Embat is a Madrid-based fintech building an AI-powered treasury management platform that gives CFOs and finance teams real-time visibility and control over cash, bank connectivity, payments, and forecasting. Founded in 2021, it serves mid-market and large enterprises across Spain, the UK, and Germany, and has processed millions of bank transactions worth billions of dollars. It has raised over €50M total, most recently a €30M Series B led by Cathay Innovation, and acquired banking-connectivity startup Necto in 2025.
SectorsFintech, Treasury Management, SaaS, AI
Start-up MapFintech › Finance operations software
Founders
A
Antonio Berga
Co-CEO & Co-Founder
C
Carlos Serrano García-Lisón
Co-CEO & Co-Founder
T
Tomás Gil Etreros
CTO & Co-Founder
Global models 5
RRamp
United States · ramp.com ↗
AI-driven finance platform for corporate spend, cash, and treasury management targeting CFOs, similar mid-to-large enterprise finance-ops positioning.
$1.9BComparable
BBrex
United States · www.brex.com ↗
Corporate card and spend/cash management platform for finance teams, overlapping with Embat's CFO-focused treasury visibility use case.
$1.5BComparable
AAirbase
United States · www.airbase.com ↗
Spend and finance operations management platform for mid-market CFOs, close functional overlap with Embat's finance-team tooling.
$205MComparable
KKyriba
United States · www.kyriba.com ↗
Longstanding global leader in cloud treasury and cash management software, the most direct pure-play competitor to Embat's core product.
$140M+Comparable
MModern Treasury
United States · www.moderntreasury.com ↗
Payment operations and treasury infrastructure software for finance teams, closely matching Embat's bank connectivity and payments focus.
$100M+Comparable
In the same niche 22 others
See all in the Start-ups Map →
Notes: Most funded first
Investors 9
Open as list →4
4Founders Capital
www.4founders.capital
VVentureFriends
www.venturefriends.vc
SSamaipata
www.samaipata.vc
CCreandum
www.creandum.com
CCathay Innovation
www.cathayinnovation.com
B
Borja Prado
K
Kilian Thalhammer
M
Martin Blessing
M
Maximilian Tayenthal
Funding rounds 4
| Date | Round | Amount | Lead |
|---|---|---|---|
| 2026-05-12 | Series B | €30M |
Cathay Innovation
+4 more
|
| 2024-02-27 | Series A | $16M |
Creandum
+5 more
|
| 2023-06-26 | Seed (estimated) | €5M |
Samaipata
+2 more
|
| 2022-04-27 | Pre-seed (estimated) | €1.5M |
VentureFriends, 4Founders Capital
+2 more
|