Accion Venture Lab has created a new $23m inclusive Fintech startup fund for Fintech startups around the world. The new fund will see Accion provide seed-stage funding of about $500,000 to Fintech startups aiding financial inclusion.
These startups will be originally sourced through Accion’s investment leads around the world. It has made its first seed investment in US-based Fintech platform for gig economy workers, Joust.