Madrid-based fintech startup Embat has secured €30 million in Series B funding to accelerate its international expansion and further develop its AI-powered treasury management platform.
The round was led by Cathay Innovation, one of Europe’s largest AI-focused venture capital firms, with continued participation from existing investors including Creandum, Samaipata, 4Founders Capital, and Venture Friends.
Founded in 2021, Embat has now raised more than €50 million in total funding.
Building AI Infrastructure For Corporate Treasury Operations
Embat develops treasury management software designed to help mid-sized and large companies automate financial operations in real time.
The platform centralises treasury, accounting, payments, and cash management processes while integrating with more than 15,000 banks and major ERP systems.
Founded by former J.P. Morgan executives Antonio Berga and Carlos Serrano alongside former Fintonic CTO Tomás Gil, the company focuses on replacing fragmented manual finance workflows with AI-driven automation.
According to the company, its technology allows finance teams to automate up to 80% of manual treasury tasks.
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Expanding Across The UK And Ireland
A major portion of the new funding will support Embat’s expansion across the UK and Ireland.
Since launching operations in the region 12 months ago, the company has onboarded customers across cities including London, Manchester, and Bristol.
The company plans to further scale its local operations, expand its commercial team, and strengthen its go-to-market strategy as demand for AI-powered finance infrastructure continues to grow among mid-market businesses.
AI-Native Treasury And Cash Management
One of Embat’s core products is TellMe, its proprietary AI treasury analyst designed to automate operational finance workflows.
The system handles treasury management, accounting processes, reconciliations, payments, forecasting, and cash optimisation while helping finance teams reduce manual workloads and improve real-time visibility into liquidity positions.
The company was also among the early fintech firms in Europe experimenting with generative AI for treasury automation. In 2022, Embat partnered with Google on AI-powered accounting and bank reconciliation workflows.
Supporting CFOs With Real-Time Financial Visibility
Embat positions its platform as a solution for CFOs and treasury teams still relying heavily on spreadsheets and disconnected systems.
Its clients include companies such as Treatwell, Fever, Northern Data, PetLab Co., Arena Racing Company, and International Schools Partnership.
According to Antonio Berga, the new funding will help accelerate Embat’s growth across Europe while expanding access to AI-driven financial operations tools.
The company says growing volatility across interest rates, currencies, and inflation is increasing demand for automated treasury infrastructure capable of delivering real-time financial visibility and operational efficiency.
About Embat
Embat develops AI-powered treasury management software for mid-sized and enterprise businesses. Its platform centralises payments, cash management, forecasting, and accounting workflows while automating treasury operations through AI-native tools. The company operates across Europe with offices in Madrid, London, Berlin, and Munich.
