Other investors who participated in this round include BTN, VestedWorld, Equity Alliance and Lofty.
Emtech will use the fresh funds to fuel the ongoing development of its infrastructure tools for central banks and fintech companies, a statement said.
Emtech has so far bagged $10 million in funding. Last year in November, Emtech had raised $5 Mn in seed round from Level Up Ventures, followed by a recent $2 million extension.
Founded in 2019, by Carmelle Cadet, a former Executive at IBM Finance, Blockchain & Technology, Emtech offers an API-First Platform that connects central banks and fintechs for embedded regulatory compliance and central bank digital currency. The company is building the next generation of central banking infrastructure for the Web3 era.
EMTECH has successfully developed Regtech and CBDC stack solutions by harnessing DLT and blockchain technology. Notably, these solutions have been deployed and utilized by the Central Banks of Ghana, Nigeria and the Bahamas, effectively advancing their Regtech and CBDC agendas. Additionally, the company also works with fintechs in those regions, offering valuable insights from both a regulatory and innovation standpoint.
Aakash Kumar, Principal at Matrix Partners India, said, “Digital assets and programmable currency in the form of regulated CBDCs can turbocharge financial inclusion. Emtech’s vision of shaping blockchain powered fintech infra for CBDCs and solutions for fintech regulation is compelling and we are excited to partner with them on their journey.”
EMTECH will work with central banks across the world to deliver solutions that will fuel their regulatory and innovation agendas.
On the fundraise, Carmelle Cadet, Founder & CEO of EMTECH shared, “EMTECH’s adoption of blockchain technology enables the democratization of finance, bringing financial freedom and inclusivity to individuals and businesses of all sizes. With the support of our investors, we are well positioned to expedite our growth, diversify our product offerings and continue to drive transformative change across the financial services landscape.”
Emtech has so far bagged $10 million in funding. Last year in November, Emtech had raised $5 Mn in seed round from Level Up Ventures, followed by a recent $2 million extension.
Founded in 2019, by Carmelle Cadet, a former Executive at IBM Finance, Blockchain & Technology, Emtech offers an API-First Platform that connects central banks and fintechs for embedded regulatory compliance and central bank digital currency. The company is building the next generation of central banking infrastructure for the Web3 era.
EMTECH has successfully developed Regtech and CBDC stack solutions by harnessing DLT and blockchain technology. Notably, these solutions have been deployed and utilized by the Central Banks of Ghana, Nigeria and the Bahamas, effectively advancing their Regtech and CBDC agendas. Additionally, the company also works with fintechs in those regions, offering valuable insights from both a regulatory and innovation standpoint.
Aakash Kumar, Principal at Matrix Partners India, said, “Digital assets and programmable currency in the form of regulated CBDCs can turbocharge financial inclusion. Emtech’s vision of shaping blockchain powered fintech infra for CBDCs and solutions for fintech regulation is compelling and we are excited to partner with them on their journey.”
EMTECH will work with central banks across the world to deliver solutions that will fuel their regulatory and innovation agendas.
On the fundraise, Carmelle Cadet, Founder & CEO of EMTECH shared, “EMTECH’s adoption of blockchain technology enables the democratization of finance, bringing financial freedom and inclusivity to individuals and businesses of all sizes. With the support of our investors, we are well positioned to expedite our growth, diversify our product offerings and continue to drive transformative change across the financial services landscape.”
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