Accion Venture Lab

Accion Venture Lab

is a venture capital firm that invests in financial technology startups.

Accion Venture Lab is an seed stage investment initiative started by non-profit, Accion. It provides capital investments and ongoing strategy consulting for financial technology startups. The company invests in fintech businesses that utilize technology to bring financial services to financially underserved populations in Latin America, Asia, and Africa. Accion Venture Lab announced a new $23M fund in September 2019. This new fund included initial capital contributions from the Ford Foundation, Visa, Inc. and Proparco .

Timeline

Funded Companies

Company
Description
Industry
Website
Location
Lidya

The Nigeria-based Lidya uses a tech-based credit algorithm to loan to small businesses without credit histories.

Microcredit
Nigeria
Konfio

Konfio is a Mexico City-based online financial services platform offering small and medium businesses find access to working capital credit and loans.

Personal finance
Mexico City
CreditMantri

CreditMantri is a Chennai-based data-driven platform developer providing credit and financial reports to users based on their credit history and helping users understand the status of their credit health and credit profile.

Microcredit
Chennai
Tez Financial Services

A venture capital firm in Pakistan that focuses on providing financial security.

Karachi
DemystData

DemystData is a company that provides data integration technology for financial services.

Software
New York City
Self Lender

Self Lender is a credit builder that aims to help users build credit and save money.

Financial services
Austin, Texas
Joust (payment company)

Joust is an Austin, Texas-based company.

Insurance
Austin, Texas
FlexFinance

FlexFinance is a Grevenmacher-based company.

Software
Grevenmacher
SmartMEI

SmartMEI is a Brazil-based company.

Mobile application
Brazil
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