Accion Venture Lab

Accion Venture Lab

Accion Venture Lab invests capital in and provides support to innovative fintech startups that improve access, quality, and affordability of financial services for the underserved at scale.

Early-stage startups often lack access to the capital and support they need to grow. Accion’s seed-stage investment initiative, Accion Venture Lab, provides flexible financial and post-investment support to address these needs. We typically invest U.S. $300,000 to $500,000 in seed-stage startups and can continue to support companies as they grow through follow-on capital that drives scale. Accion Venture Lab is an active and engaged investor, creating value in our portfolio by providing investees with strategic and operational support across a broad range of functional areas.

We are interested in technology and business models that help underserved individuals and small businesses benefit from the world’s formal economy.

We are interested in technology and business models that help underserved individuals and small businesses benefit from the world’s formal economy. We look for startups leveraging new technologies, data, and analytical tools to acquire, engage, and serve consumers. We like innovative customer engagement models that blend tech and touch to create seamless user experiences. We are excited about new approaches that focus on financial health and building financial capabilities as they provide critical products and services to consumers.

In 2017, we launched Accion Venture Lab Company Builder, a program that recruits a diverse pool of talented future entrepreneurs to create innovative fintech startups that will increase access to, improve the quality of, or reduce the cost of financial services for underbanked consumers that we will invest in and support.

 

Accion Venture Lab portfolio

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Eligibility

Are you a financial inclusion startup?

Accion Venture Lab focuses on for-profit enterprises with new products or business models that expand the range of high-quality financial services for people living in poverty. Companies need not have significant revenue traction but should be post-research and development, have a full-time entrepreneur or team in place, and, ideally, have a pilot or prototype in the market. We are focused on opportunities in India and East Africa but will invest globally if the team and idea are right.

We are particularly interested in:

  • Mobile phone–based financial services or business models built on mobile payment platforms;
  • Specialized credit assessment or delivery models (e.g., underwriting/credit scoring approaches, housing, education, small and medium enterprise finance, energy);
  • Online or social media platforms for enabling financial access (e.g., peer-to-peer, social media);
  • Pay-as-you-go, collaborative consumption, and other “embedded” financial service models (e.g., micro-leasing, rent-to-own, modular housing); and
  • New products (e.g., savings, remittances/payments, microinsurance, and credit) for people living in poverty.

 

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