Accion closes $61.6 Mn Second Fund; commits 30% to Indian startups

Global impact investor Accion has closed its second early-stage fund, raising $61.6 million, with a pronounced focus on promoting financial inclusion through fintech innovation. 

The fund is under the Accion Venture Lab (now rebranded as Accion Ventures) initiative, aimed at supporting early-stage fintech startups serving underserved populations globally.

Notably, the fund is committed to allocate 30% of its capital to Indian startups. Previous investments made by Accion Venture Lab in India include ventures like Aye Finance (MSME lending), Olyv…