Embat

Based in Madrid, Spain, and founded in 2021, Embat Technologies, S. L. d. b.

a. , Embat provides a cash flow management and financial planning platform. The company was co-founded by Antonio Berga, Carlos Serrano and Tomas Gil. In May 2026, Embat raised EUR 30 million in series B funding led by Cathay Capital, with participation from Creandum, Samaipata Ventures, 4Founders Capital and VentureFriends.

Embat offers a comprehensive treasury management platform that includes modules for cashflow forecasting bank reconciliation, corporate payments, risk management, and ERP and bank connectivity. The platform uses AI-powered automation to handle accounting, transaction matching, and forecasting, enabling real-time control of liquidity and financial operations. Embat generates revenue primarily through a subscription-based SaaS model, offering modular pricing where customers pay for access to its treasury management platform and selected features such as payments, risk management, reconciliation, and integrations. The company will use the May 2026 funding to scale international operations, expand its workforce, accelerate its global go-to-market strategy, and continue investing in its AI-native treasury and financial automation products.