Accion is a global nonprofit organization founded in 1961 and headquartered in Cambridge, Massachusetts. Its mission is to provide access to financial tools that empower individuals and communities, particularly those who are underserved or inadequately served by traditional financial systems. Accion catalyzes the financial services sector to deliver affordable and high-quality solutions at scale, enabling people and small businesses to thrive. The organization engages with industry leaders and regulators to advocate for financial inclusion and works closely with fintech startups through advisory services and coaching. By offering governance support and facilitating connections with technical experts and the broader financial community, Accion helps innovative companies develop strategies that improve access to and the quality of financial services. Through its initiatives, Accion aims to drive systemic change, fostering a financially inclusive world.
Room 1008, Building 3 Wan Da Plaza No. 93 Jianguo Road Chaoyang District, Beijing, China
Nethra Bhat
Director and Senior Investment Officer
Tahira Dosani
Managing Director
Amee Parbhoo
Director of Investments
Raliat Sunmonu
Vice President and Program Manager, MEA
Past deals in Crowdfunding
Fisdom
Series C in 2022
Fisdom is a prominent digital wealth platform in India that provides a wide array of financial products and services tailored for retail and mass affluent customers. The platform encompasses listed stocks, mutual funds, pension funds, sovereign bonds, insurance, and taxation services, functioning as a comprehensive solution for diverse financial needs. Fisdom has transformed the wealth management landscape through its innovative B2B2C distribution model, collaborating with 15 major banks to reach over 400 million potential customers. Its platform is integrated into the mobile banking applications of partner banks, facilitating a seamless user experience. Furthermore, Fisdom's hybrid distribution approach, which combines digital and assisted services, is supported by access to more than 20,000 bank branches across India. With an active customer base of 1.2 million, primarily from tier 2 and tier 3 cities, Fisdom has garnered recognition in the industry, winning awards such as "Best Fintech Company" and "Best Financial Services Partner" from esteemed organizations. The platform also offers tools for real-time fund tracking, financial planning, and portfolio management, empowering users to make informed investment decisions.
R5
Seed Round in 2022
R5 is a company based in Colombia that simplifies vehicle ownership for its customers. It operates an online platform designed to facilitate financing through the use of assets like cars and motorcycles as collateral. The platform caters primarily to low-income individuals, allowing them to refinance high-interest debt or secure funds for business investments. Additionally, R5 offers a digital solution for purchasing compulsory vehicle insurance at affordable rates, enabling customers to leverage their vehicles to access credit options with lower interest rates. This approach aims to make financial services more accessible and manageable for its users.
Khazna
Series A in 2022
Khazna operates a mobile application platform designed to enhance financial services for Egyptians, particularly targeting the 50% of smartphone users who lack access to formal financial systems. The super app provides a range of services including General Purpose Credit, Buy Now Pay Later (BNPL), bill payments, savings, and insurance. It also facilitates cash advances for employees to address unforeseen emergencies and allows users to transfer and receive funds without incurring transaction fees. By focusing on digitizing cash transactions, Khazna aims to offer convenient, effective, and secure financial solutions, thereby improving financial inclusion in Egypt and potentially beyond.
Capiter
Series A in 2021
Capiter is a B2B e-commerce marketplace based in Cairo, Egypt, that connects small businesses, wholesalers, and vendors on a unified platform. Founded in 2019, the company offers on-demand cash flow solutions, allowing suppliers to convert sales into immediate cash while minimizing collection and credit risks. Merchants can order products directly through the platform and access credit facilities, enhancing their purchasing power. Capiter employs advanced technology and machine learning to optimize the supply chain, ensuring efficient service delivery and accurate data management. This approach facilitates improved financial cycles and supports the growth of small businesses by providing flexible payment options and immediate vendor payments.
Khazna
Seed Round in 2020
Khazna operates a mobile application platform designed to enhance financial services for Egyptians, particularly targeting the 50% of smartphone users who lack access to formal financial systems. The super app provides a range of services including General Purpose Credit, Buy Now Pay Later (BNPL), bill payments, savings, and insurance. It also facilitates cash advances for employees to address unforeseen emergencies and allows users to transfer and receive funds without incurring transaction fees. By focusing on digitizing cash transactions, Khazna aims to offer convenient, effective, and secure financial solutions, thereby improving financial inclusion in Egypt and potentially beyond.
eMoneyPool
Seed Round in 2014
eMoneyPool, Inc. operates a money pool marketplace in the United States, offering an online platform designed for short-term savings and peer lending. Founded in 2012 and headquartered in Phoenix, Arizona, eMoneyPool connects users in a community where they can pool money each month and take turns receiving a lump sum. This system enables individuals to access capital through their social networks while also providing a pathway to traditional lenders by utilizing alternative credit and payment histories. The platform aims to empower users to achieve important financial goals in a secure and efficient manner.
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