Accion, established in 1961, is a global non-profit organization headquartered in Cambridge, Massachusetts. Its mission is to provide access to financial tools and services for underserved individuals, small businesses, and communities, enabling them to grow and thrive. Accion achieves this by catalyzing financial service providers to deliver affordable, high-quality solutions at scale. The organization supports these providers through advisory services, targeted coaching, and startup support, as well as providing high-caliber governance through board oversight. Additionally, Accion invests in and supports innovative fintech startups that drive financial inclusion through its Venture Lab initiative. This involves providing flexible financial and non-financial support, including investment capital and strategic operational assistance, to seed-stage startups leveraging technology and new business models to improve access to, and the quality of, financial services for the underserved.
Room 1008, Building 3 Wan Da Plaza No. 93 Jianguo Road Chaoyang District, Beijing, China
Njord Andrewes
Managing Partner, Accion Digital Transformation Fund
Nethra Bhat
Director and Senior Investment Officer
Tahira Dosani
Managing Director
Paarul Dudeja
Investment Director - Asia
John Fischer
Chief Investment Officer
Sebastian Gasman
Principal, Latin America
Paolo Limcaoco
Principal, Accion Venture Lab
Amee Parbhoo
Director of Investments
Michael Schlein
CEO and President
Raliat Sunmonu
Vice President and Program Manager, MEA
Adelina Dasso
Partner, Latam
Past deals in Retail Lending
Banco Contactar
Venture Round in 2024
Banco Contactar is a microfinance institution specializing in providing financial services to rural areas. It offers credit services, savings accounts, microinsurance, financial education, and debt insurance to support small businesses and individuals, particularly in underserved communities. The company also focuses on managing and mitigating social, environmental, and climate change risks.
IKF Finance
Private Equity Round in 2023
IKF Finance Limited is a non-banking financial company based in Hyderabad, India, established in 1991. It specializes in providing finance for commercial vehicles and construction equipment, as well as other types of loans. The company offers vehicle loans for both new and used commercial vehicles, working capital loans for transport operators, and asset/collateral management services. IKF Finance Limited was previously known as IKF Finance & Investments Limited before changing its name in October 1998.
Fisdom
Series C in 2022
Fisdom is a prominent digital wealth platform in India that provides a diverse array of financial products and services tailored for retail and mass affluent customers. The company offers a comprehensive suite of options, including stocks, mutual funds, pension funds, sovereign bonds, insurance, and tax services, positioning itself as a one-stop solution for financial needs. Fisdom has transformed the wealthtech landscape by implementing a B2B2C distribution model through strategic partnerships with leading banks, granting it access to a vast customer base exceeding 400 million. The platform integrates seamlessly into the mobile banking applications of partner banks, enhancing user experience through a hybrid model that combines digital and assisted service options. With an active customer base of 1.2 million, a significant portion of which is from tier 2 and tier 3 cities, Fisdom has established itself as a key player in the financial services sector. The company's achievements have been recognized through various awards, underscoring its impact and innovation in the industry.
Prayaan Capital
Seed Round in 2020
Prayaan Capital, established in 2018 and headquartered in Chennai, India, is a financial technology company specializing in lending services for micro, small, and medium enterprises (MSMEs). It offers a range of financial products, including secured and unsecured loans, machinery loans, and loans for small businesses, traders, and manufacturing units. Additionally, Prayaan Capital provides mobile-based solutions, insurance services, advisory support for business growth and government schemes, and tools for enhancing business operations.
BASIX Sub-K iTransactions
Series B in 2018
BASIX Sub-K iTransactions Limited is a Hyderabad-based company that provides a mobile technology-driven transactional platform aimed at enhancing access to financial services for residents in rural, urban, and semi-urban areas. Established in 2010 as a subsidiary of Bhartiya Samruddhi Investments and Consulting Services, the company focuses on serving the unbanked population by offering a range of services including banking, government payments, utility payments, and money transfers through a network of local convenience outlets. The name "Sub-K," which translates to "for everyone" in Hindi, reflects the company's mission to create accessible financial touchpoints within close proximity to communities. By training local entrepreneurs as Business Correspondent agents, BASIX Sub-K operates a self-sustaining ecosystem that connects consumers to banking solutions, enabling cash deposits, withdrawals, remittances, and more. Additionally, the company supports micro-entrepreneurs through various financial products, including microcredit and insurance, while also facilitating government services such as Aadhaar and PAN card assistance, thereby promoting financial inclusion.
BASIX Sub-K iTransactions
Venture Round in 2018
BASIX Sub-K iTransactions Limited is a Hyderabad-based company that provides a mobile technology-driven transactional platform aimed at enhancing access to financial services for residents in rural, urban, and semi-urban areas. Established in 2010 as a subsidiary of Bhartiya Samruddhi Investments and Consulting Services, the company focuses on serving the unbanked population by offering a range of services including banking, government payments, utility payments, and money transfers through a network of local convenience outlets. The name "Sub-K," which translates to "for everyone" in Hindi, reflects the company's mission to create accessible financial touchpoints within close proximity to communities. By training local entrepreneurs as Business Correspondent agents, BASIX Sub-K operates a self-sustaining ecosystem that connects consumers to banking solutions, enabling cash deposits, withdrawals, remittances, and more. Additionally, the company supports micro-entrepreneurs through various financial products, including microcredit and insurance, while also facilitating government services such as Aadhaar and PAN card assistance, thereby promoting financial inclusion.
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.
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