Accion Venture Lab launches second edition of Company Builder programme. Today, those include insurtech, agricultural finance, digital lending, holistic MSME finance solutions, and personal financial management. Accion Venture Lab focuses on for-profit enterprises with new products or business models that expand the range of high-quality financial services for people living in poverty. This list of organizations invested in by Accion Venture Lab provides data on their funding history, investment activities, and acquisition trends. 11 Mar 2020. Share this article. Field Intelligence. About. We invest capital in and provide support to innovative fintech start-ups that increase access to, improve the quality of, or reduce the cost of financial services for the underserved at scale. Venture Lab invests capital in, and provides support to, innovative fintech start-ups that increase access to, improve the quality of, or reduce the cost of financial services for the underserved at scale. Accion Venture Lab Remote Diligence Mini Guide SEPTEMBER 2020. WASHINGTON, Sept. 4, 2019 /PRNewswire/ -- Today, global nonprofit Accion announced that its seed-stage investment initiative Accion Venture Lab … Accion Venture Lab is the world's leading seed-stage investor in fintech for the underserved. For more than 50 years, Accion has helped tens of millions of people through our work with more than 110 partners in 50 countries. “This new pool of capital enables us to scale our efforts and remain at the forefront of seed stage investing in inclusive fintech.”. Accion Venture Lab is an investment initiative that provides startups with seed capital and support. Accion VentureKast Venture Lab Inversiones Escuchar en Apple Podcasts. What does embedded inclusive fintech look like? Washington, D.C., September 4, 2019 – Today, global nonprofit Accion announced that its seed-stage investment initiative Accion Venture Lab is adding $33M to its initial capital pool, with the launch of a new $23M fund and an additional, separate $10M investment from Accion. Accion Venture Lab is a seed-stage investment initiative focused on fintech for the underserved. Accion Venture Lab has always had a commitment to growing and supporting fintech startups that are advancing financial inclusion in Africa. Digital platform providing salary on demand to workers in the Philippines, Alternative credit scoring for thin-file customers, Tech-enabled smallholder agriculture financing, Digitizing field forces for microfinance and other institutions, Smartphone card-reader for broader merchant acceptance, Investment platform for SME marketplace lending, Credit building and financial advisory services, Provides high-quality credit to entrepreneurs using alternative data, Alternative credit scoring leveraging innovative data sources, PlatFin for data-driven supply chain management, distribution services and working capital financing for pharmacies, Alternative credit scoring based on mobile phone data, Online technology courses financed via income share agreements (ISAs), Digital payment app with consumer credit line, Business banking for self-employed workers, App-based banking solution providing credit, savings and access to a pre-paid card for the underserved, Merchants mobile money acceptance and cash advance, Refinancing for consumer debt and credit rebuilding, An insurtech company that provides insurance to highly vulnerable, low-income families, Mobile banking tech to provide remittance options to migrant workers, Specialized education lender in Indonesia financing both schools and students, Provides credit and digital business management tools to MSMEs, Agricultural insurance to smallholder farmers in Africa and India, Asset-backed loans and vehicle insurance for underserved consumers in Colombia, Financial literacy videos and behavioral credit scoring, Provides a loan solution to help consumers both build credit and save money, Consumer nano-loans through a smartphone app, Provides secured credit to Brazilian farmers using satellite imagery, Financing for MSMEs leveraging supply chain distribution networks, Specialized loans for affordable private schools. ACCION VENTURE LAB. ### About Accion. Try: Financial Technology, Sub-Saharan Africa, Case Study. Accion Venture Lab provides capital and extensive support to innovative, scalable fintech startups that improve the reach, quality, and affordability of financial services for the underserved. This list of organizations invested in by Accion Venture Lab provides data on their funding history, investment activities, and acquisition trends. You’re an early-stage fintech company with great potential and promise. Ultimately, these companies support entrepreneurship, resilience in farming, gig economy and migrant workers, healthcare, transportation, and education. Federico Gomez Romero Latin America Investment Officer. Accion Venture Lab has always had a commitment to growing and supporting fintech startups that are advancing financial inclusion in Africa. Accion Venture Lab, the seed investment initiative of US-based non-profit Accion, has launched a new $23-million fund aimed at fintech startups that focus on financial inclusion.. Accion Venture Lab is an investment initiative that provides startups with seed capital and support. The Venture Lab portfolio focuses on an evolving set of key trends within the fintech space that offer the greatest potential to reach underserved communities. Accion’s tracks Growing digital tools to match workers’ needs: An interview with SmartMEI’s Carlos Dejavite by Accion published on 2020-12-17T15:42:12Z. ACCION VENTURE LAB. Accion Venture Lab, a unit of US-based nonprofit Accion, recently took an equity stake of undisclosed size in TerraMagna, an agricultural financial technology (fintech) startup in Brazil that partners with retailers of farming inputs on underwriting and funding loans to smallholder farmers. Try: Financial Technology, Sub-Saharan Africa, Case Study, Opening opportunities for job creation in developing countries, Everyone deserves a second chance to build credit and financial security, Forging a path ahead for the fintech community, Fintech startups are small yet mighty partners in building resilience—but they need to grow to succeed. Amee Parbhoo Director of Investments. Contact Us. Accion is a global nonprofit committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing. Launched in 2012 with $10 million in capital, Accion Venture Lab has emerged as a leader in fintech impact investing at the seed stage. For every dollar Accion Venture Lab has invested, its portfolio companies have raised an additional $13 in equity capital from later-stage investors. It will now invest an additional $33M –$10M from Accion and $23M from a coinvestment vehicle with third party funds, bringing Venture Lab’s total capital under management to $43M, more than four times the initial amount. Companies need not have significant revenue traction but should be post-research and development, have a full-time entrepreneur or team in place, and, ideally, have a pilot or prototype in the market. Accion Venture Lab, a unit of US-based nonprofit Accion, recently took an equity stake of undisclosed size in TerraMagna, an agricultural financial technology (fintech) startup in Brazil that partners with retailers of farming inputs on underwriting and funding loans to smallholder farmers. Venture Lab also partners with philanthropic organizations whose support enables it to provide specialized and extensive strategic and operational support to its portfolio companies and to invest at the higher-risk pre-seed stage in pursuit of its mission to reach the underserved. We like innovative customer engagement models that blend tech and touch to create seamless user experiences. Accion Venture Lab focuses on disruptive early companies. Since launching in 2012, Venture Lab has deployed over US$10 million across more than 30 startups that work in over 20 countries worldwide. Accion VentureKast Venture Lab Inversiones Escuchar en Apple Podcasts. Everyone should have access to the financial tools they need to improve their lives. Yet often startups lack the capital and strategic support they need to grow and scale their impact. Mobile phone–based financial services or business models built on mobile payment platforms; Specialized credit assessment or delivery models (e.g., underwriting/credit scoring approaches, housing, education, small and medium enterprise finance, energy); Online or social media platforms for enabling financial access (e.g., peer-to-peer, social media); Pay-as-you-go, collaborative consumption, and other “embedded” financial service models (e.g., micro-leasing, rent-to-own, modular housing); and. Accion Venture Lab (“AVL”) is a fintech venture capital fund, part of Accion International. Accion, a U.S.-based nonprofit that works to improve financial inclusivity globally, has announced that Accion Venture Lab, a seed-stage investment initiative, has secured $33 million in capital in support of fintech startups working to improve the reach, quality, and affordability of financial services for underserved communities.. Accion Venture Lab invests capital in and provides support to innovative fintech startups that improve access, quality, and affordability of financial services for the underserved at scale. Accion Venture Lab is a global venture fund at Accion that invests in fintech for financial inclusion. Accion, a global nonprofit focused on financial inclusion announced last week that its seed-stage investment initiative Accion Venture Lab has closed $33 million in fresh capital; with $23 million of it coming for Accion Venture Lab’s new fund from third-party investors and an additional $10 million investment from Accion itself. Venture Lab invests capital in and provides support to innovative fintech startups that increase access to, improve the quality of, or reduce the cost of financial services for the underserved at scale. --- or ---- Register Login Login × Accion expanded its work to yet another country in April 2015 when it partnered with Myanmar's DAWN, a microfinance institution originally launched in 2002 as a program of Save the Children. In addition to Accion’s capital contributions, Accion Venture Lab is backed by third party commercial and impact investors that share our commitment to seed-stage inclusive fintechs. Accion venture lab, Newid capital, Anthemis Exponential Ventures, +5. Because of their high risk level and remoteness, these start-ups traditionally lack access to capital and assistance that f… VC Funding in healthcare IT nearly doubles to $2.2 billion in 2013 16 Jan, 2014, 05.36 PM IST We are excited about new approaches that focus on financial health and building financial capabilities as they provide critical products and services to consumers. Accion Venture Lab is the world’s leading seed-stage investor in fintech for the underserved. Accion Venture Lab provides capital and extensive support to innovative, scalable fintech startups that improve the reach, quality, and affordability of financial services for the underserved. Accion Venture Lab is an investment initiative that drives financial inclusion globally. 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