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TechFlow News — Emtech, an African CBDC infrastructure provider, has raised $4 million in seed funding led by Matrix Partners India, with participation from BTN, Vested, Equity Alliance, and LoftyInc Capital. The funds will be used to develop its CBDC stack and regulatory technology solutions. To date, Emtech has raised a total of $10 million.
According to founder Carmelle Cadet, Emtech plans to deploy the first version of its CBDC platform this year.
Emtech, an African CBDC infrastructure provider, has secured $4 million in seed funding led by Matrix Partners India, with participation from BTN, Vested, Equity Alliance, and LoftyInc Capital. The funds will be used to develop its CBDC stack and regtech solutions. To date, Emtech has raised a total of $10 million. Founder Carmelle Cadet said the company plans to deploy the first version of its CBDC platform this year.
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