Accion

Accion is a global nonprofit organization founded in 1961 and headquartered in Cambridge, Massachusetts, dedicated to promoting financial inclusion. The organization works to provide underserved individuals and small businesses with access to essential financial tools that can enhance their lives and foster community growth. Accion engages with financial service providers to deliver affordable, high-quality solutions at scale, challenging industry norms and advocating for regulatory changes to support financial accessibility. Through its Venture Lab initiative, Accion invests in innovative fintech startups that utilize technology and new business models to improve the quality and reduce the cost of financial services for those traditionally excluded from the formal economy. The organization offers both financial investments and strategic support, including governance and operational assistance, to help these startups grow and succeed. Accion's commitment to enhancing financial health and capabilities aims to create a more inclusive financial landscape globally.

Njord Andrewes

Managing Partner, Accion Digital Transformation Fund

Paarul Dudeja

Investment Director - Asia

Sebastian Molina Gasman

Investor

Ashley Lewis

Director, Africa - Accion Venture Lab

Paolo Limcaoco

Principal, Accion Venture Lab

Amee Parbhoo

Managing Partner, Accion Venture Lab

Vikas Raj

Managing Director, Accion Venture Lab

Michael Schlein

President and CEO

Raliat Sunmonu

Vice President and Program Manager, MEA

Past deals in Mexico

CIVICO

Series A in 2019
CÍVICO is a digital company that maps cities and citizens by crowdsourcing location data to drive transactions between consumers, merchants and brands. CÍVICO is currently up and running in México City, Bogotá and Santiago with more than 4 million monthly active users using our apps and web, 1,000,000 crowdsourced places in its database and 50,000 crowdsourcer´s mapping their cities. From the consumer perspective, we are solving their daily needs in their city by aggregating all their city in a single app. CÍVICO is a multipurpose app where we are building and mapping the most relevant digital information system which includes local places, news, public transport, bicycles, events, movies, deliveries, and much more. From the business perspective, we are understanding real time consumer behavior by mapping daily life in the city and we connect those consumers with key markets in a city. Currently we are focused on 4 key players in a city: merchants/smb´s, banks, brands and government.

Comunidad 4Uno

Seed Round in 2016
Comunidad 4Uno (C4Uno) is an online platform that distributes tailored and market-based financial products to low income and financially excluded domestic workers. The company aims to be the largest and most reliable financial product distribution channel for the low income population in Mexico by 2020.

Billpocket

Seed Round in 2015
Billpocket is a financial technology company that transforms smartphones and tablets into point-of-sale terminals, facilitating card payments without the need for traditional banking infrastructures. Users can accept debit and credit card payments directly through their mobile devices, simplifying the payment process and eliminating high maintenance fees and complex setups associated with conventional systems. Billpocket's platform also offers the option for customers to convert payments into interest-free monthly installments, while the company charges a fixed commission to sellers. This innovative approach enables a seamless transaction experience for both businesses and consumers.

Volabit

Venture Round in 2015
Volabit is a developer of a cryptocurrency trading platform. Volabit allows cash-based online payments through its mobile wallet as well as faster and cheaper international transfers. Volabit is financially empowering people through the use of Bitcoin.

Konfio

Convertible Note in 2014
Konfio is a financial technology company based in Mexico City that focuses on providing online financial solutions for micro entrepreneurs and small to mid-size enterprises. Founded in 2013, Konfio offers a range of products including fixed-rate loans, working capital loans, corporate credit cards, and online payment solutions. The company utilizes a proprietary algorithm that combines data and technology to assess creditworthiness, enabling it to extend credit to clients who have been historically underserved by traditional banks. Additionally, Konfio provides business productivity software tools and a loyalty program, all designed to enhance the growth and productivity of its clients. Through its innovative approach, Konfio aims to facilitate economic growth by making financial services more accessible and affordable.

Quippi

Venture Round in 2014
Quippi Corporation is an international shopping card company based in La Jolla, California, that offers a fee-free alternative to traditional money transfer services. Established in 2012, it specializes in international gift cards purchased in the United States and redeemable in Mexico at leading retailers. Quippi’s unique model allows customers to buy a gift card online or in-store and send a PIN code to recipients in Mexico, enabling them to shop immediately without any fees or hidden charges. The gift cards can be used at seven retail partners in Mexico, covering a range of products such as groceries, clothing, appliances, and health services. Quippi aims to expand its network of retail partners in Mexico and plans to extend its services throughout Latin America and beyond. As of October 2015, it operates as a subsidiary of EMIDA Technologies, Inc.

Quippi

Seed Round in 2013
Quippi Corporation is an international shopping card company based in La Jolla, California, that offers a fee-free alternative to traditional money transfer services. Established in 2012, it specializes in international gift cards purchased in the United States and redeemable in Mexico at leading retailers. Quippi’s unique model allows customers to buy a gift card online or in-store and send a PIN code to recipients in Mexico, enabling them to shop immediately without any fees or hidden charges. The gift cards can be used at seven retail partners in Mexico, covering a range of products such as groceries, clothing, appliances, and health services. Quippi aims to expand its network of retail partners in Mexico and plans to extend its services throughout Latin America and beyond. As of October 2015, it operates as a subsidiary of EMIDA Technologies, Inc.

Clip

Seed Round in 2013
Clip is transforming card acceptance in Mexico by providing portable card-reading hardware and a digital payment platform that enables businesses to accept all credit and debit cards, including contactless payments. The company's solutions allow businesses to turn smartphones or tablets into card terminals, facilitating seamless transactions without the need for complicated paperwork or monthly fees. By focusing on empowering Mexican businesses, Clip helps them increase sales and grow by offering a user-friendly application that simplifies payment acceptance. This approach positions Clip as a vital ally for merchants seeking efficient and accessible payment solutions.

Salud Fácil

Seed Round in 2013
Salud Fácil is a financial services provider focused on making healthcare accessible to low-income individuals. The company offers financing solutions for a range of medical procedures, including dental treatments, eye surgeries, and childbirth services, specifically targeting patients at the base of the economic pyramid. With out-of-pocket healthcare expenses representing a significant portion of total costs in the market, and a limited percentage of the population able to afford private insurance, Salud Fácil aims to bridge this gap by providing low-interest loans. This approach enables disadvantaged individuals to access essential healthcare services that they might otherwise be unable to afford.

Clip

Seed Round in 2013
Clip is transforming card acceptance in Mexico by providing portable card-reading hardware and a digital payment platform that enables businesses to accept all credit and debit cards, including contactless payments. The company's solutions allow businesses to turn smartphones or tablets into card terminals, facilitating seamless transactions without the need for complicated paperwork or monthly fees. By focusing on empowering Mexican businesses, Clip helps them increase sales and grow by offering a user-friendly application that simplifies payment acceptance. This approach positions Clip as a vital ally for merchants seeking efficient and accessible payment solutions.

Tiaxa

Series F in 2012
TIAXA provides innovative financial services to people across the globe, with a particular focus on financial inclusion through mobile technology. Each day, Tiaxa provides more than 2 million Nano-Credits through users'​ mobile Operators in 14 countries including Argentina, Bangladesh, Cambodia, China, Colombia, Ecuador, Mexico, Peru, and the Philippines. Tiaxa also provides the mobile telecommunications market with infrastructure, clearinghouse and revenue enhancement services, improving the efficiency with which the current prepaid user base is managed, and increasing revenues for Operators around the world, including China Telecom, Telefónica Movistar, America Móvil and Smart Communications.
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