Embat has closed a financing round of $16 million Series A led by Creandum, Spanish VC Samaipata, 4Founders, and Venture Friends in Greece.

Madrid-based startup Embat, founded in 2021 to digitize and automate processes for finance teams, automates accounting and bank reconciliation and deals with corporate treasury management, centralizing collections, payments, and treasury processes, Embat was created by 3 founding partners: Carlos Serrano García-Lisón and Antonio Berga - both former executives at JP Morgan - and Tomás Gil, former CTO at Fintonic and Latam.

After over a decade in investment banking, Antonio Berga and Carlos Serrano identified a critical need among finance teams for cloud-connected, collaborative, and intuitive tools to enhance visibility and control over their processes. Motivated by this, they partnered with Tomás Gil to launch a project aimed at empowering thousands of finance teams to streamline their operations.

Antonio Berga, Co-founder of Embat:  "This investment is more than just financial backing; it's a testament to the trust and belief in our collective mission and vision to redefine treasury management and set the stage for the corporate bank of the future.With a vibrant team of over 70 international #Embatianos and a solid foundation of c.150 clients, our expansion plans across key European markets, including the UK and Germany, are deeply intertwined with our commitment to innovation, technology, and, most importantly, fostering and nurturing human connections.

This chapter of our 'Infinite Game' is a reflection of what we can achieve together. It's a narrative of growth, ambition, and a relentless pursuit of excellence."