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Accion works closely with our partners at Quona Capital, a venture firm focused on financial technology for inclusion in emerging markets, to catalyze innovations that can radically improve the quality and availability of financial services for the underserved.
Three billion people around the world are underserved by the financial sector, with limited or no access to quality savings, credit, insurance, and payments.
We aim to accelerate solutions in alternative credit, payments, small and medium enterprise (SME) finance, and insurtech, focusing on emerging markets in sub-Saharan Africa, Latin America, and Asia (with a particular emphasis on India and Southeast Asia) that have demonstrated the greatest potential for inclusive fintech.
Accion is the anchor investor, general partner, and sponsor of the Accion Frontier Inclusion Fund, a global fintech fund for the underserved. Managed by Quona Capital, the Fund invests in companies that innovate to expand access to financial services to underserved consumers and businesses in emerging markets.
We sponsored the Fund, which launched in 2017, to support innovators using new technologies to help create a financial system that works for everyone. By focusing on both social impact and financial returns, we believe the Fund shows the importance of harnessing the capital markets to solve society’s most challenging problems.
Quona Capital manages the Fund. The Quona team has decades of experience as investors and entrepreneurs in financial services and technology in both emerging and developed markets and is passionate about making a lasting impact through its investments. Quona leverages Accion’s global presence, technical expertise, institutional relationships, and global recognition to promote and advance the Fund. For more information on Quona, see www.quona.com.
Note: The Accion Frontier Inclusion Fund is not accepting further commitments from investors.
Through the Accion Frontier Investments portfolio, Accion has invested directly into companies at the growth-stage that leverage technology to radically improve the quality and availability of financial services for the underserved. Quona Capital also manages these investments. For more information and updates on the Accion Frontier Inclusion Fund portfolio and the Accion Frontier Investments portfolio, see www.quona.com/portfolio.
