According to PANews on August 3, according to Techcrunch, African CBDC infrastructure provider Emtech completed a $4 million seed round of financing, led by Matrix Partners India, and participated by BTN, Vested, Equity Alliance, LoftyInc Capital and others. Emtech plans to use the fresh funds to further develop the CBDC stack and its RegTech solutions. Founder Carmelle Cadet said Emtech will deploy the first version of its CBDC platform this year.

Odaily Planet Daily News Emtech, an African central bank infrastructure provider, announced the completion of a $4 million seed round of financing, led by Matrix Partners India, with participation from BTN, Vested, Equity Alliance, and LoftyInc Capital. Emtech plans to further develop the CBDC stack and its RegTech solutions. Emtech's previous investors include Noemis Ventures, Octerra Capital and 500 Global. Up to now, Emtech's total financing amount has reached 10 million US dollars. (Techcrunch)

Jinse Finance reported that Emtech announced that it has received USD 4 million in seed investment led by Matrix Partners India. It plans to further develop the CBDC stack and its RegTech solutions. BTN, Vested, Equity Alliance and LoftyInc Capital were other investors in the round. They join Emtech’s previous investors, including Noemis Ventures, Octerra Capital and 500 Global, among others. The round brings Emtech's total investment to $10 million (including last year's $4 million pre-seed investment and the most recent $2 million deferred investment).