With participation from international investors including BTN, VestedWorld, Equity Alliance, and Lofty Inc., the fintech startup EMTECH Solutions has raised $4 million in a new round of funding that was led by Matrix Partners India.
According to a press release from the business, the funds will be used to support the ongoing development of its infrastructure tools for central banks and fintech businesses.
With its API-led regulatory sandbox, EMTECH assists several central banks in modernizing the regulatory review process of fintechs. With six central banks on board, the company is collaborating with fintechs and central banks while lowering barriers and fostering an environment that is developer-friendly. Additionally, it has created solutions for the regtech and CBDC stack by utilizing distributed ledger technology (DLT) and blockchain technology.
The business collaborates with fintechs as well, providing important regulatory and innovative insights.
In June of last year, Matrix announced its India-specific fund and reached a final close of $550 million. Among others, the new fund has supported Freakins, Scapia, Genwise, Saveo, Murf AI, XimKart, and ZippMat.
