EMTECH provides software, data and services that connect central banks to other regulators and financial services providers, with platforms that power regulatory data exchange, compliance, supervision, currency issuance and currency movement. Its offerings focus on digital cash, regulatory sandboxes, compliance, accelerating payments and settlement times, and driving financial inclusion. The company is founded and led by Carmelle Cadet, a former IBM Blockchain executive. EMTECH aims to help central banks modernize payments systems, enhance supervisory capabilities, and develop infrastructure needed for tokenization and central bank digital currency. As part of a strategic partnership, Accenture will integrate EMTECH products into its core banking transformation services and EMTECH will join Accenture Ventures' Project Spotlight. Terms of the investment were not disclosed. Emtech develops central bank digital currency (CBDC) infrastructure and a CBDC Innovation Kit aimed at fintech platforms and financial service providers. The firm announced the launch of its CBDC Innovation Kit last month and says it will support experimentation with virtual-currency solutions backed by reserve banks. Emtech is continuing development of its CBDC technology stack alongside its Regtech offerings and plans to launch an initial version of a CBDC platform in late 2023, according to founder Carmelle Cadet. The company is headquartered in New York. Financially, Emtech announced a $4 million investment led by Matrix Partners India and said the latest round brings total investments to $10 million. The round included contributions from BTN, Equity Alliance, LoftyInc Capital and Vested and joins existing backers Noemis Ventures, Octerra Capital and 500 Global. Emtech provides a digital regulatory platform that includes an innovator’s center and a regulatory sandbox to help fintechs prepare, test, and integrate with multiple regulators. The platform supports pre-market technical integration via regulatory reporting APIs, live reporting of data, and cross-regulator collaboration to enable cross-border innovation and financial inclusion. After a pilot in Ghana, Emtech signed five agreements with central banks across Africa and the Caribbean and has moved into production. The startup raised $4 million in seed funding from a group of investors to support that expansion. Founder and CEO Carmelle Cadet launched the company in 2019 and says Emtech plans to be working with at least 10 central banks by the end of the year. Emtech also plans to introduce a CBDC platform for regulators, partnering with Hedera Hashgraph to build a high-performance, energy-efficient solution.

Total raised

$8M

Funding rounds

3

Latest round

Seed

Latest activity

Aug 2023