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 .