Spanish banking startup Snab has raised $1.18M in a seed round led by Y Combinator, 4Founders Capital, Glenfarne Group LLC, and several angel investors.  Snab offers a banking platform with automation and digitization features to facilitate various financial processes.  Snab was founded in 2021 and is headquartered in Madrid. Its solutions aim to address a growing demand in Spain for a more modernized cash management system.   Snab’s cloud-based and AI-powered platform simplifies, digitizes, and automates financial processes, such as payment and collection cycle, invoicing, payments, approvals, and treasury.  According to the company website, Snab’s platform enables users to sync with their banks and Enterprise Resource Planning (ERP), thus providing a centralized location to manage multiple bank accounts.  The startup offers tailored solutions based on business type, size, and industry.   The company plans to use its fresh funds to enhance its technology and add new features.