Company: Embat
Marketing Manager UK&I: Antonio Berga, Carlos Serrano, Tomás Gil
Website: https://www.embat.io/
About Embat
Embat was founded in 2021 by former investment bankers Antonio Berga and Carlos Serrano, alongside technology leader Tomás Gil. During their time in corporate banking, they witnessed firsthand how brilliant finance teams were constantly crippled by fragmented data, manual spreadsheets, and outdated systems. They launched Embat to build the real time, automated financial operations platform they always wanted but could never find in the market.
The primary challenge we faced was overcoming a deeply entrenched reliance on legacy banking infrastructure. For decades, the mid market corporate treasury sector has been forced to depend on delayed file uploads and manual reconciliation. Bridging the gap between thousands of disparate banking portals and modern corporate ERP systems required building a proprietary API middleware entirely from scratch. Embat tackled this massive technical hurdle by developing native integrations and subsequently acquiring US based connectivity leader Necto. This strategic acquisition secured direct premium API links with top tier global financial institutions. By doing so, we transitioned from relying on third party aggregators to owning our own connectivity layer. Furthermore, we had to shift the mindset of finance professionals from reactive data entry to trusting automated software. We achieved this by delivering unparalleled accuracy and a highly intuitive, consumer grade user experience.
Embat has fundamentally shifted the European FinTech landscape by democratising enterprise grade treasury management for mid market companies. We currently process over three million bank transactions monthly for more than 400 corporate clients. Our platform connects directly to over 15,000 banking institutions globally. This eliminates the standard 24 hour reporting delays and gives finance teams instant liquidity visibility across 70 different currencies. We empower companies to perform complex payments instantly, saving them immense amounts of time and capital.
Moreover, Embat is actively pioneering the use of artificial intelligence in corporate finance. We recently launched TellMe, the first agentic generative AI treasury analyst in Europe. Built in close partnership with Google Cloud and trained on over ten million real world transactions, TellMe is a monumental breakthrough. It reads unstructured, messy bank data and automatically matches it with ERP entries with 99% accuracy. By automating over 90% of accounting entries, we save finance teams up to 75% of their administrative time, which translates to roughly ten hours per week. This allows financial leaders to focus on strategic growth rather than tedious data entry.
Embat has secured over €20 million in funding and continues to scale rapidly across the UK, Spain, and the DACH region. By replacing fragmented legacy platforms with a proactive, self driving treasury function, Embat is proving that the future of corporate finance is real time, automated, and highly intelligent. We are not just participating in the FinTech ecosystem; we are actively rewriting the rules of corporate treasury.
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