Global impact investor Accion has closed its second early-stage fund at $61.6 million, with a strong focus on promoting financial inclusion through fintech innovation. The fund is managed under Accion Ventures (formerly Accion Venture Lab), which backs early-stage fintech startups serving underserved populations worldwide.
A key highlight of the fund is its commitment to allocate 30% of the capital to Indian startups. Accion has already made notable investments in India through its previous fund, including Aye Finance (MSME lending), Olyv (formerly SmartCoin, consumer lending), and TransBnk (fintech infrastructure).
Accion Ventures aims to invest in up to 30 new fintech startups across Africa, South and Southeast Asia, Latin America, and the U.S. Its strategy will focus on embedded finance, alternative data, and digital solutions that expand access to financial services for low-income and underserved communities.
Since its inception in 2012, Accion’s venture arm has deployed over $59 million across 76 companies in more than 30 countries, with several successful exits.
“The fund underscores our dual focus—achieving meaningful social impact while driving strong financial returns. By backing fintech innovators, especially in emerging markets like India, we aim to empower underserved communities with affordable and accessible financial tools,” the firm said in a statement.
By : Arushi Agarwal
