Accion has announced that its seed-stage investment arm Accion Venture Lab is adding $33M to its initial capital pool, with the launch of a new $23M fund and an additional, separate $10M investment from Accion.
The new fund is targeted at fintech startups that aim to increase the reach, quality, and affordability of financial services for the underserved. In Africa, Accion has invested in Nigeria’s Lidya, an SME e-invoicing and invoice solution.