Embat, a Spanish fintech specializing in real-time treasury management, has secured $16 million in Series A funding led by Creandum to enhance its solutions and expand its market presence.
Information on the Target
Embat is a Spanish fintech firm focused on real-time treasury management, providing innovative solutions that streamline the financial processes for corporate teams. Founded in 2021 by former JP Morgan executives Antonio Berga and Carlos Serrano, along with Tomás Gil, Embat aims to digitize and automate essential financial operations such as accounting and bank reconciliation.
The company's technology centralizes collections, payments, and treasury processes, leading to significant time savings for finance teams. Currently, Embat boasts a diverse client base of 150 corporations across Europe, including notable names such as Playtomic, Cabify, Wallapop, and Fever.
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Industry Overview in Spain
The fintech industry in Spain has seen remarkable growth in recent years, driven by an increased demand for digital financial solutions. With advancements in t
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Creandum
invested in
Embat
in 2023
in a Series A deal
Disclosed details
Transaction Size: $16M