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ResilienceVC bucks trend, unveils $56M fund to back fintechs working onfinancial inclusion
ResilienceVC, a new seed-stage fintech venture capital firm in Washington, D.C., has launched a $56 million fund to invest in fintech startups focused on financial inclusion. Founded in 2023 by Tahira Dosani and Vikas Raj, the firm aims to support entrepreneurs addressing financial stability issues. Their portfolio will include diverse companies, with an emphasis on underrepresented founders and strategic connections in the regulatory environment.
Key points
- ResilienceVC was founded in 2023 by Tahira Dosani and Vikas Raj, backed by a $56 million fund.
- The firm targets fintech companies that promote financial stability and inclusion.
- They plan to invest in around 25 startups, focusing on underrepresented founders.
- Previous experience includes investments in over 50 companies while at Accion Venture Lab.
- The fund is oversubscribed, with partnerships including institutions like MetLife and Skoll Foundation.
- ResilienceVC is strategically located in D.C. to connect with regulators and policymakers.
- Raj emphasizes the need to serve low to moderate-income individuals and small businesses.
Why it matters
- Current trends show a growing emphasis on financial inclusion and the use of technology to service underserved markets.
- The fintech landscape is rapidly evolving with a focus away from traditional high-net-worth clients.
- The establishment of ResilienceVC reflects a broader shift towards more socially impactful investments among venture capital firms.
- Legislative changes related to fintech regulation are prompting investors to position themselves closer to policy-making centers.
ResilienceVC's $56 million fund marks a refreshing commitment to financial inclusion in fintech, challenging the conventional investor focus and aiming to empower underrepresented founders while harnessing technology for widespread economic benefit.