Accion’s new $152.5M fund will back financial institutions serving small businesses globally
- Accion has launched the Accion Digital Transformation Fund, a $152.5 million fund for large financial institutions to support their digital transformation.
- The fund will focus on companies serving micro, small, and medium enterprises across South and Southeast Asia, Latin America, and Africa.
- Accion aims to bridge the digital inclusion gap in underserved markets and help traditional financial institutions engage with customers digitally.
The launch of the Accion Digital Transformation Fund is a significant step towards bridging the digital inclusion gap in underserved markets. By providing growth capital and strategic support to financial institutions, Accion is enabling them to embrace digital transformation and engage with customers more effectively. This initiative has the potential to drive financial inclusion and empower micro, small, and medium enterprises in developing regions.
