Funding objective . It will now invest an additional $33M –$10M from Accion and $23M from a coinvestment vehicle with third party funds, bringing Venture Lab’s total capital under management to $43M, more than four times the initial amount. Over the … Accion Venture Lab is an investment initiative that provides startups with seed capital and support. Accion, a U.S.-based nonprofit that works to improve financial inclusivity globally, has announced that Accion Venture Lab, a seed-stage investment initiative, has secured $33 million in capital in support of fintech startups working to improve the reach, quality, and affordability of financial services for underserved communities.. 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 focuses on disruptive early companies. You’re an early-stage fintech company with great potential and promise. 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. Ultimately, these companies support entrepreneurship, resilience in farming, gig economy and migrant workers, healthcare, transportation, and education. 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). Leave a comment Cancel reply-or-Log in with your FinTech Futures account. Accion Venture Lab's Amee Parbhoo joins the first episode of a four-part mini-series of VentureKast to discuss insights and strategies from Accion Venture Lab's latest publication, which explores how fintech startups can grow by focusing on building value for their existing users. We invest capital in and provide support to innovative fintech start-ups that increase access to, improve the quality of, or reduce the cost of financial services for the underserved at scale. Contact Us. Try: Financial Technology, Sub-Saharan Africa, Case Study, Opening opportunities for job creation in developing countries, Everyone deserves a second chance to build credit and financial security, Forging a path ahead for the fintech community, Fintech startups are small yet mighty partners in building resilience—but they need to grow to succeed. Acción Venture Lab invierte en Tienda Pago para ayudar a las pequeñas empresas latinoamericanas News provided by. Since launching, Accion Venture Lab has deployed over $12 million across more than 30 start-ups that work in over 20 countries worldwide. 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. Accion Venture Lab is an investment initiative that provides startups with seed capital and support. More at http://www.accion.org. Accion Venture Lab is a global venture fund at Accion that invests in fintech for financial inclusion. Note to reporters: Accion Venture Lab launched in 2012 with $10 million in capital. Because of their high risk level and remoteness, these start-ups traditionally lack access to capital and assistance that f… For the Media. Accion Venture Lab’s portfolio of fintech start-ups stands at 36 and they span across five continents, giving an equal pitch footing to fintech ventures of all markets. Accion Venture Lab is a global venture fund at Accion that invests in fintech for financial inclusion. Accion Venture Lab is the world's leading seed-stage investor in fintech for the underserved. Accion Venture Lab, launched in 2012, is a seed-stage impact investment initiative that provides small amounts of capital (up to $500,000) and management support to jump-start game-changing financial inclusion startups around the world, promoting better financial services to more people at the base of the pyramid (BOP). See what employees say it's like to work at Accion. Accion is a global nonprofit committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing. “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. 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. 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. Accion Venture Lab is the world's leading seed-stage investor in fintech for the underserved. Accion Venture Lab. 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. 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. Lack of financial access is a massive global problem. Accion Venture Lab has always had a commitment to growing and supporting fintech startups that are advancing financial inclusion in Africa. VC Funding in healthcare IT nearly doubles to $2.2 billion in 2013 16 Jan, 2014, 05.36 PM IST Congrats, you have been scouted for the fast-track application process of , by our scouts. What does embedded inclusive fintech look like? 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. Accion is a global nonprofit committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing. Managing Director, Accion Venture Lab. The Venture Lab portfolio focuses on an evolving set of key trends within the fintech space that offer the greatest potential to reach underserved communities. 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. VentureKast is the podcast about fintech and financial inclusion. 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. “Fintech startups are finding new ways to provide products and services that help these underserved people. “Capital must be paired with strategic and operational support that is informed by a deep knowledge of the sector, target customer, and a deliberate focus on how new technologies can help the underserved build better lives. Accion Venture Lab Remote Diligence Mini Guide SEPTEMBER 2020. Digital platform providing salary on demand to workers in the Philippines, Alternative credit scoring for thin-file customers, Tech-enabled smallholder agriculture financing, Digitizing field forces for microfinance and other institutions, Smartphone card-reader for broader merchant acceptance, Investment platform for SME marketplace lending, Credit building and financial advisory services, Provides high-quality credit to entrepreneurs using alternative data, Alternative credit scoring leveraging innovative data sources, PlatFin for data-driven supply chain management, distribution services and working capital financing for pharmacies, Alternative credit scoring based on mobile phone data, Online technology courses financed via income share agreements (ISAs), Digital payment app with consumer credit line, Business banking for self-employed workers, App-based banking solution providing credit, savings and access to a pre-paid card for the underserved, Merchants mobile money acceptance and cash advance, Refinancing for consumer debt and credit rebuilding, An insurtech company that provides insurance to highly vulnerable, low-income families, Mobile banking tech to provide remittance options to migrant workers, Specialized education lender in Indonesia financing both schools and students, Provides credit and digital business management tools to MSMEs, Agricultural insurance to smallholder farmers in Africa and India, Asset-backed loans and vehicle insurance for underserved consumers in Colombia, Financial literacy videos and behavioral credit scoring, Provides a loan solution to help consumers both build credit and save money, Consumer nano-loans through a smartphone app, Provides secured credit to Brazilian farmers using satellite imagery, Financing for MSMEs leveraging supply chain distribution networks, Specialized loans for affordable private schools. 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