DurabilityA new Seed-Stage Fintech Venture Capital company based in Washington, DC, announces the $ 56 million fund debut, the company that is exclusively shared with Techcrunch.
Founded by Tahira Dosani and Vikas Raj in 2023, Resiliencevc’s mission is simple: to support Fintech companies dedicated to providing aid for Americans to find financial stability. He writes checks on companies that can help people meet challenges, such as homeowners, accessible insurance and have access to government benefits.
“We are entirely investing in visioning businessmen who are utilizing new technologies and new business models to eventually lead financial durability to all Americans,” Raj said. “For many Americans, the financial system just doesn’t do what it has to do.”
The couple has a history of investment in companies that help enhance financial integration. They have worked together for several years as former cooperation managers at Accion Venture Lab before leaving to start Resiliencevc. Examples of their achievements include Dosani that helps start the first Afghan payment platform, while RAJ was the first employee of a micro -installation company in Bangalore, India, which caused his interest in microfinance and led him to invest in Fintech.
In more than eight years investing in Accion, a global fintech sowing investor in the US and developing markets, the twin has invested in more than 50 companies, including many unicorns. Dosani and Raj have raised a capital for the first Resiliencevc fund for about 18 months, with the final closure being held at the end of 2024.
Resiliencevc plans to make 25 investments from the fund, which the couple is described as “overwhelming” with an initial target of $ 50 million. Portfolio companies include Alice; Idler; Initially; Foyer; Starter; OS benefits; Partners; Sulaamong others. The initial investment per company is about $ 1 million. To date, 75% – or six of the eight – of its portfolio companies are found to be founded.
“We expect to follow about 50% of our companies, trying to double our share in their next round,” Dosani said. “This will depend on the performance of the portfolio, but we will double our winners.”
The limited partners of the company are a combination of institutions, banks, family offices, high network and foundations and include Metlife, Skoll Foundation and Ally Financial, among others.
Specifically, Resiliencevc is deliberately based in DC RAJ, he told TechCrunch so that he could take advantage of his position and relationships with regulators and policymakers.
“We believe it is an important place to be if you are investing in Fintech in particular. This is a time of great change, almost daily change, in the regulatory and policy environment,” he added. “I think it is very clear that everyone in financial services must have deep connections to decision -making, regulators, policy -makers, agencies heads. And this is especially true for newly established businesses. So we place ourselves here in DC.
Dosani also believes that being outside Silicon Valley gives the business an advantage to see “the growing number of founders operating in other cities across the country”.
Overall, with Resiliencevc, the couple hopes to hit a trend we have seen in Fintech Investing: Businesses focus on high -value customers or big businesses.
Very often, low -income or US small businesses are simply considered “very small, very dangerous and very tough to get ahead to serve”, leaving “a truly large gap for … investors focusing on newly established businesses such as For everyone, “Raj told TechCrunch.
“We want to sit in this gap – and invest exclusively with the best Fintech businesses that explicitly serve the mass market,” he said.
