Accion

Accion is a global nonprofit organization founded in 1961 and headquartered in Cambridge, Massachusetts, dedicated to promoting financial inclusion. The organization works to provide underserved individuals and small businesses with access to essential financial tools that can enhance their lives and foster community growth. Accion engages with financial service providers to deliver affordable, high-quality solutions at scale, challenging industry norms and advocating for regulatory changes to support financial accessibility. Through its Venture Lab initiative, Accion invests in innovative fintech startups that utilize technology and new business models to improve the quality and reduce the cost of financial services for those traditionally excluded from the formal economy. The organization offers both financial investments and strategic support, including governance and operational assistance, to help these startups grow and succeed. Accion's commitment to enhancing financial health and capabilities aims to create a more inclusive financial landscape globally.

Njord Andrewes

Managing Partner, Accion Digital Transformation Fund

Paarul Dudeja

Investment Director - Asia

Sebastian Molina Gasman

Investor

Ashley Lewis

Director, Africa - Accion Venture Lab

Paolo Limcaoco

Principal, Accion Venture Lab

Amee Parbhoo

Managing Partner, Accion Venture Lab

Vikas Raj

Managing Director, Accion Venture Lab

Michael Schlein

President and CEO

Raliat Sunmonu

Vice President and Program Manager, MEA

Past deals in Leveraged Buyout

Lidya

Series B in 2021
Lidya is a financial services platform based in Lagos, Nigeria, founded in 2016. The company focuses on improving access to credit and financial resources for small and medium enterprises in emerging markets. Lidya enables businesses to open online accounts quickly, manage their funds, and access necessary credit to facilitate growth. Utilizing mobile-first technology and proprietary credit scoring algorithms, the platform offers tools and dashboards that help businesses monitor their cash flow and receivables. This approach allows users to build their credit profiles, which can lead to higher credit limits and more affordable financing options. Lidya aims to empower businesses with the financial tools they need to succeed and plan for the future.

Lulalend

Series A in 2019
LulaLend is more than a company. It’s a belief in the power of small business, making a difference, building a better solution and striving for excellence. We work hard to empower businesses across South Africa with the funds they need to grow, and we have a great time doing it!

Lend Street Financial

Series A in 2018
Lend Street Financial, Inc. specializes in consumer lending solutions aimed at individuals facing financial difficulties. The company assists clients in refinancing existing debt and offers negotiation services with creditors to secure discounts on their debts. This enables customers to reduce their overall financial burden while working towards rebuilding their credit. Founded in 2010 and headquartered in Oakland, California, Lend Street serves various states, including Arizona, California, Florida, and Texas, among others. By establishing partnerships within the financial sector, the company is able to provide valuable support to those seeking to regain control of their financial lives.

Lidya

Series A in 2018
Lidya is a financial services platform based in Lagos, Nigeria, founded in 2016. The company focuses on improving access to credit and financial resources for small and medium enterprises in emerging markets. Lidya enables businesses to open online accounts quickly, manage their funds, and access necessary credit to facilitate growth. Utilizing mobile-first technology and proprietary credit scoring algorithms, the platform offers tools and dashboards that help businesses monitor their cash flow and receivables. This approach allows users to build their credit profiles, which can lead to higher credit limits and more affordable financing options. Lidya aims to empower businesses with the financial tools they need to succeed and plan for the future.

Lidya

Seed Round in 2017
Lidya is a financial services platform based in Lagos, Nigeria, founded in 2016. The company focuses on improving access to credit and financial resources for small and medium enterprises in emerging markets. Lidya enables businesses to open online accounts quickly, manage their funds, and access necessary credit to facilitate growth. Utilizing mobile-first technology and proprietary credit scoring algorithms, the platform offers tools and dashboards that help businesses monitor their cash flow and receivables. This approach allows users to build their credit profiles, which can lead to higher credit limits and more affordable financing options. Lidya aims to empower businesses with the financial tools they need to succeed and plan for the future.

Lidya

Seed Round in 2017
Lidya is a financial services platform based in Lagos, Nigeria, founded in 2016. The company focuses on improving access to credit and financial resources for small and medium enterprises in emerging markets. Lidya enables businesses to open online accounts quickly, manage their funds, and access necessary credit to facilitate growth. Utilizing mobile-first technology and proprietary credit scoring algorithms, the platform offers tools and dashboards that help businesses monitor their cash flow and receivables. This approach allows users to build their credit profiles, which can lead to higher credit limits and more affordable financing options. Lidya aims to empower businesses with the financial tools they need to succeed and plan for the future.

Lulalend

Seed Round in 2016
LulaLend is more than a company. It’s a belief in the power of small business, making a difference, building a better solution and striving for excellence. We work hard to empower businesses across South Africa with the funds they need to grow, and we have a great time doing it!

Lend Street Financial

Seed Round in 2015
Lend Street Financial, Inc. specializes in consumer lending solutions aimed at individuals facing financial difficulties. The company assists clients in refinancing existing debt and offers negotiation services with creditors to secure discounts on their debts. This enables customers to reduce their overall financial burden while working towards rebuilding their credit. Founded in 2010 and headquartered in Oakland, California, Lend Street serves various states, including Arizona, California, Florida, and Texas, among others. By establishing partnerships within the financial sector, the company is able to provide valuable support to those seeking to regain control of their financial lives.
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