Embat Raises €30M Series B for AI Treasury Management

Madrid-based fintech Embat has successfully closed a substantial €30 million Series B funding round, signaling a significant push to broaden its AI-driven treasury management solutions across the European continent. The investment was spearheaded by global venture capital firm Cathay Innovation, with strong participation from existing backers including Creandum, Samaipata, 4Founders, and Venture Friends. This latest infusion of capital propels Embat’s total funding beyond the €50 million mark since its inception in 2021, underscoring investor confidence in its innovative approach to corporate finance automation.

Embat leverages advanced artificial intelligence, including generative and agentic AI capabilities, to streamline complex treasury operations for mid-market companies. The company's proprietary platform, TellMe, acts as an intelligent analyst, automating up to 80% of manual tasks within treasury, accounting, payments, and cash optimization functions. This allows businesses to achieve real-time cash visibility and enhanced forecasting accuracy, critical elements in today's volatile economic climate. The fintech currently serves approximately 400 corporate clients throughout Europe and employs a team of 150 professionals.

The newly acquired funds are earmarked for aggressive international expansion, with a strategic focus on strengthening Embat's presence in the United Kingdom and Ireland. The company has already established a footprint in key European financial hubs, including London, Madrid, Berlin, and Munich. Its growing roster of clients features prominent names such as Treatwell, Fever, Cabify, and Dojo, demonstrating the platform's appeal to dynamic, growth-oriented businesses.

Embat's early adoption of cutting-edge AI in the corporate finance sector has been a key differentiator. Notably, the company collaborated with Google in 2022 to pioneer what it terms the first AI application for automated accounting and bank reconciliation within the industry. This forward-thinking approach positions Embat at the forefront of financial technology innovation, addressing a critical need for efficiency and insight in corporate treasury departments.

The treasury management software market is experiencing robust growth, driven by increasing regulatory complexity, the need for better cash flow visibility, and the adoption of digital transformation initiatives. Analysts project the global treasury management market to reach significant figures in the coming years, with AI-powered solutions expected to capture a substantial share. Embat's expansion comes at a time when companies are actively seeking tools to optimize financial operations and mitigate risks.

With this Series B funding, Embat is well-positioned to capitalize on these market trends. The strategic backing from Cathay Innovation, alongside continued support from its existing investor base, provides not only the necessary capital but also invaluable strategic guidance. This will empower Embat to accelerate its product development, enhance its go-to-market strategy, and solidify its position as a leader in AI-powered treasury management solutions across Europe.