FMO proposes $25m investment in Accion fund

Dutch development finance institution FMO is proposing an investment of $25 million in the Accion Digital Transformation Fund (ADTx), a global investment fund that will provide growth capital to microfinance institutions in Africa, Asia and Latin America.

The fund is managed by Accion, a pioneer in the microfinance sector with over 50 years of global experience in this field.

ADTx’s goal is to support the digital transformation of established MFIs in emerging markets serving un(der)served customers in order to increase outreach and create social impact through active engagement.

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