ACCION QUONA INCLUSION FUND LP.
Who is our client
Accion Quona Inclusion Fund (“AQIF”, “The Fund”) is the second fund managed by Quona Capital, a fintech venture capital fund manager spun out of Accion International. Since 2008, Quona has been providing early and growth stage capital to innovative financial technology related businesses serving micro and SME clients in low-income markets globally.
AQIF’s investment objective is to achieve financial returns and measurable social impact by making venture capital (“VC”) investments in rapidly scaling fintech companies that employ innovative business models to enhance financial inclusion for the underbanked and unbanked populations in emerging markets globally.
Why we fund this project
The intended investment in is a strong fit with FMO's objectives to increase financial inclusion for unbanked populations, empower entrepreneurs and their local communities, to support innovation, and serve the poorest populations in emerging markets.
Environmental and social rationale
The Environmental & Social category of AQIF is C, since the Fund invests in early/growth-stage fintech companies operating in the real economy with limited environmental impacts.
- Financial Institutions
- Signing date
- Total FMO financing
- USD 15.00 MLN
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)