Accion

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.

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 Lending

Banco Contactar

Venture Round in 2024
Banco Contactar provides a wide range of financial products and services aimed at promoting economic growth and development. The company focuses on offering microcredit solutions to support small businesses, particularly in rural areas. Banco Contactar also provides tools for managing and mitigating social, environmental, and climate change risks. The company is committed to helping customers achieve their financial goals through various channels and contact methods.

Finfra

Seed Round in 2024
Finfra is an infrastructure provider that specializes in enabling non-financial platforms to integrate lending capabilities smoothly. By offering a comprehensive financial and lending infrastructure platform, Finfra supports technology companies in embedding financial services into their operations. This integration facilitates a seamless transition from application to decision-making and operational processes, allowing these companies to transform into fintech businesses. Through its services, Finfra helps unlock new revenue streams for its clients, enhancing their operational capabilities and financial offerings.

First Circle

Series B in 2024
First Circle, founded in 2015 and based in Taguig, Philippines, specializes in providing financing solutions for small and medium enterprises (SMEs) across Southeast Asia. The company offers a range of services, including consumer lending, mortgages, and asset-based lending, with a focus on short-term loans that are collateral-free. First Circle aims to support business owners in their growth endeavors by leveraging advanced technology, data analytics, and a user-friendly online platform. Additionally, the company provides dedicated customer support and resources to foster a community of business owners, ultimately enhancing opportunities for SMEs to thrive.

Flexiloans

Series C in 2024
FlexiLoans is a Mumbai-based lending platform that provides small and medium-sized enterprises (SMEs) with quick and flexible access to funding. Established in 2016, the platform addresses the challenge faced by many SMEs, as over 80% of loan applications are rejected by traditional financial institutions due to insufficient credit history or collateral. By leveraging data analytics and technology, FlexiLoans offers a unique online marketplace that facilitates customized loans and financing options tailored to the specific needs of businesses. The platform connects loan seekers with investors, enabling SMEs to secure funds for various purposes, including business expansion and seasonal inventory. FlexiLoans aims to revolutionize the lending landscape in India by utilizing alternative scoring methods, thereby tapping into the significant demand from underserved SMEs.

Moffin

Seed Round in 2024
Moffin is an integration platform that connects various Know Your Customer (KYC) data providers, allowing businesses to efficiently collect and assess customer information. The platform offers both API access and a no-code solution, making it accessible for companies with varying technical capabilities. By streamlining the aggregation of credit data, Moffin enables organizations to digitize and expedite their authorization, consultation, and evaluation processes, ultimately saving time and improving operational efficiency.

Advance Tech Lending

Venture Round in 2022
Advance Tech Lending is an online salary loans provider. They help employees cover their daily financial needs with a click of a button. They don’t charge interest, just a processing fee to get funds to you immediately.

Fairbanc

Seed Round in 2022
Fairbanc is an online payments platform based in San Francisco, California, that caters to small and medium enterprises (SMEs) in emerging markets. The company offers a scalable, AI-powered solution that provides instant digital credit lines without requiring collateral or a credit history. By analyzing digital footprints such as transaction histories with large suppliers and relevant mobile data, Fairbanc enables SMEs to purchase inventory from selected suppliers. This innovative approach helps retail shop owners increase sales, streamline payment processes, and develop credit histories, while suppliers benefit from more consistent order cycles and faster payments. Fairbanc's gender-intelligent ecosystem is designed to address the limitations of cash transactions across various vertical markets.

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.

Annapurna Finance

Private Equity Round in 2021
Annapurna Finance is a microfinance institution focused on the financial and economic upliftment of underserved women and economically backward clients. The organization aims to expand microfinance operations in areas lacking access to formal financial systems, providing vital livelihood support to impoverished households. Annapurna Finance offers a range of need-based financial services, including micro-loans for clean water, sanitation, home improvement, support for widowed families, and small businesses. Additionally, the company provides customized insurance plans to ensure that customers receive tailored financial assistance aligned with their life cycle needs. By bringing these clients into the financial mainstream, Annapurna Finance facilitates economic empowerment and entrepreneurial skill development.

Kuunda

Seed Round in 2021
Kuunda provides liquidity management and data insight tools enabling users to fulfill financial needs through a digital platform. Kuunda's liquidity solutions are tools that anyone can use to maintain their standard of living, grow their businesses, and build economic resilience. Kuunda assists clients in increasing network productivity and expanding the usage and distribution of their products, resulting in real, measurable results.

Lidya

Series B in 2021
Lidya is a financial services platform based in Lagos, Nigeria, focused on improving access to credit and finance for small and medium enterprises. Founded in 2016, Lidya enables businesses to open accounts online, manage funds, and access credit within 15 minutes using mobile-first technology and proprietary credit scoring algorithms. The platform offers a range of banking services, including invoice financing and working capital, designed to help business owners build credit profiles and secure affordable financing. Additionally, it provides tools and dashboards for managing receivables and cash flow, allowing businesses to enhance their credit scores and unlock higher credit limits.

Fairbanc

Seed Round in 2021
Fairbanc is an online payments platform based in San Francisco, California, that caters to small and medium enterprises (SMEs) in emerging markets. The company offers a scalable, AI-powered solution that provides instant digital credit lines without requiring collateral or a credit history. By analyzing digital footprints such as transaction histories with large suppliers and relevant mobile data, Fairbanc enables SMEs to purchase inventory from selected suppliers. This innovative approach helps retail shop owners increase sales, streamline payment processes, and develop credit histories, while suppliers benefit from more consistent order cycles and faster payments. Fairbanc's gender-intelligent ecosystem is designed to address the limitations of cash transactions across various vertical markets.

TerraMagna

Seed Round in 2020
TerraMagna is a digital lender based in Brazil, specializing in the agricultural sector of Latin America. The company offers a range of financial products tailored to meet the specific needs of farmers and agricultural businesses. These products include personal loans, CFB lending, embedded buy now pay later (BNPL) options for agricultural inputs, and crop-collateralized financing, all accessible through a user-friendly web interface. By addressing the unique challenges and opportunities within agriculture, TerraMagna aims to enhance the resilience of the agricultural value chain and promote sustainable food security.

Advance Tech Lending

Seed Round in 2020
Advance Tech Lending is an online salary loans provider. They help employees cover their daily financial needs with a click of a button. They don’t charge interest, just a processing fee to get funds to you immediately.

BASIX Sub-K iTransactions

Series B in 2018
Sub-K means "for everyone" in Hindi language and below "one thousand" in English , indicating touch points within 1,000 meters distance, offering transactions of less than 1,000 rupees , providing access to less than 1,000 households at a cost of 1,000 paisa. Basix Sub-K iTransactions Ltd., is a subsidiary company under BASIX Social Enterprise Group, started in 2010 with a vision to provide technology enabled transactional platform to the unbanked population. Sub-K operates, manages, and controls inclusive transactions on end-to-end basis through recruiting, training and equipping local entrepreneurs as Business Correspondent agents who serve as human ATMs at the last mile of connectivity between the Bank and the end consumer, through mobile/kiosk based technology. Sub-K creates a self-propagating eco-system for profitability and sustainability of the BC sub-agent, Bank, and Sub-K, ultimately serving the customers with real time banking and non-banking solutions. Sub-K is a service company that offers affordable, accessible and scalable digital payment solutions to the BoP segment in rural and urban areas and seeks to bridge the digital divide and create a “financially included society”. Any customer with a bank account can walk into these BC outlets and avail banking services - cash deposit, cash withdrawal, remittance, fund transfer, balance enquiry, mini statement, loan repayment etc. Basix Sub-K facilitates business of micro-entrepreneurs through microcredit, insurance, pensions, farm loans, personal loans, vehicle loans. Government payments to citizens, Aadhaar card, PAN card services are also facilitated at some of these outlets. Non-banking services are also offered for enhancing the income of the BC agent and offer convenience to customers.

Tez Financial Services

Seed Round in 2018
Tez Financial Services Limited is a digital non-banking microfinance company based in Karachi, Pakistan, incorporated in 2018. It offers a smartphone application that aggregates various financial services, targeting the unbanked and under-banked population. The platform provides products such as Tez Advance, which offers nano credit services, Tez Bima for insurance distribution, and Tez Sarmaya for medium-to-long term investments. By leveraging algorithms and artificial intelligence, the application analyzes users' digital footprints and consumption patterns to enhance financial access and support short-term liquidity needs while also offering security through health and term life insurance.

Lend Street Financial

Series A in 2018
LendStreet mission is simple help people get out of debt, rebuild their credit, and get a fresh start. They have partnerships within the financial sector which allow them to negotiate discounts on debts, which means they can pass on the discount to our customers and they in turn can get out of debt sooner, rebuild their credit and get on with their lives.

Lidya

Series A in 2018
Lidya is a financial services platform based in Lagos, Nigeria, focused on improving access to credit and finance for small and medium enterprises. Founded in 2016, Lidya enables businesses to open accounts online, manage funds, and access credit within 15 minutes using mobile-first technology and proprietary credit scoring algorithms. The platform offers a range of banking services, including invoice financing and working capital, designed to help business owners build credit profiles and secure affordable financing. Additionally, it provides tools and dashboards for managing receivables and cash flow, allowing businesses to enhance their credit scores and unlock higher credit limits.

BASIX Sub-K iTransactions

Venture Round in 2018
Sub-K means "for everyone" in Hindi language and below "one thousand" in English , indicating touch points within 1,000 meters distance, offering transactions of less than 1,000 rupees , providing access to less than 1,000 households at a cost of 1,000 paisa. Basix Sub-K iTransactions Ltd., is a subsidiary company under BASIX Social Enterprise Group, started in 2010 with a vision to provide technology enabled transactional platform to the unbanked population. Sub-K operates, manages, and controls inclusive transactions on end-to-end basis through recruiting, training and equipping local entrepreneurs as Business Correspondent agents who serve as human ATMs at the last mile of connectivity between the Bank and the end consumer, through mobile/kiosk based technology. Sub-K creates a self-propagating eco-system for profitability and sustainability of the BC sub-agent, Bank, and Sub-K, ultimately serving the customers with real time banking and non-banking solutions. Sub-K is a service company that offers affordable, accessible and scalable digital payment solutions to the BoP segment in rural and urban areas and seeks to bridge the digital divide and create a “financially included society”. Any customer with a bank account can walk into these BC outlets and avail banking services - cash deposit, cash withdrawal, remittance, fund transfer, balance enquiry, mini statement, loan repayment etc. Basix Sub-K facilitates business of micro-entrepreneurs through microcredit, insurance, pensions, farm loans, personal loans, vehicle loans. Government payments to citizens, Aadhaar card, PAN card services are also facilitated at some of these outlets. Non-banking services are also offered for enhancing the income of the BC agent and offer convenience to customers.

First Circle

Venture Round in 2017
First Circle, founded in 2015 and based in Taguig, Philippines, specializes in providing financing solutions for small and medium enterprises (SMEs) across Southeast Asia. The company offers a range of services, including consumer lending, mortgages, and asset-based lending, with a focus on short-term loans that are collateral-free. First Circle aims to support business owners in their growth endeavors by leveraging advanced technology, data analytics, and a user-friendly online platform. Additionally, the company provides dedicated customer support and resources to foster a community of business owners, ultimately enhancing opportunities for SMEs to thrive.

Lidya

Seed Round in 2017
Lidya is a financial services platform based in Lagos, Nigeria, focused on improving access to credit and finance for small and medium enterprises. Founded in 2016, Lidya enables businesses to open accounts online, manage funds, and access credit within 15 minutes using mobile-first technology and proprietary credit scoring algorithms. The platform offers a range of banking services, including invoice financing and working capital, designed to help business owners build credit profiles and secure affordable financing. Additionally, it provides tools and dashboards for managing receivables and cash flow, allowing businesses to enhance their credit scores and unlock higher credit limits.

Aye Finance

Series B in 2016
Aye Finance is a financial services company that focuses on providing business loans to micro and small enterprises. The company aims to enhance financial inclusion by offering customer-centric financial solutions through the use of technology and efficient processes. Its range of services includes various loan and debt financing options designed to support the growth of small businesses. These financial offerings enable micro and small enterprises to acquire essential fixed and working assets, undertake renovations or construction of business facilities, and consolidate existing debts. Through its commitment to serving the needs of micro-enterprises, Aye Finance plays a pivotal role in fostering the development of this vital sector.

Aye Finance

Series A in 2015
Aye Finance is a financial services company that focuses on providing business loans to micro and small enterprises. The company aims to enhance financial inclusion by offering customer-centric financial solutions through the use of technology and efficient processes. Its range of services includes various loan and debt financing options designed to support the growth of small businesses. These financial offerings enable micro and small enterprises to acquire essential fixed and working assets, undertake renovations or construction of business facilities, and consolidate existing debts. Through its commitment to serving the needs of micro-enterprises, Aye Finance plays a pivotal role in fostering the development of this vital sector.

Lend Street Financial

Seed Round in 2015
LendStreet mission is simple help people get out of debt, rebuild their credit, and get a fresh start. They have partnerships within the financial sector which allow them to negotiate discounts on debts, which means they can pass on the discount to our customers and they in turn can get out of debt sooner, rebuild their credit and get on with their lives.

Aye Finance

Seed Round in 2015
Aye Finance is a financial services company that focuses on providing business loans to micro and small enterprises. The company aims to enhance financial inclusion by offering customer-centric financial solutions through the use of technology and efficient processes. Its range of services includes various loan and debt financing options designed to support the growth of small businesses. These financial offerings enable micro and small enterprises to acquire essential fixed and working assets, undertake renovations or construction of business facilities, and consolidate existing debts. Through its commitment to serving the needs of micro-enterprises, Aye Finance plays a pivotal role in fostering the development of this vital sector.

First Access

Venture Round in 2015
First Access is a financial technology company that offers a smart data platform for emerging market financial institutions. Micro and SME lenders have a clear path to a digital future. With an intuitive user experience for digitizing paper-based operations, institutions can collect rich data, monitor trends, and then automate processes while gaining more trust in the data. First Access has leveraged its credit scoring experience to allow incremental change without disrupting day-to-day operations. Financial institutions can grow more sophisticated with data, incorporating machine learning insights as it goes. The company's mission is to turn data into financial opportunity by helping lenders around the world digitize and automate access to credit with powerful, user-friendly technology. First Access was founded in 2011 and is headquartered in New York.

Shubham Housing Development Finance Company

Series C in 2014
Shubham Housing Development Finance Company Private Limited, established in 2010 and headquartered in Gurugram, India, specializes in providing housing finance solutions to families with informal incomes. The company aims to assist customers who may not qualify for loans from traditional lending institutions by offering home loans, home improvement loans, and loans against property. Shubham stands out for its innovative operating model, which prioritizes an interview-based approach over conventional document-based underwriting, allowing for a better understanding of each customer's income and expense flows. This focus on urban low-income and informal income families reflects Shubham's commitment to facilitating home ownership through accessible and formal credit options.

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.

Salud Facil

Seed Round in 2013
Salud Fácil provides financing for patients at the base of the economic pyramid to gain access to healthcare and medical services at low interest rates. Salud Fácil finances all types of medical procedures addressing the need for quality and affordable care in a market where out-of-pocket healthcare costs represent 52% of total healthcare costs (highest in OEDC) and only 5% of the population can afford private insurance.

Tiaxa

Series F in 2012
Tiaxa is a provider of innovative financial services focused on enhancing financial inclusion through mobile technology. The company offers more than 2 million Nano-Credits daily across 14 countries, including Argentina, Bangladesh, and the Philippines. These Nano-Credits allow prepaid mobile subscribers to access small loans, either as airtime for mobile services or cash through mobile money, facilitating phone calls, SMS messages, and data transactions when users run out of credit. Additionally, Tiaxa supports mobile telecommunications operators by providing infrastructure and revenue enhancement services, improving the management of prepaid user bases and increasing revenues for major operators worldwide.

Saija Finance

Series B in 2012
Saija Finance Private Limited is a non-banking finance company and microfinance institution based in Patna, Bihar. It focuses on providing microfinance services to urban and rural poor, along with micro and small businesses in underserved areas of Northern and Eastern India. Operating in some of the poorest regions of the country, Saija Finance serves approximately 26,037 clients across five districts in Bihar through seven branches. The company aims to empower its clients by offering credit for life-enhancing and eco-friendly products, such as water purifiers and solar lamps, thereby enabling entrepreneurs to grow their businesses and improve their living conditions.

Zoona

Series A in 2012
Zoona is a mobile technology company focused on providing financial services to underserved communities across Africa. Founded in 2009, it has established a robust distribution network that facilitates money transfers, electronic voucher payments, savings, credit, and bill payments primarily for unbanked customers. With operations in Zambia, Malawi, and Mozambique, Zoona leverages cutting-edge technology and a network of agents to ensure safe and reliable access to financial services. The company has processed over $2 billion in transactions and has received recognition from organizations such as The Nike Foundation and The Unreasonable Group for its impactful contributions to empowering young entrepreneurs and helping to alleviate poverty, particularly among girls.
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