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Accion Digital Transformation FundTechCrunch
•90% Informative
Accion Digital Transformation Fund is a $152.5 million fund for large financial institutions, including microfinance serving small businesses currently excluded from the world’s financial system.
The fund will provide growth capital and strategic support to these companies for “digital transformation” Accion has been active in the financial services sector for over six decades .
Accion has already made two investments in India , including Annapurna Finance and IKF Finance.
Limited partners in the fund include British International Investment , FMO , IDB Invest , IFC and Mastercard .
Accion's other investment strategies include Accion Emerge , which backs growth-stage companies innovating in embedded finance, agritech, and the future of work.
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