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. Accion Venture Lab is a global venture fund at Accion that invests in fintech for financial inclusion. 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. VentureKast is the podcast about fintech and financial inclusion. Accion Venture Lab (“AVL”) is a fintech venture capital fund, part of Accion International. Since launching, Accion Venture Lab has deployed over $12 million across more than 30 start-ups that work in over 20 countries worldwide. Because of their high risk level and remoteness, these start-ups traditionally lack access to capital and assistance that f… 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. 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. 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. Funding objective . New products (e.g., savings, remittances/payments, microinsurance, and credit) for people living in poverty. Tools and Insights. Accion Venture Lab is a leading seed-stage investor in Fintech for the underserved. ### About Accion. 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). “Fintech startups are finding new ways to provide products and services that help these underserved people. Leave a comment Cancel reply-or-Log in with your FinTech Futures account. Accion is a global nonprofit committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing. 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. Accion is a global nonprofit committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing. Congrats, you have been scouted for the fast-track application process of , by our scouts. 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. Salaries, reviews, and more - all posted by employees working at 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. Accion Venture Lab is an investment initiative that provides startups with seed capital and support. 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. Note to reporters: Accion Venture Lab launched in 2012 with $10 million in capital. Accion venture lab, Newid capital, Anthemis Exponential Ventures, +5. 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. Kenya’s Apollo Agriculture raises $6M Series A led by Anthemis. Accion Venture Lab is an investment initiative that provides startups with seed capital and support. 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. 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. Everyone should have access to the financial tools they need to improve their lives. 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. 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 is the world’s leading seed-stage investor in fintech for the underserved. 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.. Venture Lab leverages third party investment capital for the first time to scale its innovative model supporting inclusive fintechs. VentureKast is the podcast about fintech and financial inclusion. Please register, to get started. For the Media. 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). Accion Venture Lab focuses on disruptive early companies. 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. “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. Vikas Raj Managing Director, Accion Venture Lab . Accion Venture Lab is an investment initiative that provides startups with seed capital and support. 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. We cover Capital & Celeb News within the sections Markets, Business, Showbiz, Gaming, and Sports. ACCION VENTURE LAB. About. 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. 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. Accion Venture Lab. 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 is a global venture fund at Accion that invests in fintech for financial inclusion. Over the … Venture Lab provides support (including capital) to innovative fintech startups that improve the quality of financial services available to the underserved. TechCrunch +1. 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’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 — the seed-stage investment arm of nonprofit Accion — has raised $23 million for a new inclusive fintech startup fund. Acción Venture Lab invierte en Tienda Pago para ayudar a las pequeñas empresas latinoamericanas News provided by. Contact Email info@accion.org Phone Number 202-280-5859 Venture Lab is an investment initiative that drives financial inclusion globally. Read our latest stories including opinions here. 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 Remote Diligence Mini Guide SEPTEMBER 2020. 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. 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. Accion Venture Lab has always had a commitment to growing and supporting fintech startups that are advancing financial inclusion in Africa. Accion International launches $10 million investment vehicle, Venture Lab 05 May, 2012, 12.44 PM IST. Managing Director, Accion Venture Lab. Launched in 2012 with $10 million in capital, Accion Venture Lab has emerged as a leader in fintech impact investing at the seed stage. The seed investment initiative announced the launch of the new fund today in a statement on its website.. Over the past five years, we have invested in seven… See what employees say it's like to work at 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. ‎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. You’re an early-stage fintech company with great potential and promise. Accion’s seed-stage investment initiative, Accion Venture Lab, provides financial and post-investment support to address these needs. 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. 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. 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. 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. Yet often startups lack the capital and strategic support they need to grow and scale their impact. Accion is a global nonprofit committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing. Ashley Lewis Senior Investment Officer, Africa. 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. VC Funding in healthcare IT nearly doubles to $2.2 billion in 2013 16 Jan, 2014, 05.36 PM IST Accion Venture Lab. 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. “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. Accion Venture Lab is the world's leading seed-stage investor in fintech for the underserved. Accion Venture Lab. What does embedded inclusive fintech look like? Paolo Limcaoco Southeast Asia Investment Officer . Accion Venture Lab has always had a commitment to growing and supporting fintech startups that are advancing financial inclusion in Africa. Lack of financial access is a massive global problem. Today, those include insurtech, agricultural finance, digital lending, holistic MSME finance solutions, and personal financial management. 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, 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 is an investment initiative that provides startups with seed capital and support. facebook social icon link twitter social icon link instagram social icon link linkedin social icon link medium social icon link vimeo social icon link 2 LET’S SET THE SCENE. Federico Gomez Romero Latin America Investment Officer. 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. Since launching in 2012, Venture Lab has deployed over US$10 million across more than 30 startups that work in over 20 countries worldwide. See what employees say it's like to work at Accion. Accion VentureKast Venture Lab Inversiones Escuchar en Apple Podcasts. 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. Contact Us. This list of organizations invested in by Accion Venture Lab provides data on their funding history, investment activities, and acquisition trends. Ultimately, these companies support entrepreneurship, resilience in farming, gig economy and migrant workers, healthcare, transportation, and education. Amee Parbhoo Director of Investments. Early-stage startups often lack access to the capital and support they need to grow. 11 Mar 2020. --- or ---- Register Login Login × Accion Jan 05, 2016, 06:00 ET. 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. 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