Accion Unveils $152.5M Fund to Drive Digital Transformation for Small Business Growth
- Accion has introduced the US$152.5 million Accion Digital Transformation Fund (ADTx) to support financial institutions in addressing the needs of small businesses excluded from the financial system.
- The fund will provide growth capital and strategic assistance for digital transformation.
- The primary investment targets will be companies supporting micro, small, and medium-sized businesses in Africa, South and Southeast Asia, and Latin America.
The launch of the Accion Digital Transformation Fund is a positive development as it aims to address the financial exclusion of small businesses and provide them with the necessary support for digital transformation. The fund's focus on micro, small, and medium-sized businesses in emerging markets shows a commitment to inclusive growth. The involvement of various international partners further strengthens the initiative's potential impact.
