Accion raises $61.6 million fund, 30 percent set aside for India

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Accion, a Washington, D.C.-based global impact investor, has announced the close of its second fund, Accion Ventures Fund II LP, with commitments totalling $61.6 million.

The fund will invest in early-stage fintech startups across global markets, focusing on solutions that expand financial inclusion for underserved communities.

This initiative marks Accion’s continued effort to support innovative businesses leveraging technology to bridge financial gaps.

credits: accion

India to receive 30 per cent of the total allocation, boosting digital financial inclusion.

A key highlight of the fund is its strong commitment to India, with 30 per cent of the capital or around $18.5 million earmarked for Indian fintech startups. This reflects Accion’s confidence in India’s growing digital finance ecosystem and its potential to drive scalable, inclusive solutions. By supporting local startups, the fund aims to accelerate innovations in payments, lending, insurance and financial literacy tailored to the needs of low-income and underserved populations.

Fund supported by FMO, Proparco, Ford Foundation, MetLife and Mastercard

The fund is backed by a diverse set of global investors, including development finance institutions, philanthropic organisations and corporate partners. Notable limited partners include FMO Proparco, the Ford Foundation, MetLife Asset Management, and Mastercard Worldwide. Under its new brand identity, Accion Ventures, formerly Accion Venture Lab, the fund will explore cutting-edge opportunities such as embedded finance AI AI-driven services, and satellite-enabled technologies to deliver both financial returns and lasting impact.

 

credits: wikipedia

[Credits for header image: Accion ventures

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