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Emerging Impact Raises $1.5M Round To Demystify Decentralized Finance

New fintech development platform Emerging Impact has announced that it’s raised $1.5 million in a recent financing round with investors, including Coinbase Ventures, Mercy Corps Ventures, 500 Global, and others. Founded in 2020 by Jon Lewis, Robert Greenfield, and Sandra Hart, Emerging Impact was created to send blockchain fintech products to areas in the market that have not been easily accessible through fiat and mobile money on/off ramps. Supported by recent funding, the company’s latest innovation will launch the open developer platform Umoja. Now consumers can tap into any financial service available within their peer market at a competitive rate while enjoying transaction costs 40 times cheaper than competitors and the utility of experiencing an economic system that is 1,000 times faster, according to a press release provided to AfroTech. “We created Umoja to accelerate inclusive, digital finance through open banking, and to empower and uplift more than 2 billion people...

Dec 6, 2021