1960s

Accion's Early Days

Accion was founded in 1961 by a UC Berkeley law student. We began with hands-on work in Latin America; the first group of 30 Americans worked in urban centers around Venezuela.

1970s

Microlending

By the early 1970s, Accion’s leaders were beginning to focus on the lack of economic opportunity in Latin American cities and began issuing small loans.

1980s-90s

Expansion

Over the next decade, Accion helped start microfinance programs in 14 countries in Latin America with a loan repayment rate of 97 percent.

2000s

Expanding Globally

Throughout the 2000s, Accion extended operations into India, Sub-Saharan Africa, and established the Center for Financial Inclusion (CFI).

2010s

New Initiatives & Programs

Accion launched its seed-stage investment initiative Accion Venture Lab and participated in the launch of the Accion Frontier Inclusion Fund.

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Latest news

Press Release • May 18, 2022
R5, a Colombian fintech startup offering financial solutions around vehicles, raises $7 million in its latest financing round
Press Release • May 02, 2022
Accion appoints Rahil Rangwala as Managing Partner of Accion Venture Lab
News • Apr 17, 2022
What’s Next in fintech, part II: Fundraising
Press Release • Apr 13, 2022
Accion to Join 60 Decibels’ Inaugural Financial Inclusion Index
News • Apr 13, 2022
Fintech for small businesses will be key to tackling the world’s growing inequality
Press Release • Apr 12, 2022
TS Anil Named to Accion Board of Directors
News • Apr 10, 2022
What’s Next for fintech? Agriculture, healthcare + a raft of industry-specific regulations and legislation
Press Release • Apr 04, 2022
Accion Names Maria Hermida as General Counsel
News • Mar 31, 2022
Egyptian financial super app Khazna raises $38M from Quona Capital and Lendable
Press Release • Mar 31, 2022
Egyptian financial super app Khazna raises $38 million Series A
Press Release • Mar 15, 2022
Global nonprofit Accion recognized by ImpactAssets 50 2022 for investments that foster innovation, impact
News • Feb 25, 2022
Four African startups join tenth Catalyst Fund Inclusive Fintech cohort
Press Release • Jan 18, 2022
MyRobin.ID, workforce-as-a-service marketplace, announces close of pre-series A led by Accion Venture Lab & SOSV
Press Release • Jan 12, 2022
Agriculture Fintech TerraMagna Harvests $40M to Provide Credit to Brazil’s Farmers
Press Release • Jan 05, 2022
Annapurna Finance raises USD 35 million from Accion, Encourage Capital, and Oikocredit

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Accion Financials and Annual Reports

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