accounting

Embat, a Spanish fintech company specializing in real-time accounting, secures M funding to revolutionize financial processes. Led by Creandum, the Series A funding round includes notable investors such as Kilian Thalhammer and Martin Blessing. Embat's solution automates accounting, bank reconciliation, and centralizes collections and payments, saving valuable time for finance teams. With a strategic partnership with Google Cloud's Vertex AI platform, Embat aims to reduce errors using artificial intelligence. Despite competition from Kyriba and Sage XRT, Embat's innovative approach has gained recognition from major players in the banking industry. As demand for efficient financial solutions grows, Embat is poised to become a prominent player in real-time accounting.