Embat secures $16m from Creandum to fund expansion into the UK and Germany.
The round was led by Creandum to support international growth and product scaling.
≈ £12.6M at $1 = £0.7886 on 27 Feb 2024
A Madrid-based fintech provider offering treasury management software to automate corporate finance operations.
Embat has secured $16m in a financing round led by Creandum. Additional participation came from Samaipata, 4Founders, Venture Friends, and angel investor Martin Blessing.
The fresh capital will be directed towards international expansion, particularly targeting the UK and German markets following a period of rapid revenue growth.
The company was established during the pandemic by former J.P. Morgan executives alongside a banking technology specialist. It seeks to alleviate the administrative burden on corporate finance teams by aggregating multiple banking platforms into a single interface.
From the founder
"We spent eleven years at JP Morgan,"
Antonio Berga
Co-founder and CEO at Embat
Investor perspective
"Real-time and efficient treasury management is among the top 3 pain points of mid-market CFOs,"
Peter Specht
General Partner, Creandum
Use of funds
- 01Expand into international markets
