Accion

Accion is a global nonprofit organization headquartered in Washington D.C., dedicated to building a financially inclusive world. For over 60 years, Accion has worked to provide underserved individuals and small businesses with access to the financial tools and services they need to improve their lives. Its approach combines strategic investments, advisory services, and thought leadership to foster innovation and scale solutions within the financial inclusion sector. The organization operates through various initiatives, including its pioneering microfinance work and, more recently, its venture capital arm, Accion Venture Lab.

Accion's primary investment vehicle for early-stage companies is Accion Venture Lab. Launched in 2012, Venture Lab is a leading seed-stage investor in fintech for financial inclusion, backing innovative startups that leverage technology to deliver financial services to the underserved. The fund seeks out companies developing solutions in areas such as digital credit, payments, insurance, savings, and financial management tools. Venture Lab provides not only capital but also strategic support, leveraging Accion's deep expertise and global network in financial services.

Accion Venture Lab typically makes initial investments ranging from $300,000 to $1,000,000, with the potential for follow-on funding as companies grow and demonstrate impact. As of late 2023, Accion Venture Lab had invested over $50 million across more than 60 companies in over 30 countries, demonstrating its significant global reach and commitment. These investments have successfully mobilized over $600 million in follow-on capital from other investors, highlighting Venture Lab's role as a catalytic investor that de-risks and validates promising fintech models for broader market adoption. Their portfolio companies collectively serve millions of low-income individuals and small businesses worldwide, reinforcing Accion's mission to drive financial access and economic opportunity.