ACCION FRONTIER INCLUSION FUND, L.P
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Accion Frontier Inclusion Fund, the first global fintech fund for the underserved. The Fund invests in innovative financial technology and services companies that promote financial inclusion for the two billion people around the world who lack access to savings accounts, checking, insurance, credit, and other basic financial services.
What is our funding objective?
Achieve social impact and financial gains by investing in early and growth-stage companies with disruptive business models, primarily addressing bottlenecks and inefficiencies in the delivery of financial innovation within the following themes: new technology, new channels, new products.
Why do we fund this investment?
We believe that Fintech is the next step in financial inclusion, and through our investment in this fund, we will improve access to finance for the financially underserved.
- Country
- Global
- Sector
- Financial Institutions
- Effective date
- 10/21/2016
- Total FMO financing
- USD 7.00 MLN
- Funding
- MASSIF
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C