Accion

Investor - Venture Capital

Overview

Accion is a US-based non-profit organisation that supports microfinance institutions while they work to provide financial services to clients on low-income. They have focused their FinTech investments on early-stage companies based in North and Latin America, as well as Asia.

Country: United States

Founded: 1961

Headquarters: Massachusetts, United States

https://www.accion.org

+1 617.625.7080

info@accion.org

Investment Strategy

Geography

Africa
North America
Latin America
Asia

Sector Focus

Marketplace Lending
WealthTech
InsurTech
Payments and Remittances
Data and Analytics

Investment Stage

Seed
Early Stage Venture
Growth Stage
Series A

Summary

Accion is dedicated to building a more financially inclusive world, and to serve the people left behind by the world’s economic systems.

In March 2017 the firm announced that, along with venture capital firm Quona Capital Management, they had raised $141m for a new fund that will invest in FinTech startups that provide services to undeserved consumers and businesses, and that the geographical focus will be on emerging markets in sub-Saharan Africa, Latin America, and Asia.

They used their new fund to log their first foray into the InsurTech space in an undisclosed investment into South Africa-based AllLife in May 2017.