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accion venture lab

WASHINGTON, Sept. 4, 2019 /PRNewswire/ -- Today, global nonprofit Accion announced that its seed-stage investment initiative Accion Venture Lab … Amee Parbhoo Director of Investments. Venture Lab provides support (including capital) to innovative fintech startups that improve the quality of financial services available to the underserved. Leave a comment Cancel reply-or-Log in with your FinTech Futures account. How We Work . Accion Venture Lab addresses this need.”. TechCrunch +1. Accion Venture Lab is an investment initiative that provides startups with seed capital and support. Accion International has launched its $10 million investment vehicle, Venture Lab, which is focused on providing seed capital to organisations that promote financial inclusion. “This new pool of capital enables us to scale our efforts and remain at the forefront of seed stage investing in inclusive fintech.”. Lack of financial access is a massive global problem. 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.. Tools and Insights. 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. 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. Since launching, Accion Venture Lab has deployed over $12 million across more than 30 start-ups that work in over 20 countries worldwide. Everyone should have access to the financial tools they need to improve their lives. More at http://www.accion.org. Ultimately, these companies support entrepreneurship, resilience in farming, gig economy and migrant workers, healthcare, transportation, and education. Kenya’s Apollo Agriculture raises $6M Series A led by Anthemis. We cover Capital & Celeb News within the sections Markets, Business, Showbiz, Gaming, and Sports. 2 LET’S SET THE SCENE. 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. “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. “Fintech startups are finding new ways to provide products and services that help these underserved people. Accion VentureKast Venture Lab Inversiones Escuchar en Apple Podcasts. 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. Because of their high risk level and remoteness, these start-ups traditionally lack access to capital and assistance that f… 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). Contact Us. Share this article. VC Funding in healthcare IT nearly doubles to $2.2 billion in 2013 16 Jan, 2014, 05.36 PM IST We are excited about new approaches that focus on financial health and building financial capabilities as they provide critical products and services to consumers. 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.. ### About Accion. 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. Try: Financial Technology, Sub-Saharan Africa, Case Study. 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. You’re an early-stage fintech company with great potential and promise. Read our latest stories including opinions here. 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 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. Note to reporters: Accion Venture Lab launched in 2012 with $10 million in capital. 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 is a global nonprofit committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing. Field Intelligence. 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. Over the … facebook social icon link twitter social icon link instagram social icon link linkedin social icon link medium social icon link vimeo social icon link. 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. Funding objective . 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. ‎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 the world's leading seed-stage investor in fintech for the underserved. Accion VentureKast Venture Lab Inversiones Escuchar en Apple Podcasts. 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. “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 launches second edition of Company Builder programme. 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. Early-stage startups often lack access to the capital and support they need to grow. 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. 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, 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). 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. 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. Contact Email [email protected] Phone Number 202-280-5859 Venture Lab is an investment initiative that drives financial inclusion globally. See what employees say it's like to work at Accion. You’re an early-stage fintech company with great potential and promise. Accion Venture Lab is a 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. Ashley Lewis Senior Investment Officer, Africa. 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 Venture Lab. For more than 50 years, Accion has helped tens of millions of people through our work with more than 110 partners in 50 countries. 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. What does embedded inclusive fintech look like? Everyone should have access to the financial tools they need to improve their lives. 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, 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 is the world’s leading seed-stage investor in fintech for the underserved. Shannon Dwyer Investment & Portfolio Associate. We like innovative customer engagement models that blend tech and touch to create seamless user experiences. This list of organizations invested in by Accion Venture Lab provides data on their funding history, investment activities, and acquisition trends. Accion Venture Lab is a seed-stage investment initiative focused on fintech for the underserved. 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 Remote Diligence Mini Guide SEPTEMBER 2020. --- or ---- Register Login Login × Accion Jan 05, 2016, 06:00 ET. 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. 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. Venture Lab leverages third party investment capital for the first time to scale its innovative model supporting inclusive fintechs. 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. 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. Paolo Limcaoco Southeast Asia Investment Officer . Accion is a global nonprofit committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing. 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. facebook social icon link twitter social icon link instagram social icon link linkedin social icon link medium social icon link vimeo social icon link Managing Director, Accion Venture Lab. Matthew Schaar Director of Portfolio Engagement . 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