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Bailey McCann, Opalesque New York: ResilienceVC, a seed-stage venture capital firm that invests in fintech startups, has closed its debut fund on $56 million. The firm said the fund was significantly oversubscribed.
In addition to investors in the fund, the firm is managing early-stage investments for the Discover Financial Health Improvement Fund.
Fund I will focus on embedded fintech companies that find new ways to address financial challenges such as the path to homeownership, limited access to affordable insurance, and obstacles to accessing pre-tax and other government benefits.
"When people have easy access to high-quality, relevant, and affordable financial tools through channels they are already familiar with, they are able to increase earnings, reduce expenses, mitigate risks, and build assets," said Tahira Dosani, Co-Founder and Managing Partner of ResilienceVC. "This is a win-win as it creates financial resilience for Americans as well as more stable, loyal, and profitable customers for the companies providing those services."
The firm is already investing out of its first fund. Investments include Alice, Chaiz, EarlyBird, Foyer, Mirza, OS Benefits, PartnerSlate and Suma, among others. The firm expects to make 25 investments with an average initial investment of $1 million per company.
ResilienceVC was founded in 2023 and is led by Tahira Dosani and Vikas Raj....................... To view our full article Click here
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