Embat, a Madrid, Spain-based AI-powered fintech company specializing in treasury management, has raised €30 million in Series B funding.
Investors
The round was led by Cathay Innovation, with participation from existing investors Creandum, Samaipata, 4Founders, and Venture Friends, bringing Embat's total raised to over €50 million.
Cathay Innovation is a multistage venture capital firm affiliated with Cathay Capital that invests in founders building transformative businesses across Europe, North America, Asia, Latin America, and Africa. Founded in Paris in 2015, Cathay Innovation manages over €2.5 billion in assets under management (AUM), with additional offices in San Francisco, Berlin, Madrid, Shanghai, and Singapore, and has invested in more than 120 startups.
Embat Use of Funds
The company will use the 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.
About Embat
Founded by Antonio Berga, Carlos Serrano, and Tomás Gil, Embat is a company focused on AI-driven treasury management solutions for mid-to-large enterprises. The company helps finance teams centralize and automate treasury, accounting, payments, and cash optimization processes in real time. Its platform integrates with more than 15,000 banks and major ERP systems. Embat’s proprietary AI analyst, TellMe, leverages generative and agentic AI to automate reconciliations, optimize liquidity, provide intelligent forecasting, and enhance cash visibility for CFOs and treasury teams. The company operates across London, Madrid, Berlin, and Munich, and serves clients including Treatwell, Northern Data, Fever, PetLab Co., Cabify, and Dojo.
Funding Details
Company: Embat Technologies, S.L.
Raised: $33.0M
Round: Series B
Funding Date: May 2026
Lead Investor: Cathay Innovation
Additional Investors: Creandum, Samaipata, 4Founders, Venture Friends
Company Website: https://www.embat.io/
Software Category: AI Treasury Management / Fintech
Source: https://www.cathaycapital.com/embat-accelerates-international-expansion-with-eur30-million-series-b-to-expand-its-ai-powered-treasury-management-system/