accion venture lab

2 LET’S SET THE SCENE. Accion Venture Lab is an investment initiative that drives financial inclusion globally. We cover Capital & Celeb News within the sections Markets, Business, Showbiz, Gaming, and Sports. 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. Vikas Raj Managing Director, Accion Venture Lab . 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 invests capital in and provides support to innovative fintech startups that improve access, quality, and affordability 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. 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. Careers. 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. The seed investment initiative announced the launch of the new fund today in a statement on its website.. Because of their high risk level and remoteness, these start-ups traditionally lack access to capital and assistance that f… We catalyze financial service providers to deliver high-quality, affordable solutions at scale for the three billion people who are left out of — or poorly served by — the financial sector. Accion Venture Lab has always had a commitment to growing and supporting fintech startups that are advancing financial inclusion in Africa. Accion Venture Lab addresses this need.”. Accion is a global nonprofit committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing. WASHINGTON, Sept. 4, 2019 /PRNewswire/ -- Today, global nonprofit Accion announced that its seed-stage investment initiative Accion Venture Lab … ACCION VENTURE LAB. Accion Venture Lab is an investment initiative that drives financial inclusion globally. 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 is a global nonprofit committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing. 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. For every dollar Accion Venture Lab has invested, its portfolio companies have raised an additional $13 in equity capital from later-stage investors. 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. 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. Matthew Schaar Director of Portfolio Engagement . Leave a comment Cancel reply-or-Log in with your FinTech Futures account. Today, those include insurtech, agricultural finance, digital lending, holistic MSME finance solutions, and personal financial management. 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. 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 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 Venture Lab portfolio focuses on an evolving set of key trends within the fintech space that offer the greatest potential to reach underserved communities. Accion Venture Lab is the world’s leading seed-stage investor in fintech for the underserved. Managing Director, Accion Venture Lab. ‎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 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 Remote Diligence Mini Guide SEPTEMBER 2020. 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 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 is an investment initiative that drives financial inclusion globally. Accion Venture Lab is an active and engaged investor, creating value in our portfolio by providing investees with strategic and operational support across a broad range of functional areas. “This new pool of capital enables us to scale our efforts and remain at the forefront of seed stage investing in inclusive fintech.”. “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 Footer Logo Accion is a global nonprofit committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing. 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 a seed-stage investment initiative focused on fintech for the underserved. Accion Venture Lab is the world’s leading seed-stage investor in fintech for the underserved. 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). TechCrunch +1. Please register, to get started. This list of organizations invested in by Accion Venture Lab provides data on their funding history, investment activities, and acquisition trends. Try: Financial Technology, Sub-Saharan Africa, Case Study. 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. Acción Venture Lab invierte en Tienda Pago para ayudar a las pequeñas empresas latinoamericanas News provided by. 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). For more than 50 years, Accion has helped tens of millions of people through our work with more than 110 partners in 50 countries. 2. Its more than 30 portfolio companies use alternative data, business model innovation, blockchain, digital identification, social media, machine learning, and other emerging technologies to provide people and businesses with financial services. 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, 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. About. 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 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 has provided capital and support to Konfio since its seed stage investment through Accion Venture Lab. Salaries, reviews, and more - all posted by employees working at Accion. Accion’s seed-stage investment initiative, Accion Venture Lab, provides financial and post-investment support to address these needs. Accion Venture Lab is a global venture fund at Accion that invests in fintech for financial inclusion. Everyone should have access to the financial tools they need to improve their lives. Accion Jan 05, 2016, 06:00 ET. 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. Salaries, reviews, and more - all posted by employees working at Accion. For the Media. Because of their high risk level and remoteness, these start-ups traditionally lack access to capital and assistance that f… Shannon Dwyer Investment & Portfolio Associate. Early-stage startups often lack access to the capital and support they need to grow. Accion Venture Lab is a leading seed-stage investor in Fintech for the underserved. Accion Venture Lab. Venture Lab provides support (including capital) to innovative fintech startups that improve the quality of financial services available to the underserved. 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. 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. Dollar accion Venture Lab is a global nonprofit committed to creating a financially inclusive world, with pioneering... Growth and revenue goals like innovative customer engagement models that blend tech and touch to seamless... Launches second edition of company Builder programme health and building financial capabilities they! To address these needs Services/Finserv, Innovation, investment activities, and education the seed investment initiative the. Models that blend tech and touch to create seamless user experiences - all posted by employees working at accion invests. 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