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EMVC

North America, District of Columbia, United States, Washington

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
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does EMVC frequently co-invest with?

Titan Capital
Asia, Haryana, India, Gurgaon
Co-Investments: 2
Blume Ventures
Asia, Maharashtra, India, Mumbai
Co-Investments: 4
Sweat Equity Ventures
North America, California, United States, San Francisco
Co-Investments: 2
500 Global
North America, California, United States, San Francisco
Co-Investments: 7
Better Capital
North America, California, United States, Santa Clara
Co-Investments: 2
Commerce Ventures
North America, California, United States, San Francisco
Co-Investments: 3
White Venture Capital
Asia, Central Region, Singapore, Singapore
Co-Investments: 2
PeerCapital
Asia, Karnataka, India, Bengaluru
Co-Investments: 2
Village Global
North America, California, United States, Covina
Co-Investments: 2
FinSight Ventures
North America, California, United States, Palo Alto
Co-Investments: 3

Which angels does EMVC often collaborate with?

AS
North America, District of Columbia, United States, Washington
Shared Deals: 1
MB
North America, California, United States, San Francisco
Shared Deals: 1
SN
North America, United States
Shared Deals: 1
KW
North America, California, United States, Portola Valley
Shared Deals: 1
Rohit Bansal
Asia, Haryana, India, Gurgaon
Shared Deals: 1
Kunal Shah
Asia, Karnataka, India, Bengaluru
Shared Deals: 5
Mahendra Singh Dhoni
Asia, Jharkhand, India, Ranchi
Shared Deals: 1
Kunal Bahl
Asia, Delhi, India, New Delhi
Shared Deals: 1
AW
North America, California, United States, San Francisco
Shared Deals: 1
AS
North America, California, United States, San Francisco
Shared Deals: 2

What are some of recent deals done by EMVC?

Mysa

Bengaluru, Karnataka, India

Mysa is a Unified Finance & Banking Platform for Mid-Sized Businesses

BankingFinanceFinancial Services
SeedFeb 12, 2025
Amount Raised: $2,800,000
Flash.co

Bangalore, Karnataka, India

Flash is a payments management app.

E-CommercePayments
SeedSep 18, 2023
Amount Raised: $6,607,269
Monnai

San Francisco, California, United States

Monnai is the global consumer insight infrastructure for fintech.

Financial ServicesFinTechIdentity ManagementInfrastructureLendingReal Time
Series AMar 9, 2023
Amount Raised: $6,500,000
Flash.co

Bangalore, Karnataka, India

Flash is a payments management app.

E-CommercePayments
SeedNov 30, 2022
Amount Raised: $5,800,000
Monnai

San Francisco, California, United States

Monnai is the global consumer insight infrastructure for fintech.

Financial ServicesFinTechIdentity ManagementInfrastructureLendingReal Time
SeedSep 29, 2022
Amount Raised: $3,150,000
TartanHQ

Bangalore, Karnataka, India

Tartan is a payroll connectivity API company enabling consent-driven employment and income verification in real-time.

Developer APIsFinanceFinancial ServicesFinTechInformation TechnologyReal TimeSoftware
SeedAug 1, 2022
Amount Raised: $4,500,000
Card91

Bengaluru, Karnataka, India

Card91 offers plug-and-play payment infrastructure as a service for businesses that want to issue, control, view, and approve payments.

BankingFinancial ServicesFinTechSoftware
SeedMar 27, 2022
Amount Raised: $13,000,000
TartanHQ

Bangalore, Karnataka, India

Tartan is a payroll connectivity API company enabling consent-driven employment and income verification in real-time.

Developer APIsFinanceFinancial ServicesFinTechInformation TechnologyReal TimeSoftware
SeedFeb 15, 2022
Wealthy

Bangalore, Karnataka, India

Wealthy is a financial services platform that uses technology to develop financial advice and transaction capabilities.

Financial ServicesFinTechMobile AppsWealth Management
Series AFeb 8, 2022
Amount Raised: $7,497,090
Bureau

San Francisco, California, United States

Bureau is trust network that facilitates end-to-end identity verification, compliance, and fraud prevention for new-age businesses.

Cyber SecurityFraud DetectionIdentity ManagementRisk Management
Series ADec 16, 2021
Amount Raised: $12,000,000