FinTech news in Caribbean category

Founded last year by Kelly Ifill, the company aims to narrow the racial wealth gap by providing financial services to Black small businesses and creators. As a result, Ifill hopes Guava will help Black entrepreneurs receive access to the financial support needed to weather every kind of financial storm, especially as another recession looms. And yet, Black founders receive less than 2% of all venture capital funding, and only 3% of Black women run mature businesses. At the same time, Bloomberg reported that Black founders — Black women specifically — were the fastest growing cohort of entrepreneurs.

Emtech’s digital regulatory platform includes the innovator’s center, which helps fintechs to prepare and test the requirements for multiple regulators and/or countries and test regulatory reporting APIs for pre-market technical integration, as well as the regulatory sandbox, a fintech launchpad based on regulator limits and the live reporting of data. It is this missing connection that Emtech, a central bank digital infrastructure provider, is looking to fill through its digital regulatory platform, which aims to fast-track the reach of fintech products to market.