Spanish newcomer Embat has completed a $16 million Series A funding round as it prepares to grow its reach in the crowded treasury technology market.

The firm, which bills itself as, 'A platform for complete liquidity visibility' , majors on the use of APIs to bring connect multiple data sources and deliver 'real time treasury' to mid-market firms. Existing clients include Cabify, Freepik and Playtomic. 

This latest round was led by Creandum funds' with participation from Samaipata, 4Founders Capital and VentureFriends.

Kyriba has struck a deal with Societe Generale which sees its financial transaction management module integrated into SG Markets, Societe Generale’s BtoB platform.

The API-based connection will allow SG's mid-cap company clients in France to execute their hedging 'with a single click'. Hedges arranged in Kyriba are then automatically pre-populated in the SG Markets platform to be executed. SG Markets updates FX positions in Kyriba, automatically and in real-time.

“Currency market volatility continues to impact the financial performance of European companies," said Edi Poloniato, Global Head of Banking Solutions at Kyriba. "The partnership set up with Societe Generale allows us to expand our solutions for optimizing foreign exchange risk management. Together, we are creating even more value for our joint customers.” 

Fides Treasury Services has integrated its suite of payments, reporting and cash management solutions into a single interface for the first time with the launch of ONEHub as its main product offering for corporate treasury teams.

ONEHub will also act a gateway to a, "Curated array of financial solutions from the extensive Fides partner ecosystem", according to the company.
 
Fides CEO Andreas Lutz said the company will  be adding more modules such as Fides Cash Pooling,  in the coming weeks  Companies can implement one module or the full hub based on their specific needs.