Project detail - ACCION QUONA INCLUSION FUND LP.

ACCION QUONA INCLUSION FUND LP.

Back to map

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.

Funding objective

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.

Country
Global
Sector
Financial Institutions
Signing date
9/14/2018
Total FMO financing
USD 15.00 MLN
Fund
FMO
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