With $61.6 million fund, Accion Ventures doubles down on early-stage fintechs
- Accion Ventures closed a $61.6 million fund to invest in early-stage fintechs in developing markets.
- The fund aims to enhance financial access for underserved consumers and businesses.
- Notable investments include PaidHR in Nigeria and Flowcart in Kenya.
Accion Ventures' commitment to investing in early-stage fintechs in underserved markets is commendable, as it not only addresses financial inclusion but also fosters economic growth in these regions. Their hands-on approach and focus on geographic diversification could serve as a model for other investment firms aiming to create social impact alongside financial returns.
