipata makes us very proud and gives us confidence to continue developing our business and product expansion plan. Our rapid growth has allowed us to build a team with a lot of experience and ambition, which are our fundamental pillars for this new stage of the company."
Embat, the comprehensive cloud platform that enables financial teams to automate treasury management
Launched in 2021 with the idea of providing real-time connectivity and an agile implementation process to companies that want to manage their treasury more efficiently, Embat already has around 100 customers from different sectors, including Cooltra, Grupo Larrumba, Pompeii, Clicars or Blue Sea Hotels.
Companies that have several banking relationships, work in several currencies and/or manage a high volume of banking transactions, benefit greatly from using Embat. On the one hand, it connects in a matter of minutes to all the company's banks and then connects to the ERP so that the information flows in real time.
Francesc Madurell, CFO of Cooltra and Embat client: "Embat goes beyond being a treasury management tool. The amazingthing about the solution is that it covers everything from bank aggregation to reconciliation automation. Our team now spends just a few minutes when they come into the office and it allows us to keep our accounting up to date."
Embat works hand in hand with its customers to analyze their needs and provide them with solutions that help them gain efficiency in their day-to-day business. This round will also serve to strengthen the team - now made up of some 40 people - to be able to consolidate the platform and offer a comprehensive solution to its clients. "Our vision is to be able to cover all the processes linked to treasury management, so that our customers can centralize and automate all their operations from Embat's platform. We are taking the right steps to become our clients' financial technology ally and to be the link between them and their financial partners." added the founders.
About Embat
Embat is a Spanish fintech that allows financial teams of medium and large companies to manage their entire treasury in a comprehensive way and in real time. It offers a very fast implementation process and innovative technology in the cloud to centralize all collection, payment and treasury management processes and provide visibility of cash, liquidity positions and indebtedness. It also allows you to monitor cash forecasts automatically and automate the accounting of receipts and payments and bank reconciliation. All this translates into savings of up to 75% of the time spent by financial teams on these tasks, and a drastic reduction in costs.
The platform is promoted by two former executives of J.P. Morgan, Antonio Berga and Carlos Serrano, and has a multidisciplinary team with experience in the financial and technology sector. More information at https://www.embat .io/
cloud technology axon
With a target size of €250 million, the fund aims to complete betwee...
