Overview
Embat is a dynamic European fintech company focusing on treasury management solutions. Established in 2018 in Madrid, Embat provides innovative financial management solutions for medium to large enterprises. It operates across Spain, the United Kingdom, and Germany, offering a cloud-based platform that centralizes treasury operations to boost efficiency and accuracy.
Leadership
The company's leadership team comprises experienced professionals dedicated to transforming financial operations. Embat was founded by:
- Antonio Berga (Co-CEO & Founder): A visionary leader with extensive investment banking experience, primarily at JP Morgan.
- Carlos Serrano García-Lisón (Co-CEO & Founder, CFA): An advocate for digital transformation and data analytics with a robust finance background.
- Tomás Gil (CTO): Focuses on cloud-based solutions and AI integration to enhance clients' financial operations.
Products and Services
Embat's platform is designed for comprehensive treasury management, offering:
- Real-Time Treasury Management: Ensures finance teams have immediate visibility and control over financial processes.
- Cash Flow Forecasting: Integrates with ERPs and other accounting systems, providing accurate and detailed forecasts.
- Automated Accounting and Reconciliation: Utilizes generative AI to automate over 90% of accounting entries.
- Centralized Payments: Streamlines global payment operations, reducing errors and minimizing manual intervention.
These solutions can reduce finance teams' workloads by up to 75% and offer seamless banking connectivity across more than 13,000 financial institutions globally.
Client Success Stories
Embat has effectively partnered with several reputable companies to enhance their treasury management:
- Wallapop: Achieved streamlined departmental operations, automating extensive accounting and reconciliation tasks.
- Molins: Enhanced visibility across financial levels, supporting strategic decision-making.
- CPS Group: Facilitated growth by automating treasury processes and integrating AI for error-free operations.
- R2 Hotels: Enabled collaborative work through customizable platform features tailored to client feedback.
Funding and Growth
Embat has secured significant funding to propel its innovative solutions:
- Series A Funding: Raised €14.7 million ($16 million) in 2024 from investors like Creandum and Samaipata to expand its treasury management footprint.
- Strategic Expansion: Acquired Necto to augment banking API connectivity and strengthen global corporate banking influence.
Vision and Mission
Embat is committed to liberating finance teams from manual, repetitive tasks, evolving them into strategic partners within their organizations. The company emphasizes ambition, humility, and teamwork in its mission to redefine financial management, becoming a critical pillar for corporate success through innovative approaches.
Competitor Profile
Overview of Competitors
Embat stands as a formidable contender in the treasury management sector, challenging established players like Finastra, Bottomline, and Kyriba. A notable development includes the acquisition of Necto, a NYC-based bank API connectivity company, enhancing its competitive stance.
Key Competitors and Alternatives
1. Coupa: Comprehensive solutions for treasury and cash management.
2. Invoiced: Efficient billing and invoicing capabilities.
3. Causal: Specializes in financial modeling and user-friendly forecasting.
4. Kyriba: Liquidity performance platform managing over $15 trillion in payments for 3,000 clients.
5. Agicap: Europe's leading cash flow management platform for SMEs with 7,000 clients.
6. Trovata: Open banking platform focused on cash management and automation with $56.8M in funding.
7. Serrala: Financial automation services for over 2,800 global clients.
8. LeanPay: BNPL solutions, expanding in South & Eastern Europe with a focus on responsible lending.
Market Insights
- Agicap: Offers a seamless interface for cash flow management, integrating across banking and ERP systems.
- Serrala: Automates and secures payment operations, serving diverse client portfolios, including over 100 S&P 500 companies.
- Kyriba: Provides corporate treasurers with tools to connect, protect, forecast, and optimize financial operations.
Innovations and Opportunities
Embat can leverage competitors' weaknesses by enhancing its real-time data integration and addressing specific industry needs. Strengthening acquisition strategies and enhancing real-time data capabilities are pivotal for expanding market share and client satisfaction. By adopting SaaS solutions that scale with client growth and adapting to global regulatory standards, Embat can maintain its technological edge.
Strategic Positioning
Embat's strategic focus should remain on advancing its SaaS offerings and integrations, akin to its competitors. The company should continue to build robust partnerships and aim for technological leadership by adopting innovative solutions to meet evolving market needs, ensuring its prominence in the fintech landscape.
