Fintech startup EMTECH Solutions has raised $4 million in a new round led by Matrix Partners India, with participation from global investors like BTN, VestedWorld, Equity Alliance and Lofty Inc.
The funds will be used to fuel the ongoing development of its infrastructure tools for central banks and fintech companies, the company said in a press release.
EMTECH helps to transform the regulatory review process of fintechs for several central banks with its API-led regulatory sandbox. With six central banks onboard, the firm is connecting with central banks and fintechs, while reducing friction and promoting a developer-friendly environment. It has also developed regtech and CBDC stack solutions by harnessing distributed ledger technology (DLT) and blockchain technology.
Additionally, the company also works with fintechs, offering valuable insights from both a regulatory and innovation standpoint.
Matrix announced its India dedicated fund in June last year and made a final close at $550 million. The new fund has backed Freakins, Scapia, Genwise, Saveo, Murf AI, XimKart, ZippMat, among others.
