What is EMQ?
EMQ operates a global financial settlement network designed to offer businesses a more efficient, cost-effective, and transparent method for cross-border capital settlement. The company's flexible infrastructure is built to handle diverse financial transactions across various vertical industries, including e-commerce, merchant settlement, procurement, and payroll. EMQ navigates complex international regulations and compliance standards, ensuring secure and reliable settlement of any cross-border movement of funds. The company's commitment to innovation in financial technology aims to streamline global commerce and facilitate easier financial flows for businesses operating internationally.
How much funding has EMQ raised?
EMQ has raised a total of $26.5M across 2 funding rounds:
Series A
$6.5M
Series B
$20M
Series A (2017): $6.5M, investors not publicly disclosed
Series B (2020): $20M led by Hard Yaka, WI Harper Group, SparkLabs Taipei, DG Venture, Abu Dhabi Capital Group LLC, VS Partners LLC, January Capital Advisors, Vectr Fintech Partners, Intudo Ventures, AppWorks, and Quest Venture Partners
Key Investors in EMQ
Hard Yaka
Hard Yaka is a strategic investment firm founded in 2011, focusing on fair access to essential services such as payments, digital identity, and banking. The firm has invested in over 250 companies, driven by the principle that everyone deserves equitable access to financial resources and communication tools.
WI Harper Group
WI Harper Group is a venture capital firm that specializes in early-stage investments across multiple sectors, leveraging deep domain expertise to support bold entrepreneurs. With over 30 years of experience, the firm has backed over 250 companies in 30 countries, focusing on areas such as healthcare, biotechnology, AI, and sustainability.
Quest Venture Partners
Quest Venture Partners is a venture capital firm that specializes in investing in early-stage companies with innovative ideas and strong teams. They typically provide initial funding ranging from $100k to $1.5 million, with a focus on investments around $500k.
What's next for EMQ?
With its recent major strategic investment, EMQ is poised to further expand its global reach and enhance its settlement network capabilities. The substantial capital infusion, part of its $26.5M in total funding, suggests a strategic push towards scaling operations, potentially entering new markets, and further developing its technology to meet evolving regulatory landscapes and customer demands. This financing will likely enable EMQ to solidify its position as a key player in the cross-border payment and settlement industry, driving innovation and offering more comprehensive solutions to its global clientele.
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