Cashinvoice, one of Accion Venture Lab's portfolio companies, was recently featured in The Digital Banker . In the interview, Shrinivas Kasar, co-founder of Cashinvoice, shared insights into how the company transforms supply chain finance for small Indian businesses by addressing working capital challenges through embedded finance solutions. 📌 Read the full interview here: https://lnkd.in/dZwQshKz #India #EmbeddedFinance
Accion Venture Lab
Venture Capital and Private Equity Principals
Washington, DC 5,478 followers
Accion Venture Lab, part of nonprofit Accion, is a leading global early-stage investor in inclusive fintech startups.
About us
Accion Venture Lab is a leading early-stage investor in inclusive fintech, providing seed-first capital and strategic support to innovative startups that are meeting the financial needs of underserved people globally. Our global portfolio and local approach enable us to spot and respond to global trends faster, sharing learnings across geographies. Accion Venture Lab is an investment strategy of Accion and is managed by Accion Impact Management. We help innovative entrepreneurs grow and scale responsible fintech solutions for underserved individuals and small businesses globally. Accion Venture Lab has invested in more than 65 early-stage startups that operate in over 30 countries worldwide with a record of social impact and financial returns.
- Website
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https://www.accion.org/how-we-work/investment-strategies/accion-impact-management/accion-venture-lab/
External link for Accion Venture Lab
- Industry
- Venture Capital and Private Equity Principals
- Company size
- 11-50 employees
- Headquarters
- Washington, DC
Updates
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We were pleased to co-organize the networking event at the start of the Philippines Startup Week, which brought together the diverse participants within the Philippines startup, corporate, non-profit, and VC communities. It was a productive gathering supported and organzied by Aspire, Accion Venture Lab, Monk's Hill Ventures, QBO Innovation, and YPC by the European Chamber of Commerce of the Philippines. The energy and dedication within the ecosystem are evident, and we’re interested in seeing how these connections evolve as we move forward. Thank you to everyone who joined us! Paolo Limcaoco, Bea Ramos, Manuel Enrique Igual, Trish Reposo, Samantha Lee
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If you're at #SOCAP24 today, we hope to see you at the Impact Innovators Happy Hour! Accion Venture Lab is co-hosting this annual convening with ResilienceVC, Blue Haven Initiative, Mercy Corps Ventures, Open Road, and UpMetrics on Tuesday, the 29th, at 5:00 PM. Our team members -- Matt Schaar, Katie Hallaran, and Semra Ezedin, will be on-site to welcome you for an evening of connecting with impact innovators and sharing ideas through meaningful conversations! ✨
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We're proud to welcome Finfra, an Indonesia-based lending infrastructure provider, to our portfolio! Finfra is advancing financial inclusion in Southeast Asia’s largest economy with a full-stack solution to enable platforms to develop, launch, and scale their financial products and services. #EmbeddedFinance and #EmbeddedLending have always been a core thesis for Accion Venture Lab, and we are excited about how Finfra can unlock this for the platforms and millions of SMEs in the country. Finfra recently raised a $2.5 million funding round from Cento Ventures, Accion Venture Lab, ZVC, and existing investors. The company also announced a major partnership with Tyme to help them expand their work in Indonesia. Congratulations on these milestones, Markus Prommik, Reinis Simanovskis, and the entire Finfra team. We're excited to be on this journey with you! Rahil Rangwala, Paolo Limcaoco Read more: https://lnkd.in/dFcVZvJ4
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Here’s a quick look back at an insightful discussion at fintech_devcon*, where our Operating Partner, Matt Schaar and Santiago Aceves, CEO of Moffin, explored the critical issue of financial exclusion. It affects over 2 billion individuals and has created a $5 trillion credit gap for small businesses. *fintech_devcon is a conference for fintech developers and builders designed to unlock knowledge and bring about the next decade of financial innovation. To listen to the full conversation, check out the recording here: https://lnkd.in/dPQyKJmH
fintech_devcon 2024 | Delivering accessible and inclusive fintech w/ Matt Schaar & Santiago Aceves
https://www.youtube.com/
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Access to financial services isn't the ultimate goal — it's a means to an end. Thanks to Financial Times's Moral Money newsletter and Simon Mundy for highlighting three of our portfolio companies on the innovative ways they've extended credit to enable growth and resilience among small businesses in Mexico, Kenya, Zambia, and Indonesia. Hugo Garduño Ortega of Verqor, Benjamin Njenga of Apollo Agriculture, Fajar Adiwidodo of bababos Check the article here: https://lnkd.in/duJNsBWE
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Amazing news from SUKHIBA as they expand in South Africa through a partnership with Peach Payments. Sukhiba's conversational commerce platform enables MSMEs to access a range of relevant payment and commerce solutions, all via the convenience of WhatsApp. Congratulations, Ananth Gudipati, and the entire Sukhiba team!
Digital payments service provider Peach Payments has integrated with Kenya's conversational commerce and CRM platform SUKHIBA to offer South African merchants a new sales channel and facilitate WhatsApp-based sales. Sukhiba, founded in 2021, is a platform built on top of WhatsApp and used by over 35,000 SMEs across Africa and the Middle East. Through this partnership, Peach Payments' merchants in South Africa can utilize Sukhiba's technology to add their product catalogs to WhatsApp, enabling customers to complete purchases, make payments, and schedule deliveries seamlessly. The partnership is expected to be particularly beneficial for merchants with existing WhatsApp channels, providing a unified solution for sales, marketing, payments, deliveries, customer service, loyalty programs, and remarketing. With WhatsApp's 94% penetration among South African internet users, this integration addresses the growing consumer preference for WhatsApp-based interactions Rahul Jain CEO and founder of Peach Payments, highlights that Sukhiba's technology enables merchants to add product catalogs to WhatsApp, facilitating everything from purchases to payments and delivery scheduling. This integration leverages Peach Payments' platform on WhatsApp, offering customers flexibility in payment methods, including card, EFT, and buy-now-pay-later options #DigitalPayments #WhatsAppCommerce #SouthAfricanTech #FinTech #EcommerceInnovation
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Our Sebastian Molina Gasman, CFA, Principal in Latam, will speak at #FinclusionWeek 2024! Join us and the global inclusive finance community for the 10th anniversary of the leading industry event for sharing insights on #financialinclusion. Registration is open, and there is free access for all at https://lnkd.in/eHE2kdCT (a virtual convening). #FIW24 is convened by the Center for Financial Inclusion (CFI)
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This year's Fintech for Inclusion Global Summit 2024, supported by Mastercard Center for Inclusive Growth and FMO - Dutch entrepreneurial development bank, brought together over 270 founders, investors, and practitioners in inclusive fintech who are making an impactful change globally. A distinct feature of this edition of the Summit was the breakout workshops. The workshops engaged the attendees, the experts, and the founders in spirited discussions around the four key themes - Fintech in Commerce, Fintech in SaaS, Fintech Infrastructure, and AI in Fintech. The fireside chats and a panel discussion were recorded and will soon be released on Accion's YouTube channel. For now, we'd like to offer you to feel the vibe of the event in our recap video from #FIGS2024:
Fintech for Inclusion Global Summit 2024
https://www.youtube.com/
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We're excited to share that Pratiti Dasgupta has joined our team as an Operations Analyst! In her role, Pratiti will provide fund operations, fundraising, and business development support and manage relationships between internal and external stakeholders. Before joining us, Pratiti worked as a Research Analyst with National Investment and Infrastructure Fund Limited (NIIFL), India's sovereign-anchored alternative asset manager, in the investor relations and Macro Research vertical. She also has experience as an operator at various venture-backed high-growth startups. Welcome, Pratiti! It's great to have you join us!