Accion announced the launch of the Accion Digital Transformation Fund, a $152.5 million fund targeting large financial institutions, including microfinance serving small businesses excluded from the financial system.
In 2019, Accion ventured into early-stage fintech investments with the Accion Venture Lab, backing over 65 startups across Latin America, Southeast Asia, and Africa, including Konfio and Lulalend.
Startups backed by Accion leverage technology not only to expand product accessibility for underserved populations but also to enhance customer engagement, outpacing traditional financial institutions.
Accion aims to address the lack of digital inclusion in rural areas and among individuals neglected by traditional financial institutions through its Digital Transformation Fund.
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