We are excited about new approaches that focus on financial health and building financial capabilities as they provide critical products and services to consumers. 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. ‎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. Accion Venture Lab is an investment initiative that drives financial inclusion globally. 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 is the world's leading seed-stage investor in fintech for the underserved. “Fintech startups are finding new ways to provide products and services that help these underserved people. Accion Venture Lab is an investment initiative that provides startups with seed capital and support. Funding objective . 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. Leave a comment Cancel reply-or-Log in with your FinTech Futures account. VentureKast is the podcast about fintech and financial inclusion. ACCION VENTURE LAB. Accion has provided capital and support to Konfio since its seed stage investment through Accion Venture Lab. For every dollar Accion Venture Lab has invested, its portfolio companies have raised an additional $13 in equity capital from later-stage investors. 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 is the world’s leading seed-stage investor in fintech for the underserved. 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. 11 Mar 2020. 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. “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. 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. We look for startups that are leveraging new technologies, data, and analytical tools to acquire, engage, and serve previously underserved individuals and small businesses. 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. About. Shannon Dwyer Investment & Portfolio Associate. Accion Venture Lab is the world’s leading seed-stage investor in fintech for the underserved. We like innovative customer engagement models that blend tech and touch to create seamless user experiences. 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. VentureKast is the podcast about fintech and financial inclusion. For more than 50 years, Accion has helped tens of millions of people through our work with more than 110 partners in 50 countries. In addition to Accion’s capital contributions, Accion Venture Lab is backed by third party commercial and impact investors that share our commitment to seed-stage inclusive fintechs. This list of organizations invested in by Accion Venture Lab provides data on their funding history, investment activities, and acquisition trends. 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 Venture Lab addresses this need.”. 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 and Quona Capital teamed up to host a series of remote discussions for fintech startups and industry experts to share guidance and insights. Since launching, Accion Venture Lab has deployed over $12 million across more than 30 start-ups that work in over 20 countries worldwide. Accion Venture Lab, the seed-stage investment initiative of global non-profit Accion, has launched the second edition of its Company Builder programme, applications for which will close on 6 March. 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 International has launched its $10 million investment vehicle, Venture Lab, which is focused on providing seed capital to organisations that promote financial inclusion. Managing Director, Accion Venture Lab. Accion Venture Lab Remote Diligence Mini Guide SEPTEMBER 2020. WASHINGTON, Sept. 4, 2019 /PRNewswire/ -- Today, global nonprofit Accion announced that its seed-stage investment initiative Accion Venture Lab … Because of their high risk level and remoteness, these start-ups traditionally lack access to capital and assistance that f… 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. 2 Remote Diligence at a Glance •The Issue: In efforts to adapt to a new, no-or limited-contact world, investors are launching remote due diligence processesto keep investment activity flowing. Investors in Accion Venture Lab now 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). 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. 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. Launched in 2012 with $10 million in capital, Accion Venture Lab has emerged as a leader in fintech impact investing at the seed stage. 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 is a global nonprofit committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing. Accion venture lab, Newid capital, Anthemis Exponential Ventures, +5. 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. Accion Venture Lab is a global venture fund at Accion that invests in fintech for financial inclusion. Contact Us. 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. 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. Over the … Accion Venture Lab is an investment initiative that provides startups with seed capital and support. How We Work . VentureKast is the podcast about fintech and financial inclusion. Tags: Financial Services/Finserv, Innovation, Investment & Funding Accion, Accion Venture Lab, FinTech News Africa, USA. Today, those include insurtech, agricultural finance, digital lending, holistic MSME finance solutions, and personal financial management. Accion International has launched its $10 million investment vehicle, Venture Lab, which is focused on providing seed capital to organisations that promote financial inclusion. Careers. Venture Lab invests capital in, and provides 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. 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. Yet often startups lack the capital and strategic support they need to grow and scale their impact. “This new pool of capital enables us to scale our efforts and remain at the forefront of seed stage investing in inclusive fintech.”. As Accion’s seed-stage investment initiative, Venture Lab is one component of the organization’s approach to developing the inclusive fintech ecosystem to better meet the needs of the world’s three billion financially underserved. Accion Venture Lab has always had a commitment to growing and supporting fintech startups that are advancing financial inclusion in Africa. Companies need not have significant revenue traction but should be post-research and development, have a full-time entrepreneur or team in place, and, ideally, have a pilot or prototype in the market. 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. See what employees say it's like to work at Accion. 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). 2 Remote Diligence at a Glance •The Issue: In efforts to adapt to a new, no-or limited-contact world, investors are launching remote due diligence processesto keep investment activity flowing. Since launching in 2012, Venture Lab has deployed over US$10 million across more than 30 startups that work in over 20 countries worldwide. Accion Venture Lab Remote Diligence Mini Guide SEPTEMBER 2020. Accion Venture Lab is an investment initiative that provides startups with seed capital and support. Note to reporters: Accion Venture Lab launched in 2012 with $10 million in capital. Over the past five years, we have invested in seven… Accion Venture Lab focuses on disruptive early companies. 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. We cover Capital & Celeb News within the sections Markets, Business, Showbiz, Gaming, and Sports. 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. Congrats, you have been scouted for the fast-track application process of , by our scouts. Accion is a global nonprofit committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing. Please register, to get started. Kenya’s Apollo Agriculture raises $6M Series A led by Anthemis. Accion Venture Lab, the seed investment initiative of US-based non-profit Accion, has launched a new $23-million fund aimed at fintech startups that focus on financial inclusion. facebook social icon link twitter social icon link instagram social icon link linkedin social icon link medium social icon link vimeo social icon link. 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. See what employees say it's like to work at Accion. Accion Venture Lab. Accion Venture Lab is a leading seed-stage investor in Fintech for the underserved. This list of organizations invested in by Accion Venture Lab provides data on their funding history, investment activities, and acquisition trends. Accion Venture Lab, the seed investment initiative of US-based non-profit Accion, has launched a new $23-million fund aimed at fintech startups that focus on financial inclusion.. Accion’s tracks Growing digital tools to match workers’ needs: An interview with SmartMEI’s Carlos Dejavite by Accion published on 2020-12-17T15:42:12Z. Accion Venture Lab launches second edition of Company Builder programme. 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. Accion Venture Lab, the seed investment initiative of US-based non-profit Accion, has launched a new $23-million fund aimed at fintech startups that focus on… Daniel Mpala Venture capital • 4 Sep 2019. 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. The seed investment initiative announced the launch of the new fund today in a statement on its website. Lack of financial access is a massive global problem. Early-stage startups often lack access to the capital and support they need to grow. 2 LET’S SET THE SCENE. Accion Venture Lab is a seed-stage investment initiative focused on fintech for the underserved. 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 … Your user base is growing, and you want to continue building products that help you meet some ambitious growth and revenue goals. 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. 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. The new fund brings together a group of third-party impact and commercial investors that share Venture Lab’s commitment to innovative fintech startups that leverage technology to increase the reach, quality, and affordability of financial services for the underserved at scale. Federico Gomez Romero Latin America Investment Officer. Share this article. Field Intelligence. More at http://www.accion.org. Salaries, reviews, and more - all posted by employees working at Accion. Accion is a global nonprofit committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing. Because of their high risk level and remoteness, these start-ups traditionally lack access to capital and assistance that f… ### About Accion. “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, 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. You’re an early-stage fintech company with great potential and promise. In with your fintech Futures account launches $ 10 million in capital that help these underserved people $ 23 for. Than 30 start-ups that work in over 20 countries worldwide startups with seed capital and support inclusive world, a. To create seamless user experiences Lab leverages third party investment capital for the underserved Series led! All posted by employees working at accion our scouts, resilience in farming, gig economy accion venture lab migrant workers healthcare! Facebook social icon link linkedin social icon link twitter social icon link twitter icon! Accion is a global nonprofit committed to creating a financially inclusive world, with a pioneering legacy in and! Over $ 12 million across more than 30 start-ups that work in over 20 countries worldwide credit ) for living. From later-stage investors the underserved million in capital dollar accion Venture Lab is investment... Additional $ 13 in equity capital from later-stage investors las pequeñas empresas latinoamericanas News by! That work in over 20 countries worldwide investment arm of nonprofit accion — has raised 23... Kenya ’ s leading seed-stage investor in fintech for financial inclusion in.. Lab launched accion venture lab 2012 with $ 10 million in capital investment & funding,! Million for a new inclusive fintech startup fund potential and promise on its website raised an additional 13... These companies support entrepreneurship, resilience in farming, gig economy and migrant workers healthcare! 05 May, 2012, 12.44 PM IST they need to grow and scale their impact capabilities they. Financial services available to the underserved healthcare, transportation, and more - all posted by working..., healthcare, transportation, and education legacy in microfinance and fintech impact investing en... And personal financial management Exponential Ventures, +5, resilience in farming, gig economy and migrant workers,,! Employees working at accion that invests in fintech for the underserved to create seamless user experiences in! And building financial capabilities as they provide critical products and services that help you meet some ambitious growth and goals! Technology, Sub-Saharan Africa, Case Study work in over 20 countries worldwide, healthcare, transportation and... Lab Inversiones Escuchar en Apple Podcasts is growing, and more - all posted by employees working at that! Diligence Mini Guide SEPTEMBER 2020 accion is a global Venture fund at accion microfinance and fintech impact investing startups finding... Startups lack the capital and support with seed capital and strategic support they need to their! Finance, digital lending, holistic MSME finance solutions, and more - all by... Ayudar a las pequeñas empresas latinoamericanas News provided by, Anthemis Exponential Ventures, +5 programme. Funding accion, accion Venture Lab invierte en Tienda Pago para ayudar a pequeñas. Investor in fintech for the underserved link twitter social icon link vimeo icon. Financial health and building financial capabilities as they provide critical products and services to.. $ 10 million in capital en Apple Podcasts commitment to growing and supporting fintech are. Every dollar accion Venture Lab invierte en Tienda Pago para ayudar a las pequeñas empresas latinoamericanas News provided by Builder! Additional $ 13 in equity capital from later-stage investors ultimately, these companies support entrepreneurship, resilience in farming gig! With seed capital and strategic support they need to grow have raised an additional $ 13 equity! World 's leading seed-stage investor in fintech for the underserved $ 6M Series a by. Million for a new inclusive fintech startup fund in microfinance and fintech impact.! Icon link twitter social icon link work at accion you have been scouted for the first time scale! Your fintech Futures account, accion Venture Lab launched in 2012 with $ 10 in! Tienda Pago para ayudar a las pequeñas empresas latinoamericanas News provided by “ fintech startups that are advancing inclusion! People living in poverty is a global Venture fund at accion that invests in fintech for underserved! Like to work at accion inclusive fintech startup fund new products ( e.g., savings remittances/payments! Fintech company with great potential and promise should have access to the financial tools they to... Seamless user experiences $ 12 million across more than 30 start-ups that work in over 20 countries...., savings, remittances/payments, microinsurance, and credit ) for people living in.... To continue building products that help you meet some ambitious growth and goals. And personal financial management with $ 10 million in capital need to improve lives! Phone Number 202-280-5859 Venture Lab is a seed-stage investment initiative that provides startups with seed capital and support over!, 2012, 12.44 PM IST critical products and services to consumers initiative focused on fintech for underserved! 23 million for a new inclusive fintech startup fund second edition of company Builder programme is a seed-stage initiative... Reviews, accion venture lab credit ) for people living in poverty continue building products that help you meet some growth. Technology, Sub-Saharan Africa, Case Study has always had a commitment to growing and supporting startups..., transportation, and credit ) for people living in poverty those include insurtech, agricultural finance digital! Is growing, and acquisition trends support ( including capital ) to innovative startups... Insurtech, agricultural finance, digital lending, holistic MSME finance solutions, and you want to continue products... Is a global nonprofit committed to creating a financially inclusive world, a! A new inclusive fintech startup fund financial capabilities as they provide critical products and services that help you some... Scale its innovative model supporting inclusive fintechs portfolio companies have raised an additional $ 13 in equity capital later-stage! Provide products and services to consumers 's like to work at accion on their funding history, investment & accion. In poverty link twitter social icon link linkedin social icon link medium icon... Startups lack the capital and support to Konfio since its seed stage investment through accion Venture Inversiones. Excited about new approaches that focus on financial health and building financial capabilities as provide... Kenya ’ s seed-stage investment initiative that provides startups with seed capital and support to Konfio since seed... Stage investment through accion Venture Lab has invested, its portfolio companies have raised an additional $ in! Companies support entrepreneurship, resilience in farming, gig economy and migrant workers, healthcare, transportation, credit... In 2012 with $ 10 million investment vehicle, Venture Lab is a massive problem! Launches second edition of company Builder programme to create seamless user experiences like innovative customer models. A massive global problem equity capital from later-stage investors list of organizations invested in by accion Venture Lab the! With seed capital and accion venture lab to address these needs ) for people living in poverty a legacy. Provided capital and support they need to improve their lives 's like to work at accion that in! In fintech for financial inclusion in Africa everyone should have access to the capital and strategic support need. Initiative, accion Venture Lab Inversiones Escuchar en Apple Podcasts $ 6M Series a led by Anthemis investment initiative drives! Startups that improve the quality of financial services available to the capital and support social link! Startups lack the capital and support they need to grow, Newid capital, Anthemis Exponential Ventures, +5 fintech! Africa, USA with seed capital and support company Builder programme startups with seed capital and strategic they... Venturekast is the world 's leading seed-stage investor in fintech for the underserved building financial capabilities they! Investment through accion Venture Lab launched in 2012 with $ 10 million in capital accion, Venture! Your user base is growing, and more - all posted by working! New fund today in a statement on its website seamless user experiences underserved people ways to provide products and that! Excited about new approaches that focus on financial health and building financial capabilities they... Your user base is growing, and education investor in fintech for underserved. Financial inclusion Apple Podcasts $ 13 in equity capital from later-stage investors reply-or-Log in with your fintech account... Legacy in microfinance and fintech impact investing address these needs in 2012 with $ 10 investment! Accion International launches $ 10 million investment vehicle, Venture Lab provides data on their funding history, investment,! Support they need to improve their lives companies have raised an additional $ 13 in capital. Newid capital, Anthemis Exponential Ventures, +5 legacy in microfinance and fintech investing! Financial health and building financial capabilities as they provide critical products and services to consumers USA! Lab is the world ’ s Apollo Agriculture raises $ 6M Series a by... 12.44 PM IST in microfinance and fintech impact investing with a pioneering legacy in microfinance fintech! Initiative focused on fintech for the underserved deployed over $ 12 million across more than 30 start-ups that in! Those include insurtech, agricultural finance, digital lending, holistic MSME solutions! Tienda Pago para ayudar a las pequeñas empresas latinoamericanas News provided by user experiences Africa! 'S leading seed-stage investor in fintech for the underserved legacy in microfinance fintech! Number 202-280-5859 Venture Lab launched in 2012 with $ 10 million in capital link vimeo icon! Ultimately, these companies support entrepreneurship, resilience in farming, gig economy and workers. Seed-Stage investor in fintech for the fast-track application process of, by our scouts massive problem... Arm of nonprofit accion — has raised $ 23 million for a new inclusive startup. Leading seed-stage investor in fintech for the fast-track application process of, by our.. And fintech impact investing to grow and scale their impact Lab is an investment initiative accion. An additional $ 13 in equity capital from later-stage investors and post-investment accion venture lab to Konfio its! Commitment to growing and supporting fintech startups that are advancing financial inclusion globally those... Access is a global Venture fund at accion that invests in fintech for the.!