
EMVC
Description
EMVC (Emerging Markets Venture Capital) is a Washington, D.C.-based venture capital firm that strategically invests in early-stage fintech companies across high-growth emerging markets, with a significant emphasis on India. Co-founded by Melissa Frakman and Anand Kumar, the firm positions itself as a crucial partner for innovative startups aiming to build the next generation of financial infrastructure and services in these dynamic regions.
EMVC primarily targets Seed and Series A rounds, deploying initial checks that typically range from $500,000 to $5 million. The firm successfully closed its debut fund, EMVC Fund I, at $50 million in 2021, notably exceeding its initial target of $40 million due to robust investor interest. This capital is strategically allocated to companies that are leveraging technology to address critical financial needs and expand access to financial services in underserved markets.
Their investment thesis centers on disruptive themes within the fintech landscape, including embedded finance, digital lending, payments infrastructure, SaaS for financial services, and wealth management solutions. EMVC is committed to backing strong founding teams with deep market insights and scalable business models. Beyond capital, EMVC offers its portfolio companies strategic guidance, operational support, and access to a global network, helping them navigate complex regulatory environments and accelerate growth in rapidly evolving emerging economies. Their portfolio includes notable companies like M2P Fintech and Open, underscoring their focus on foundational fintech innovation.
Investor Profile
EMVC has backed more than 25 startups, with 1 new investments in the last 12 months alone. The firm has led 3 rounds, about 12% of its total and boasts 0 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series A, Pre Seed rounds (top funding stages).
- Majority of deals are located in India, United States, Singapore.
- Strong thematic focus on Financial Services, FinTech, Payments.
- Typical check size: $500K – $5M.
Stage Focus
- Seed (60%)
- Series A (20%)
- Pre Seed (12%)
- Series B (8%)
Country Focus
- India (76%)
- United States (20%)
- Singapore (4%)
Industry Focus
- Financial Services
- Fintech
- Payments
- Software
- Identity Management
- Real Time
- Insurtech
- Finance
- Infrastructure
- Lending
Frequently Asked Questions
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