Softbank funding helps make Konfio and Andela emerging market impact unicorns

Konfio, an Accion Venture Lab and Accion Frontier Inclusion Fund, managed by Quona Capital, portfolio company, announced that it has raised US $235 million in Series E funding. The round, led by Lightrock, Tarsadia Capital, and QED Investors, which also featured participation from Softbank, brought Konfio’s valuation to US $1.3 billion. In this ImpactAlpha article, Accion Venture Lab and Quona Capital are mentioned as early backers of Konfio.