Emtech Raises USD 4 M Seed Round To Expand

Emtech, an African provider of central banking infrastructure is today announcing a USD 4 M seed investment led by Matrix Partners India. BTN, Vested, Equity Alliance, LoftyInc Capital, Noemis Ventures, Octerra Capital and 500 Global also participated in the round. It plans to further the development of this CBDC stack and that of its regtech solution.

Emtech introduced its Central Bank Digital Currency (CBDC) Innovation kit last month that caters to fintechs and financial service providers interested in experimenting with solutions and business models based on digital currencies pioneered by central banks. Emtech’s digital regulatory platform previously included the innovator’s center, which assists fintechs in preparing and testing requirements for numerous regulators and pre-market technological integration. The regulatory sandbox enables regulatory bodies to respond to innovations based on live testing results.