What Embat does

Embat is a Madrid-headquartered fintech founded in 2021 that builds a cloud-native, API-first corporate treasury management platform for mid-market and mid-to-large European enterprises operating across multiple banks, entities and currencies. The platform consolidates real-time cash visibility, forecasting, intercompany operations, counterparty and debt risk, AI-powered reconciliation, and payment execution into a single system, with bidirectional integrations to more than 15,000 banks and 20+ ERP systems (including SAP, Oracle NetSuite, Microsoft Dynamics 365, Sage Intacct, Odoo and Datev) and direct connectors to payment gateways and expense platforms such as Stripe, Adyen, PayPal, Pleo, Spendesk, Moss and Payhawk. Its proprietary AI agent, TellMe, operates in Silent, Guided and Ask modes across categorisation, reconciliation, forecasting and conversational treasury analytics, with extensions into Slack, Microsoft Teams, Claude and ChatGPT.

Embat monetises primarily through annual SaaS subscriptions sold via a sales-assisted, demo-led motion targeting CFOs and corporate finance leaders, supplemented by usage-based FX and payment transaction fees generated through Embat One, an EMI-regulated multi-currency account (60+ currencies, 150+ countries). Professional services and implementation revenue support the sales-led deployment cycle. The company has raised more than €50 million across rounds in 2022, June 2023 and May 2026, the most recent being a €30 million Series B led by Cathay Innovation. As of May 2026 Embat reports ~150 employees and 400+ corporate clients across Europe, with offices in Madrid, London, Berlin and Munich, and channel partnerships including the Sage Intacct Marketplace in the UK and the Mastercard For Fintechs program. The company holds ISO/IEC 27001:2022, SOC 2 Type II, GDPR, DORA, EU AI Act, PSD2 and PCI DSS compliance.

Name

Embat

Legal name

Embat Technologies

Website

https://embat.io

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

101–250 employees

Short description

Embat is a Madrid-based fintech that provides a cloud-native, AI-powered corporate treasury management platform to mid-market and mid-to-large European enterprises with multi-bank, multi-entity, and multi-currency operations, integrating with 15,000+ banks and 20+ ERPs and serving 400+ clients across Europe.

Ownership category

akta.pro rank

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. SaaS subscription for treasury management platform: Recurring subscription licensing for the cloud-native TMS platform (Treasury Management, Risk Management, Reconciliation, Corporate Payments, Connectivity Hub). Sold via 'Book a demo' sales motion to mid-market and mid-to-large European enterprises; modular so customers can start with cash visibility/forecasting and expand into reconciliation, intercompany, debt, payments and TellMe AI.
2. Global Banking / FX payments revenue (Embat One): Revenue from the Embat One global banking account: multi-currency balances, local clearing execution, FX conversion spreads/fees on cross-border B2B payments in 60+ currencies across 150+ countries. Funds safeguarded at major banks under an EMI licence.
3. Professional services and implementation: Implementation and configuration services (ERP/bank integration, phased rollout, customer success) implied across the sales-led deployment cycle, supporting the platform subscription.

Pricing tiers

Go-to-market motion5 records

Distribution channels6 records

Marketing channels9 records

Core offering

Embat provides a cloud-native, API-first corporate treasury management platform that consolidates cash visibility, forecasting, intercompany operations, risk management, reconciliation, and payment execution across multiple banks, entities, currencies, and ERPs. The platform is powered by its proprietary TellMe AI agent and is connected to 15,000+ financial institutions and 20+ ERP systems via bidirectional, real-time integrations.

Differentiator

Problem solved

Functional benefit

Brands

• TellMe: Embat's proprietary AI-powered financial analyst agent that handles treasury, accounting, payments, cash optimisation and forecasting tasks across the platform.

Products and services

• Embat Treasury Management Platform All-in-one cloud-native treasury management system for mid-to-large European corporations that consolidates cash positions, forecasting, intercompany operations, risk, payments, and reconciliation across multiple banks, entities, and currencies, powered by TellMe AI and connected to 15,000+ financial institutions and 20+ ERP systems.
• Cashflow Management & Forecasting Real-time consolidated cash positions across every bank, entity, and currency, with adaptive forecasting that projects balances at the individual bank-account level, flags overdraft risk, and incorporates drawn/undrawn headroom for credit facilities.
• Intercompany Operations Centralises intercompany positions across legal entities with automated interest accruals (fixed or variable referencing EURIBOR/€STR), netting, direct subsidiary transfers, POBO/COBO reconciliation, and cashless invoice settlement, with mirrored GL postings into both entities' ERPs.
• Risk Management Real-time visibility of counterparty payment behaviour and debt obligations, with DSO/DPO calculated from actual paid invoices, automated amortisation schedules that reconcile every bank charge against agreed terms, and group-wide exposure views across entities, banks, and currencies.
• Cash Accounting & Reconciliation Continuous reconciliation of bank transactions, PSP settlements, and ERP data via a three-tier matching engine combining rules, TellMe AI, and a manual exception queue, with every posting logged for audit-ready records and closed-loop ERP sync.
• PSP Reconciliation Module Three-layer reconciliation across sales orders, gateway transactions (Stripe, Adyen, PayPal, and others), and net bank deposits; de-aggregates settlements into gross revenue, fees, retentions, tips, and chargebacks and posts each to the correct GL account.
• Corporate Payments Centralised preparation, approval, execution, and reconciliation of outgoing payments across all banking relationships; supports SEPA transfers, domestic payments, and international wires with backend file generation (pain.001, MT101, MT103) and full audit trail per payment.
• Global Banking (Embat One) Embat-managed multi-currency EMI-regulated account supporting 60+ currencies and 150+ countries with local clearing, automatic FX accounting, transparent FX pricing pre-execution, and digital onboarding; funds safeguarded at major global banks.
• Connectivity Hub Centralised integration layer providing bidirectional, event-driven connectivity to 15,000+ banks (via PSD2 APIs, Corporate APIs, Host-to-Host, EBICS, SWIFT/FIDES, EDITRAN) and 20+ ERP systems (SAP, Oracle NetSuite, Microsoft Dynamics 365, Sage Intacct, Odoo, Datev and others), with PSD2 AISP/PISP-compliant bank connectivity.
• TellMe AI Proprietary AI agent that handles transaction categorisation, invoice enrichment, forecast reconciliation, counterparty payment-behaviour analysis, cash optimisation, and conversational treasury queries; operates across three modes (Silent background, Guided approval, and Ask Mode conversational).

Quantifiable outcome

• 80–90% reduction in time spent on manual treasury tasks (e.g., HOFF CFO: 100% to 10–15% of one FTE)
• +7 more outcomes

Named customers19 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration67 records

AI capability13 records

Feature7 records

Partnerships

Eleven partnerships are on record, tiered flagship commercial partner, secondary ecosystem partner, flagship ecosystem partner and core technology integration.

• Sage (Sage Intacct)flagship commercial partnerStrategic or Co-development Partner · 1 June 2026Embat is a certified Sage Intacct Marketplace Partner in the UK and the first/only treasury management provider on the Sage Intacct platform. The bidirectional, real-time integration enables UK mid-market finance teams to automate reconciliations and gain real-time cash visibility. First UK integrators include Sedna, Viadex and Together Group.
• PwC UKsecondary ecosystem partnerImplementation/ SI/ Consulting Partner · 1 June 2026PwC UK operates a formal alliance partnership with Sage to support UK mid-market businesses using Sage Intacct, complementing Embat's treasury integration on the Sage platform.
• Googleflagship ecosystem partnerStrategic or Co-development Partner · 1 November 2025Selected Embat for the Google for Startups Gemini Founders Forum at Mountain View in November 2025, chosen from over 1,000 global applicants. Embat collaborates with Google DeepMind and Google Cloud AI experts on its TellMe autonomous financial intelligence platform. Google is also the underlying cloud provider for Embat.
• Mastercard (Mastercard For Fintechs)secondary ecosystem partnerGTM or Marketing Partner · 1 September 2024Embat selected for Mastercard's For Fintechs program (September 2024), providing ecosystem visibility and potential banking/payments collaboration.
• Stripecore technology integrationTechnology or IntegrationPSP integration for payment gateway reconciliation — Embat ingests Stripe transactions, deconstructs settlements, and matches them to underlying sales orders via unique reference IDs.
• Adyencore technology integrationTechnology or IntegrationPSP integration for automated reconciliation of Adyen settlements against sales orders, with full fee transparency.
• PayPalcore technology integrationTechnology or IntegrationPSP integration for high-volume reconciliation of PayPal transactions and fees through the Embat accounting module.
• Pleocore technology integrationTechnology or IntegrationExpense management platform integration; fees, chargebacks and settlements reconciled automatically.
• Payhawkcore technology integrationTechnology or IntegrationExpense management platform integration for transaction-level reconciliation.
• Spendeskcore technology integrationTechnology or IntegrationExpense management platform integration for automated reconciliation of corporate spend.
• Mosscore technology integrationTechnology or IntegrationExpense management platform integration.

Scale indicators16 records

Recent moves8 records

Expansion highlights8 records

Direct peers

• Modern Treasury: US API-first payments and treasury operations platform for enterprise finance teams. Comparable on the connectivity/automation thesis, though focused on payment operations rather than full TMS workflows.
• TIS (Treasury Intelligence Solutions): German-headquartered enterprise treasury and payments platform connecting corporates to banks globally. Comparable as a multi-bank, multi-entity TMS competing for similar European mid/large corporate treasury budgets.
• Trovata: US-based AI-native cash management and treasury analytics platform with direct bank connectivity. Comparable on AI-augmented cash visibility and reporting for corporate finance teams, focused on US mid-market.
• Agicap: French SMB/mid-market cash management and treasury platform with bank connectivity and forecasting. Closest European direct competitor to Embat, targeting similar finance-team use cases with a sales-led motion.
• Nomentia: Nordic cash and treasury management provider serving European corporates with bank connectivity and forecasting. Overlaps Embat on multi-bank cash visibility and mid-market treasury workflow automation.
• Cashforce: Belgian AI-driven cash flow forecasting and treasury platform. Direct competitor in the European mid-market cash forecasting category where Embat's Cashflow Management module competes.
• GTreasury: US-based enterprise treasury management system with cash visibility, payments and risk modules. Comparable on TMS functionality and target buyer (corporate finance teams), though weighted toward US enterprise.

Broad incumbents

• Kyriba: Largest US-headquartered cloud treasury and finance platform serving large global enterprises. Competes for the same enterprise treasury RFPs as Embat, with broader payments, FX and risk modules.
• HighRadius: Large AI-driven order-to-cash, treasury and autonomous finance platform. Overlaps with Embat's cash forecasting, reconciliation and payments modules but operates at much larger scale with a broader finance-automation portfolio.
• Tipalti: Global finance automation platform covering AP, payments, reconciliation and procurement. Adjacent competitor in the broader corporate finance automation space where Embat's reconciliation and payments modules overlap.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@Embat_NumbersFlowEasily
• LinkedInlinkedin.com/company/embat-io
• Instagraminstagram.com/embat.io

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds5 records

Investors9 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Embat