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Accion Ventures closes $61.6m fund to invest in early-stage inclusive fintech Michael Schlein Rahil Rangwala Amee Parbhoo Bas Vlugt Bob Koigi Andrea Ayemoba Pielina Kamau Kanali Nixon Michelle Waweru Patience RUTAYISIRE Read more>>> https://lnkd.in/dAD4kkPz #venturecapital #privateequity

💡 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐈𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧 – 𝐅𝐮𝐧𝐝𝐢𝐧𝐠 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 Here are some recent investments fueling innovation in the financial inclusion space: 🔹 Infinity Fincorp Solutions Private Limited (Series A) Backed by Partners Group - $70M 🔹 InPrime Finserv (Series A) Funded by Pravega Ventures, Z47, InfoEdge Ventures, Kettleborough VC - $6M ✨ These startups are not only scaling financial access but also driving inclusive growth in underserved markets. #FinancialInclusion #VentureCapital #InclusiveFinance #ImpactInvesting

Accion Ventures has closed $61.6m for its second fund, to back 30 early-stage fintech companies expanding financial inclusion worldwide. LPs include FMO - Dutch entrepreneurial development bank, Ford Foundation, MetLife Investment Management, and Mastercard. ➡️ Read more in Venture Capital Journal: https://okt.to/Sj84Ba #VentureCapital #Fintech #VentureCapitalJournal #VCJ

Accion Announces Close of $61.6M Second Accion Venture Lab Fund Investing in Early ...: Managed by Accion Impact Management through its Accion Ventures strategy, the global fund will make up to 30 new fintech investments. #finpeform #fintech

Today, @Accion is announcing the final close of a $61.6M fund that will invest in early-stage fintech companies meeting the needs of financially underserved people globally. The new fund builds on a decade-long investment strategy focused on delivering social and financial objectives through early-stage venture capital investments. The global fund, managed by Accion Impact Management through its newly rebranded Accion Ventures strategy, will make up to 30 new investments in companies at the forefront of the latest trends in fintech across Africa, South and Southeast Asia, Latin America, and the United States. It aims to support the growth of early-stage, disruptive companies providing high-quality, affordable financial services that can help reduce poverty and create opportunity for millions of people globally. Learn more: https://lnkd.in/eWBEA9zQ

BREAKING: Foras Ventures targeting a £20,000,000 (£20 million) Fund 1 We had Dec McLaughlin, Founding Partner at Foras Ventures on VENTURES to break down his team's approach to launching their investment fund. "I think initially around 20 million, and again, this is a long term, right. It might be a year, it might be a couple years or now as the team starts to grow and we get there."  Large enough to make meaningful bets • Small enough to be selective • Right-sized for our current team capabilities • Achievable without compromising investment thesis "That's what we think is achievable, again, with a bit of time enough that we can put some good bets." "I know micro funds being quite favorable in terms of returns and how that looks. So that's something that I've been interested in." You can listen to the full conversation with Dec below 👇 Follow viraj acharya & VENTURES 🚀 for more.

https://lnkd.in/eXUKm--Y 'The firm, which invests alongside small early-stage venture capital funds to save them from dilution, now has a specific Israel allocation.---It is believed that Gitter will manage an allocation of $150 million for investment in growing Israeli technology companies, in a way substantially different from the operation of a standard venture capital fund.---The fund offers small venture capital funds and private investors a sort of package deal: the possibility of raising finance for investment in specific companies in order to preserve their stakes and avoid dilution. In return, in the event of an exit, Alpha will share with the fund what is known as the "carry", generally 25% of the profit after the investors in the fund, the limited partners, have been repaid the amounts they invested. In this way, Alpha enables small investors to participate fully in the exits of the portfolio companies in which they invested at early stages when the companies are acquired or make an IPO.'

Today, Accion is announcing the final close of a $61.6M fund that will invest in early-stage fintech companies meeting the needs of financially underserved people globally. The new fund builds on a decade-long investment strategy focused on delivering social and financial objectives through early-stage venture capital investments. The global fund, managed by Accion Impact Management through its newly rebranded Accion Ventures strategy, will make up to 30 new investments in companies at the forefront of the latest trends in fintech across Africa, South and Southeast Asia, Latin America, and the United States. It aims to support the growth of early-stage, disruptive companies providing high-quality, affordable financial services that can help reduce poverty and create opportunity for millions of people globally. Learn more: https://lnkd.in/eRsd_Muv

Saudi Arabia-based fintech HALA has raised $157 million in a Series B round. The funding round is led by The Rise Fund, TPG’s multi-sector global impact investing strategy, and Sanabil Investments, a wholly owned company by the Public Investment Fund (PIF), with participation from QED Investors, RAED Ventures, Impact46, Middle East Venture Partners (MEVP), Isometry Capital, Arzan Venture Capital, BNVT Capital, Kaltaire Investments, Endeavor Catalyst, Nour Nouf Ventures, Khwarizmi Ventures, and Wamda Capital. Founded in 2018 by Esam Alnahdi and Maher Loubieh, HALA offers SME banking and freelancer solutions, enabling them to start, run, and grow their businesses seamlessly. https://lnkd.in/dtD36xii

Today, Accion is announcing the final close of a $61.6M fund that will invest in early-stage fintech companies meeting the needs of financially underserved people globally. The new fund builds on a decade-long investment strategy focused on delivering social and financial objectives through early-stage venture capital investments. The global fund, managed by Accion Impact Management through its newly rebranded Accion Ventures strategy, will make up to 30 new investments in companies at the forefront of the latest trends in fintech across Africa, South and Southeast Asia, Latin America, and the United States. It aims to support the growth of early-stage, disruptive companies providing high-quality, affordable financial services that can help reduce poverty and create opportunity for millions of people globally. Learn more: https://lnkd.in/ee47jZPb