The FinTech offers real-time technology for corporate treasury management
In brief:
- The FinTech offers real-time technology for corporate treasury management, centralising collections, payments, and treasury processes, and automating accounting and bank reconciliation.
- The investment round brings the firm's total funding to $20 million since its inception in 2021.
- Embat claims that it can save financial teams up to 75 per cent of time dedicated to these tasks, while concurrently providing global visibility of cash and facilitating automatic monitoring of treasury forecasts.
What does this mean?
Says Gil: “Not only have we significantly improved our accounting and bank reconciliation module, but we are also among the first to apply generative artificial intelligence in the financial sector in Europe.”
In 2023, the company quadrupled turnover, handling more than three million bank transactions, representing over $20 billion in value for over 150 corporate clients across Europe. The firm says it will use the new funds to grow its business internationally.
