The funding will facilitate the global expansion of its profitable identity and risk data infrastructure. Following a year of 5x revenue growth, the new capital will support team growth and market penetration across Europe and Latin America while enhancing the company's real-time decisioning capabilities.

Led by Bertelsmann India Investments, the funding will enable Wealthy to deepen its AI - led platform for mutual fund distributors, who still intermediate roughly 80% of India’s retail equity wealth.

EMVC portfolio company M2P, which is a Banking-as-a-Service platform for lenders and fintech companies, raised $102mm in primary and secondary capital led by Helios Investment Partners.

Melissa was awarded the title of Global Fintech Person of the Year at the Global Fintech Festival in Mumbai which witnessed participation from over 80,000 fintech founders, senior executives, regulators and delegates from all across the world.

In an interview with Jar’s co founders, Forbes India highlights the company’s journey from founding to a 20mm user base and the plans ahead.

Innovate Finance named EMVC’s CEO and Founding Partner Melissa Frakman on the Women in Fintech Powerlist 2023.

EMVC portfolio company M2P Fintech, was featured among Financial Times’ High-Growth Companies Asia-Pacific list for 2024.

EMVC portfolio company, Bureau, announced expansion into the Philippines and Indonesian markets for enabling identity decisioning, fraud prevention and seamless compliance for digital businesses.

Dive into top ideas from EMVC for fintech in India in 2024.