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 Philippines

Advance Tech Lending

Seed Round in 2020
Advance Tech Lending Inc. is an online salary loans provider based in Makati City, Philippines, founded in 2018. The company offers a platform designed to enhance employee productivity by providing financial empowerment through easy access to salary loans. This service allows employees to meet their daily financial needs quickly and conveniently, with funds available at the click of a button. Advance Tech Lending does not charge interest on its loans, instead applying a processing fee for immediate fund disbursement. By improving financial accessibility, the company aims to increase employee engagement, reduce turnover and workplace stress, and support organizations in attracting and retaining talent.

Advance Tech Lending

Seed Round in 2020
Advance Tech Lending Inc. is an online salary loans provider based in Makati City, Philippines, founded in 2018. The company offers a platform designed to enhance employee productivity by providing financial empowerment through easy access to salary loans. This service allows employees to meet their daily financial needs quickly and conveniently, with funds available at the click of a button. Advance Tech Lending does not charge interest on its loans, instead applying a processing fee for immediate fund disbursement. By improving financial accessibility, the company aims to increase employee engagement, reduce turnover and workplace stress, and support organizations in attracting and retaining talent.

First Circle

Venture Round in 2017
First Circle is a financial services company based in Taguig, Philippines, focused on providing lending solutions to small and medium enterprises (SMEs) across Southeast Asia. Founded in 2015, it offers a range of services, including consumer lending, mortgages, and asset-based lending, with a particular emphasis on short-term loans and trade financing. The company's innovative online platform allows SMEs to access collateral-free working capital, enhancing their growth potential. First Circle leverages advanced data analytics and offers dedicated support through customer success representatives, fostering a community of business owners and providing valuable resources to help businesses thrive. The company's mission is to empower SMEs by improving their access to funding and enabling them to expand beyond their immediate networks.

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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