Proparco backs Accion fund with $5m investment
Accion Venture Lab Fund II to make up to 30 new fintech investments.
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Proparco has committed $5 million to the Accion Venture Lab Fund II, a vehicle that backs start-ups advancing financial inclusion across Asia, Latin America and Africa.
The fund is managed by Accion Impact Management under the Accion Ventures strategy and is expected to make up to 30 new investments in fintech companies. It builds on more than a decade of Accion’s early-stage venture capital activity, which seeks to deliver both social and financial returns.
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