Spanish fintech Embat has closed a Series B funding round of 30 millones de euros to accelerate its global expansion and consolidate its leadership in AI-powered corporate treasury management. The transaction, led by Cathay Innovation and backed by current investors such as Creandum, Samaipata, 4Founders y Venture Friends, raises the company's total funding to more than 50 million euros since its founding in 2021.
With this capital injection, Embat It is consolidating its position as the benchmark solution in the Spanish market and seeks to replicate its success in Alemania y Reino Unido, where it already has offices in Múnich, Berlín y Londres.
A commitment to agentic AI and global expansion
The funds from this Series B will be allocated to two strategic areas: international expansion and product investment, with a clear focus on maintaining leadership in agentic artificial intelligence and other emerging technologies applied to corporate treasury. The choice of Cathay Innovation, the largest venture capital fund in the Unión Europea specializing in AI, underlines this ambition.
Antonio Berga, co-CEO of Embat, highlights the importance of the new partner: “Having Cathay Innovation Joining them as a lead partner in this Series B round is a natural step in our ambition to become the global standard for treasury services. Their impressive international network and deep expertise in treasury strategies to market "Global agreements will be fundamental to accelerating our entry into new countries."
For its part, Jacky AbitbolManaging Partner at Cathay InnovationHe states that his investment stems from a shared vision: “What convinced us, beyond an exceptional team with a solid track record in the financial world, was their ability to respond to some of the most complex corporate challenges. Their solution, powered by cutting-edge AI, offers a concrete and robust answer to the treasury needs of large companies.”
| Metric | Figure |
|---|---|
| Funding Round (Series B) | 30 millones de euros |
| Total Cumulative Financing | More than 50 million euros |
| Number of employees | 150 |
| Corporate clients | More than |
| Key Expansion Markets | Alemania y Reino Unido |
From Spanish startup to key player in the European treasury
Founded by Antonio Berga y Carlos Serrano, both former executives of J.P. Morgan, together with Tomás Gil, former CTO of Fintonic, Embat It was founded with the mission of being a solution "from financial experts for financial experts." The company was a pioneer in Europa in 2022 when developing, together with Google, one of the first use cases of generative AI for accounting automation.
Today, the platform integrates more than 15.000 banks and the leading ERPs on the market. Its flagship product, Tell MeIt is an agent-based treasury analyst designed to optimize liquidity by detecting cash flow patterns and automating complex reconciliations. The client portfolio of Embat It includes leading companies such as Cabify, Cementos Molins, Wallapop, Grupo Construcía, Treatwell y Fever.
Carlos Serrano, co-CEO of EmbatHe concludes with a vision for the future: "The convergence of agentic artificial intelligence, real-time payments, and stablecoins It is profoundly redefining the finance function. In the next five years, finance teams that can navigate this new environment will not only gain efficiency, but will also establish themselves as a strategic pillar of growth.
Key points and frequently asked questions about Embat's expansion
How does this round of funding affect Spanish companies?
For medium and large corporations in EspañaThis operation means that one of the leading treasury management tools is strengthened. The investment in the product will allow Embat To offer more sophisticated AI-based solutions, helping chief financial officers (CFOs) optimize liquidity, automate processes, and gain more accurate real-time cash visibility for strategic decision-making.
What is the 'agent AI' that Embat is driving and what value does it bring to the treasury?
Agentic artificial intelligence, unlike traditional AI, not only analyzes data but can also take the initiative to perform complex tasks and propose actions. In the context of treasury, the agentic analyst of Embat, Tell MeIt can autonomously detect cash flow patterns, identify anomalies, automate complex bank reconciliations, and suggest decisions to optimize liquidity, acting as a proactive assistant to the finance team.
What are the implications of Embat's expansion for the Spanish fintech sector internationally?
Success Embat and its ability to attract top-tier venture capital such as Cathay Innovation This validates the maturity and competitiveness of the Spanish fintech ecosystem. Its expansion into demanding markets such as Alemania y Reino Unido positions Spanish financial technology as a benchmark in Europademonstrating that the B2B solutions developed in España They can compete and lead globally.
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