Resilience Bucks Trend, reveals $ 56 million funds to support Fintechs who work on financial inclusion

Resiliencevc, a new fintech company for the Fintech company in Washington, DC, announces its debut fund in the amount of $ 56 million that the company only shared with Techcrunch.

The mission of Tahira Dosani and Vikas Raj in 2023 is an uncomplicated mission of ResilienceVC: to support FinTech companies that help Americans find financial stability. Checks are written in companies that can help people to deal with challenges, e.g.

“We only invest in visionary startup entrepreneurs who use new technologies and new business models to promote financial resilience for all Americans,” said Raj. “For many Americans, the financial system simply doesn't do what it should do.”

The couple has a story in which they invest in companies that help increase financial inclusion. Previously, they worked together as former Co-Managing directors from Accion Venture Lab for several years before they left to start resiliencevc. Examples of their services are Dosani, who help to start the first mobile payment platform in Afghanistan while they are on site in the country, and Raj foundation of a microlender in Bangalore, India, which triggered his interest in microfinance and prompted him to invest in FinTech.

In its more than eight years of investments in Accion, a global fintech investor in the USA and in development markets, the duo invested in over 50 companies, including a number of unicorns. Dosani and Raj have been raising capital for the first fund from ResilienceVC for about 18 months, with the last conclusion taking place at the end of 2024.

ResilienceVc plans to make 25 investments from the fund, which the couple described as “oversubscribed” with a first goal of $ 50 million. The portfolio companies include Alice, Chaiz, Earlybird, Foyer, Mirza, OS advantages, partner slate and suma. The first investment per company is around 1 million US dollars. So far, 75% – or six out of eight – have been underrepresented by its portfolio companies.

“We assume that we will pursue in around 50% of our companies to double our participation in the next round,” said Dosani. “That will depend on the portfolio performance, but we will double our winners.”

The company's limited partners are a combination of institutions, banks, family offices, individuals and foundations with high network value and include the Metlife, the Skoll Foundation and the Ally Financial.

In particular, ResilienceVC has intentionally announced with its headquarters from DC Raj that it can use its location and its relationships with supervisory authorities and political decision -makers.

“We think it is an important place if you invest particularly in Fintech. This is a time of big changes, almost daily change, in the regulatory environment and in the political environment, ”he added. “I think it is very clear that everyone in financial services must have profound connections to decision -makers, supervisory authorities, political decision -makers and agency managers. And that applies in particular to startups. So we position ourselves here in DC as a channel for these units. “

Dosani also believes that the company has a perspective to “get a perspective of the growing number of founders that work in other cities across the country”.

Overall, the couple at ResilienceVC hope a trend that we have seen in Fintech Investing: companies that concentrate on customers with high network value or large companies.

Too often low to moderate income or American small companies are “too small, too risky and too difficult to serve them”, and leaves “a really big gap for … investors who concentrate on the startups that use new technologies, such as AI and embedded,” to build large profitable companies, “Raj told Techcrunch.

“We want to sit in this gap – and only invest in the best fintech startups that explicitly serve the mass market,” he said.