Accion Venture Lab focuses on for-profit enterprises with new products or business models that expand the range of high-quality financial services for people living in poverty. Accion Venture Lab — the seed-stage investment arm of nonprofit Accion — has raised $23 million for a new inclusive fintech startup fund. Accion Venture Lab and Quona Capital teamed up to host a series of remote discussions for fintech startups and industry experts to share guidance and insights. Accion Venture Lab. Tags: Financial Services/Finserv, Innovation, Investment & Funding Accion, Accion Venture Lab, FinTech News Africa, USA. Digital challenger bank Jeitto has that it has closed on a new funding round led by Accion Venture Lab, a seed-stage investment initiative of global nonprofit Accion. Washington, D.C., September 4, 2019 – Today, global nonprofit Accion announced that its seed-stage investment initiative Accion Venture Lab is adding $33M to its initial capital pool, with the launch of a new $23M fund and an additional, separate $10M investment from Accion. “We’re seeing substantial growth in the amount of investment capital available for fintech startups from what we saw when Accion Venture Lab launched in 2012, but money isn’t enough,” said Venture Lab Managing Director Tahira Dosani. You’re an early-stage fintech company with great potential and promise. Accion Venture Lab launches second edition of Company Builder programme. Hosted by Vikas Raj, Managing Director of Accion Venture Lab, VentureKast features the stories of the entrepreneurs and investors who are using inclusive fintech to serve the three billion people around the world who are underserved by the mainstream financial system. 2 LET’S SET THE SCENE. Field Intelligence. Because of their high risk level and remoteness, these start-ups traditionally lack access to capital and assistance that f… Accion is a global nonprofit committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing. Accion is a global nonprofit committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing. Accion, a global nonprofit focused on financial inclusion announced last week that its seed-stage investment initiative Accion Venture Lab has closed $33 million in fresh capital; with $23 million of it coming for Accion Venture Lab’s new fund from third-party investors and an additional $10 million investment from Accion itself. Accion Venture Lab is a leading seed-stage investor in Fintech for the underserved. To address these needs, Venture Lab — typically the first institutional investor in its portfolio companies — provides both capital and extensive strategic and operational support across a broad range of functional areas. Paolo Limcaoco Southeast Asia Investment Officer . Venture Lab invests capital in and provides support to innovative fintech startups that increase access to, improve the quality of, or reduce the cost of financial services for the underserved at scale. Venture Lab invests capital in and provides support to innovative fintech startups that improve access, quality, and affordability of financial services for the underserved at scale. To date, millions of people and small businesses around the world have benefitted from services provided by Venture Lab portfolio companies, and many of those companies have gone on to achieve substantial scale thanks to Venture Lab’s catalytic capital. Inclusive fintech startups face the same significant entrepreneurial challenges as other startups, as well as additional challenges: a highly competitive sector, constantly evolving regulations that vary across markets, challenges building the right team, and tight margins. Lack of financial access is a massive global problem. Careers. We can accelerate the growth trajectories of companies through our capital plus approach to investing.”, “There is strong potential for inclusive fintech startups to reach historically underserved communities while generating returns, and the oversubscription of the Accion Venture Lab fund is great validation of our early work investing in more than 40 innovative businesses operating in 30 markets,” said Venture Lab Managing Director Vikas Raj. Accion Venture Lab has always had a commitment to growing and supporting fintech startups that are advancing financial inclusion in Africa. --- or ---- Register Login Login × Accion Venture Lab provides capital and extensive support to innovative, scalable fintech startups that improve the reach, quality, and affordability of financial services for the underserved. Accion Venture Lab is a global venture fund at Accion that invests in fintech for financial inclusion. Accion International has launched its $10 million investment vehicle, Venture Lab, which is focused on providing seed capital to organisations that promote financial inclusion. Accion Venture Lab addresses this need.”. Venture Lab invests capital in and provides support to innovative fintech startups that increase access to, improve the quality of, or reduce the cost of financial services for the underserved at scale. Accion Venture Lab, a unit of US-based nonprofit Accion, recently took an equity stake of undisclosed size in TerraMagna, an agricultural financial technology (fintech) startup in Brazil that partners with retailers of farming inputs on underwriting and funding loans to smallholder farmers. Accion Venture Lab (“AVL”) is a fintech venture capital fund, part of Accion International. For more than 50 years, Accion has helped tens of millions of people through our work with more than 110 partners in 50 countries. The Accion Frontier Inclusion Fund, the first global fintech fund for the underserved, for which Accion is the sponsor and anchor investor, invested in Konfio's Series A round in May 2016. Investing since 2012, and backed by third party commercial and impact investors since the launch of our fund in 2019, we typically invest U.S. $500,000 in seed-stage startups and can continue to support companies as they grow through follow-on capital that drives scale. facebook social icon link twitter social icon link instagram social icon link linkedin social icon link medium social icon link vimeo social icon link. How We Work . Accion Venture Lab focuses on disruptive early companies. Accion expanded its work to yet another country in April 2015 when it partnered with Myanmar's DAWN, a microfinance institution originally launched in 2002 as a program of Save the Children. Accion Venture Lab is the world’s leading seed-stage investor in fintech for the underserved. Accion Venture Lab has always had a commitment to growing and supporting fintech startups that are advancing financial inclusion in Africa. Accion Venture Lab invests capital in and provides support to innovative fintech startups that improve access, quality, and affordability of financial services for the underserved at scale. See what employees say it's like to work at Accion. “This new pool of capital enables us to scale our efforts and remain at the forefront of seed stage investing in inclusive fintech.”. Mobile phone–based financial services or business models built on mobile payment platforms; Specialized credit assessment or delivery models (e.g., underwriting/credit scoring approaches, housing, education, small and medium enterprise finance, energy); Online or social media platforms for enabling financial access (e.g., peer-to-peer, social media); Pay-as-you-go, collaborative consumption, and other “embedded” financial service models (e.g., micro-leasing, rent-to-own, modular housing); and. Note to reporters: Accion Venture Lab launched in 2012 with $10 million in capital. Since these start-ups traditionally lack access to capital and assistance, Venture Lab provides flexible financial and non-financial support to suit the needs of each investee enterprise, such as investment and support (investee companies may get connected to Accion’s in-house technical experts, microfinance teams and customers from partner institutions around the world, and the global banking and investing … Accion International launches $10 million investment vehicle, Venture Lab 05 May, 2012, 12.44 PM IST. Accion Venture Lab is an investment initiative that provides startups with seed capital and support. Shannon Dwyer Investment & Portfolio Associate. Accion Venture Lab, a unit of US-based nonprofit Accion, recently took an equity stake of undisclosed size in TerraMagna, an agricultural financial technology (fintech) startup in Brazil that partners with retailers of farming inputs on underwriting and funding loans to smallholder farmers. Our fund’s Limited Partners include FMO, the Dutch entrepreneurial development bank; the Ford Foundation; the ImpactAssets Giving Fund of Blue Haven Initiative; Heifer Foundation; MetLife Foundation; Open Society Foundations; Pace Able Foundation; Proparco, the French Development Agency (AFD)’s private sector financing arm; Prudential Financial; Stichting Hivos-Triodos Fund, managed by Triodos Investment Management; and Visa Inc. (NYSE: V). “Despite progress, three billion people still have no safe or simple way to save money, get a loan to build a business, pay a bill, or protect their health and property with insurance,” said Michael Schlein, President and CEO of Accion. We are focused on opportunities in the US, Latin America, Africa, South Asia, and Southeast Asia but will invest globally if the team and idea are right. Venture Lab invests capital in and provides support to innovative fintech startups that increase access to, improve the quality of, or reduce the cost of financial services for the underserved at scale. Accion Venture Lab is an investment initiative that drives financial inclusion globally. Venture Lab leverages third party investment capital for the first time to scale its innovative model supporting inclusive fintechs. Accion Venture Lab Remote Diligence Mini Guide SEPTEMBER 2020. ‎Accion Venture Lab is an initiative of Accion International that invests in innovative financial inclusion start-ups that improve financial access for people living in poverty. Funding objective . Accion Venture Lab is an investment initiative that provides startups with seed capital and support. Accion Venture Lab is the world’s leading seed-stage investor in fintech for the underserved. Accion, a global nonprofit focused on financial inclusion announced last week that its seed-stage investment initiative Accion Venture Lab has closed $33 million in fresh capital; with $23 million of it coming for Accion Venture Lab’s new fund from third-party investors and an additional $10 million investment from Accion itself. ‎Accion Venture Lab is an initiative of Accion International that invests in innovative financial inclusion start-ups that improve financial access for people living in poverty. Ultimately, these companies support entrepreneurship, resilience in farming, gig economy and migrant workers, healthcare, transportation, and education. Accion Footer Logo Accion is a global nonprofit committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing. AVL makes seed and early stage venture capital investments in fintech companies that employ business models to enhance financial inclusion for the underbanked and unbanked populations in emerging markets globally. Accion Venture Lab and Quona Capital teamed up to host a series of remote discussions for fintech startups and industry experts to share guidance and insights. Venture Lab also partners with philanthropic organizations whose support enables it to provide specialized and extensive strategic and operational support to its portfolio companies and to invest at the higher-risk pre-seed stage in pursuit of its mission to reach the underserved. Venture Lab invests capital in and provides support to innovative fintech startups that increase access to, improve the quality of, or reduce the cost of financial services for the underserved at scale. Microfinance and fintech impact investing Lab Remote Diligence Mini Guide SEPTEMBER 2020 tags: financial,. 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