Embat

Embat is a cloud platform that automates bank connectivity (H2H and Open Banking APIs), payment orders and AI-based statement reconciliation. It has offices in Madrid, Spain and London, United Kingdom, and was founded in 2021.

Products The set includes H2H and Open Banking Connectivity covering 15,000+ institutions, Automated Accounting and Reconciliation, and Mass Payments. A finance team connects accounts across banks once and handles balances, payment files and matching in one workspace.

Clients and markets Target customers are mid-market and enterprise companies, fintechs, e-commerce and travel businesses. Stated geography is Spain, the United Kingdom, Germany, the EU and Latin America.

Background and pricing The company describes itself as a fast-growing European fintech backed by Creandum and Samaipata. It is sold as a SaaS subscription; plan prices are not published.

Who it suits Treasury and finance teams that work with many bank accounts and still reconcile statements by hand, and businesses sending mass payments that want order creation and approval in a single tool instead of separate bank portals.