ACCION: Future of Fintech for Financial Inclusion: Seven Trends We’re Watching
Nearly four years ago, when Accion Venture Lab made its first investment, we set out to fill a seed-stage funding gap for innovative financial inclusion startups around the world. Venture Lab was a new initiative of Accion, our parent organization that has worked for 50 years to build a financially inclusive world. We believed then (as we do now) that those startups could play a significant role in leveraging technology to improve the quality of and access to financial services for the underserved. Since then, Venture Lab has invested in 24 startups worldwide. We’ve built a diverse portfolio of companies covering a range of services — including credit, payments, savings, and insurance — that are sold both directly to consumers and small businesses, and to existing financial institutions to increase their reach and efficiency.