Read previewSpanish fintech startup Embat has raised $16 million in fresh funding from VC fund Creandum, the company said Tuesday. This story is available exclusively to Business Insider subscribers. Treasury-management startups and similar offerings targeting the office of the CFO have become a key focus for fintech investors in recent years. Embat's proposition is directly aimed at financial software users, with data security at the forefront of its platform's architecture, cofounder Carlos Serrana told Business Insider. "We were probably born in the worst period to raise capital but we have built a solid product which has traction, and our sales have traction," Serrana told BI.

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Persons: —, Embat, Carlos Serrana, Creandum, Serrana Organizations: Service, JPMorgan, Business, Treasury, Venture Locations: Madrid, Germany