Embat
Embat is a European fintech that provides treasury management software for medium and large businesses. The Madrid-based company has raised $58M and employs 190 people.
The growth story
Embat grew from 32 to 190 employees between 2022 and 2026, raising $58M along the way, most recently a Series B in May 2026.
About
Embat sells cloud-based software that centralizes corporate treasury operations, including cash management, payments, and forecasting. Its AI-powered platform integrates with Google Cloud to automate accounts receivable, payable, and bank reconciliations.
The company has grown rapidly since its 2021 founding, reaching 190 employees. Its $58M Series B in 2026 suggests continued expansion, though headcount growth rates are not disclosed.
Founders and leadership
Engineering is Embat's largest function, with 28 employees. The company has a median tenure of just 1 year, indicating a young and rapidly evolving workforce.
Departments, and which ones grew
Headcount by function: Engineering 42 (+40% YoY), Sales 32 (+146% YoY), Finance 22 (+47% YoY), Marketing 10 (+43% YoY), Business Development 10 (+11% YoY), Operations 9 (+13% YoY).
Talent flow
Embat recruits heavily from professional services firms, with Deloitte, EY, and BBVA among its top talent sources. Its alumni have moved to companies like Kyriba and Salesforce, though most destinations have only 1-2 hires.
Most common previous employers of Embat staff: Deloitte (9), Pleo (4), EY (4), Ebury (4), Fintonic (4), BBVA (4). Former Embat employees most often moved to TheHubs (2), Kyriba (1), Factum (1), Imparables Agency ✦ Agencia SEO (1), IXOPAY (1), Salesforce (1).
Alumni worth knowing
The Embat mafia
Three Embat alumni have founded companies, including G2-F, Santa Hem Real Estate, and The Padel Playbook. Each startup has 1 founder and 2-3 staff from Embat.
3Ricardo Fernández, was Implementation Associate until 2025Lina Ardila Bejarano, was Product Designer until 2023Paddy Benson, was Intern until 2024Hiring now
Web traffic
Traffic mix: 20% direct, 40% search, 28% social, 0% paid.
What this company is made of
Most common skills at Embat: Teamwork (85), English (78), Microsoft Excel (66), Microsoft Office (61), Communication (54), Analytical Skills (41), Sales (38), Project Management (37).
Where the team actually sits
Embat people are concentrated in Community of Madrid, Spain (68), Greater Madrid Metropolitan Area (18), England, United Kingdom (8), Spain (8). 3 offices on record.
Search footprint
Embat attracts about 1,582 organic search visits a month, traffic worth roughly $13K a month if bought through ads. It gained 288 ranking keywords and lost 199 in the last period.
What employees say
- Compensation
- 3.80 / 5
- Career opportunities
- 4.40 / 5
- Senior management
- 4.20 / 5
- Work-life balance
- 4.30 / 5
Frequently asked
Embat has 190 employees as of September 2026.
Embat has raised $58M in total, most recently a Series B round in May 2026.
Embat was founded in 2021 by Antonio Berga, Carlos Serrano García-Lisón, CFA.
The most common previous employers of current Embat staff are Deloitte (9 people), Pleo (4 people), EY (4 people).
Former Embat employees most often move to TheHubs (2), Kyriba (1), Factum (1).
At least 3 companies have a founder who previously worked at Embat, including G2-F, Santa Hem Real Estate, The Padel Playbook.
Embat attracts about 1,582 organic search visits a month, worth roughly $13K a month in equivalent ad spend.
The most common skills among Embat staff are Teamwork, English, Microsoft Excel, Microsoft Office, Communication.
Embat staff are concentrated in Community of Madrid, Spain (68), Greater Madrid Metropolitan Area (18), England, United Kingdom (8).
Embat has about 42 people in Engineering, up 40% over the past year, as of September 2026.
Embat has about 32 people in Sales, up 146% over the past year, as of September 2026.
Computed from 136 current and 75 former Embat profiles, as of September 2026. Source: Crustdata.
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