Accion Ventures raises $61.6 mn, eyes India fintech

Accion Ventures raises $61.6 mn, eyes India fintech

Accion Ventures has closed a $61.6 million fund to back early-stage fintech startups across emerging markets, with about 30% earmarked for India. Backed by FMO, Proparco, Ford Foundation, MetLife, and Mastercard, the fund will focus on financial inclusion, supporting small businesses and underserved consumers through innovative solutions in Africa, India, Southeast Asia, Latin America, and the US.

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