Emtech Raises $4 mn For Regtech, CBDC Stack Solutions
Emtech, an African central banking infrastructure provider, launched the Central Bank Digital Currency Innovation kit for fintechs and financial service providers to explore solutions and business models using digital currencies.
Emtech, a New York-based company, has secured a $4 million seed investment from Matrix Partners India to develop its CBDC stack and regtech solution. The round includes investors like BTN.vc, VestedWorld, Equity Alliance, LoftyInc Capital, Level Up Ventures, and Collide Capital, joining Emtech’s previous investors Noemis Ventures, Octerra Capital, and 500 Global. Emtech’s total investment now amounts to $10 million, including a $4 million pre-seed and a $2 million extension.
Emtech’s CBDC Innovation Kit, unveiled in July, follows its initial deployment of a platform in March. The digital regulatory platform includes an innovator’s center for fintechs, enabling pre-market testing and pre-market technological integration.
(With inputs from Shikha Singh)
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