VC Fund Investments
Banking s'ware provider to central banks Emtech raises $4-M led by Matrix Partners India
New York-headquartered software provider to central banks Emtech Solutions has raised USD 4 million led by Matrix Partners India, with participation from global investors Black Tech Nation Ventures, VestedWorld, Level Up Ventures, Alumni Ventures and LoftyInc Capital Management. The four-year-old startup, also backed by Noemis Ventures, Octerra Capital, and 500 Global, provides infrastructure tools to connect central banks and fintech companies using blockchain-based CBDC (central bank digital currency) stack solutions. It currently has six central banks onboard. The firm will use the new funds to advance the development of solutions and develop newer products.
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