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Treasury Management Software · Rank #10 of 10

Embat review and pricing

Spanish API-first treasury platform with rapid European growth.

By Embat · Founded 2021 · Madrid, Spain · private

Embat launched 2021 (founders Antonio Berga, Carlos Serrano, Tomas Gil ex-JPMorgan) and closed an $18M Series A November 2023 followed by ongoing growth funding. The platform is the European answer to Modern Treasury: API-first architecture, payment-operations focus, and developer-friendly documentation. Wins on European bank connectivity, EU-data-residency, and modern UX. Loses on US market presence, traditional treasury features (FX, debt, in-house bank are absent), and capital base smaller than US peers.

Visit Embat Compare to FIS Treasury (Quantum + Integrity)
Best for

European fintech, marketplace, embedded-finance, and developer-led finance teams.

Worst for

US-headquartered enterprises (Modern Treasury, Trovata fit better); global Fortune-500 with multi-region operations.

Vendor Trust Score

Is Embat a trustworthy vendor?

8.5/10
High trust
Pricing transparency
Published rates; no hidden fees
8.1
Contract fairness
Reasonable terms; no auto-renew traps
8.6
Incident response
How they handle outages and breaches
8.4
Post-acquisition behavior
Customer treatment after M&A or PE
8.8
Executive stability
Leadership churn over 24 months
8.8
Roadmap honesty
Public commitments held
8.4
Trust signal log
  • 2023-11-15
    Series A close of $18M led by Creandum + 4Founders Capital
  • 2025-06-15
    European bank-API expansion launched; SEPA + PSD2 + Open Banking coverage deepened
Vendor Trust is scored independently of product quality. A great product from an unfair vendor still earns a low trust score.
Review Intelligence

What 60 reviews actually say

Synthesized from G2, Capterra, Reddit, Trustpilot. Patterns >15% prevalence shown.

Last synthesized
2026-04-29

Praise patterns

  • API-first architecture with developer-friendly documentation
    87% →
  • European bank connectivity native (SEPA + PSD2)
    78% →
  • Modern UX with rapid time-to-value
    64% →

Complaint patterns

  • US market presence limited; primarily European focus
    41% →
  • Traditional treasury features absent (FX, debt, in-house bank)
    38% →
  • Capital base smaller than US peers
    31% →
Sentiment trend (6 months)
88/100 +2 pts
12
01
02
03
04
05
Patterns are extracted from review corpus and human-verified. We surface trends, not anecdotes.
Verified Pricing

What buyers actually pay

18 anonymized deal disclosures · last updated 2026-05-01

Contribute your deal price
Company size Median annual
50-500 employees $24,000
500-2000 employees $65,000
Verified pricing is crowdsourced from buyers under anonymity guarantees. Vendor-listed prices are validated against actual deals quarterly.
Compliance & Security

Auto-verified certifications

Verified 2026-05-01
SOC 2 Type II
ISO 27001
HIPAA
GDPR
CCPA
PCI DSS
FedRAMP

Editorial: Strengths

  • API-first architecture with developer-friendly documentation
  • European bank connectivity native (SEPA + PSD2)
  • EU-data-residency native
  • Modern UX with rapid time-to-value
  • Multi-currency support for European corporates
  • Strong fit for European fintech and embedded-finance

Editorial: Weaknesses

  • US market presence limited; primarily European focus
  • Traditional treasury features (FX, debt, in-house bank) absent
  • Capital base smaller than US peers (Modern Treasury, Trovata)
  • Brand mindshare in US procurement defaults low
  • Smaller installed base than peers

Key features & integrations

  • +API-first payment operations platform
  • +European bank connectivity native (SEPA + PSD2)
  • +Cash visibility and forecasting
  • +Real-time payment workflow
  • +Modern UX with rapid time-to-value
  • +Developer-friendly documentation
  • +Multi-currency support
  • +Multi-entity support
40+ integrations
BBVASantanderDeutsche BankBNP ParibasSAPSageHoldedA3 Software
Geography supported
Europe · Spain · France · Italy
Best fit
50-2,000 employees · European fintech and developer-led finance
Editorial deep-dive

Read our full ranking of Treasury Management Software

Embat ranks #10 in our editorial review of 10 treasury management software platforms. The deep-dive covers methodology, comparison tables, decision matrix, migration scoring, and FAQs.

Read the full ranking

Closest alternatives in Treasury Management Software

#9
FIS Treasury (Quantum + Integrity)
FIS-owned treasury platform via SunGard heritage; legacy enterprise installed base, slow modernization.
★ 3.7 opaque
#8
Nomentia
Nordic-headquartered treasury platform with deep European bank connectivity and SEPA + PSD2 native compliance.
★ 4.4 opaque
#7
Coupa Treasury
Coupa BSM-anchored treasury module with unified spend + treasury platform positioning.
★ 4.1 opaque
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