Accion Venture Lab launches $23M inclusive fintech startup fund

Acciona non profit that supports microfinance institutions globally, has announced that its seed-stage investment initiative Accion Venture Lab is adding $33 million to its initial capital pool, with the launch of a new $23 million fund, and an additional, separate $10 million investment from Accion.

The new fund comes from a group of third-party impact and commercial investors, bringing Venture Lab’s total capital under management to $43 million, more than four times the initial amount.

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