Universal Venture Capital’s Post

𝗦𝗽𝗮𝗻𝗶𝘀𝗵 𝗙𝗶𝗻𝘁𝗲𝗰𝗵 “𝗘𝗺𝗯𝗮𝘁” 𝗘𝘆𝗲𝘀 𝗙𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 $𝟭𝟲𝗠 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 Embat, a Madrid-based fintech specializing in treasury management, has closed a $16 million financing round led by early-stage VC Creandum, with participation from Samaipata, 4Founders, Venture Friends, and angels including Martin Blessing, former CEO of Commerzbank. 🔍 Connecting corporates with their banks: Embat provides clients with a unified platform to manage their accounts across multiple banks. With open banking integration, Embat connects to over 15,000 banks globally, offering real-time visibility and automation of treasury functions. 📈 Powered by significant growth: With over 150 corporate clients, including Cabify, Playtomic, Wallapop, and Fever, Embat's revenue quadrupled in the last year. The company handles over three million transactions, totaling more than $20 billion. 🌍 Future expansion into the UK and Germany: Embat's focus is now on expanding its footprint into the UK and German markets. By tackling the complexities of these banking environments, Embat aims to become the go-to solution for finance departments worldwide. Make sure to follow us for more updates #UniversalVentureCapital #StartupNews #Startup

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