Spanish FinTech firm Embat, a disruptor in the financial planning and treasury management space for businesses, is taking a significant leap forward.
The company, established by former J.P. Morgan executives Antonio Berga and Carlos Serrano, is recognised for its robust platform dedicated to digitising the entire accounting and financial planning procedures for businesses.
Raising a substantial €5m in a funding round, Embat is all set to turbocharge its expansion plans and continuously develop new product features, according to a report from tech.eu. Spearheaded by Samaipata, the funding round witnessed the participation of prominent investors such as 4Founders and Venture Friends.
Embat operates a cutting-edge cloud-based SaaS solution that significantly simplifies the management of high volumes of banking transactions for companies operating in multiple currencies and banking partnerships. The solution enables seamless connection with all of a company’s banks and links with the ERP, ensuring real-time information flow in just a few minutes.
With this new capital infusion, the company intends to take several crucial steps towards achieving its vision. The founders envision Embat as a comprehensive solution that handles all processes related to treasury management, allowing clients to centralise and automate all their operations via Embat’s platform. The ultimate goal is to position Embat as the link between the clients and their financial partners, serving as their trusted FinTech ally.
José del Barrio, Founding Partner of Samaipata, spoke highly of Embat’s potential. He noted the limited penetration of financial software in the European market to date and described it as a significant opportunity.
He said, “We believe that the market for financial software 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.”
In addition to the current round, the founders Berga and Serrano expressed their ambitious plans for the platform, stating “Our vision is to be able to cover all the processes linked to treasury management, so that our customers can centralise 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.”
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