Accion, the global nonprofit focused on advancing financial inclusion, has launched its second venture fund, Accion Venture Lab Fund II, with a total of $61.6 million in committed capital. Now operating under the name Accion Ventures, the initiative aims to invest in early-stage fintech startups developing solutions for underserved populations across Africa, Asia, Latin America, and the United States. The fund intends to support companies that can help close the global financing gap faced by small businesses and expand access to digital financial services for the 1.6 billion people who remain outside the traditional banking system.
Over the past decade, Accion has built a strong presence in impact investing by backing fintech businesses that combine commercial growth with measurable social outcomes. Since 2012, the organization has invested nearly $60 million in 76 companies across 30 countries, supporting innovations in credit, savings, insurance, and digital payments. Its previous investments have included companies serving farmers, entrepreneurs, and small businesses through technology-driven financial services tailored to low-income and underserved communities.
The new fund has attracted support from several major institutional and impact-focused investors, including development finance institutions, philanthropic foundations, and global corporations. Early investments from the fund are already underway in countries such as Nigeria, Indonesia, Kenya, and the United States, signaling the fund’s commitment to backing diverse financial technology solutions across multiple regions and markets.
Accion Ventures views the persistent lack of financial access as both a major global challenge and a significant opportunity for innovation. According to recent global financial inclusion data, billions of people still remain unbanked or underbanked, while small and medium-sized enterprises continue to face a financing gap estimated at $5.7 trillion annually. The organization believes emerging technologies such as embedded finance, alternative credit data, and conversational commerce can help bring underserved communities into the digital economy and provide more affordable financial products.
The fund’s broader mission is not limited to providing investment capital. Accion Ventures also offers operational and strategic support to portfolio companies through its Portfolio Engagement team, which assists startups with governance, market expertise, and access to valuable networks. By combining global experience with strong regional presence, the organization aims to help fintech founders scale their solutions more effectively and sustainably.
Through this initiative, Accion is reinforcing its long-term commitment to building a more inclusive global financial system. Throughout its history, the organization has worked with hundreds of financial service providers across dozens of countries, helping expand access to financial tools for nearly half a billion people. With the launch of this latest fund, Accion Ventures is emphasizing the importance of supporting entrepreneurs whose innovations can create economic opportunity for small businesses, women entrepreneurs, farmers, and underserved populations around the world.
