Project detail - ACCION QUONA INCLUSION FUND LP.

ACCION QUONA INCLUSION FUND LP.

Status: Approved investment
Back to map

Why disclosure?

FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more

In case of questions

In case of questions, please contact us at disclosure@fmo.nl

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 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.

What is our 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 do we fund this investment?

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.

What is the Environmental and Social categorization 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
Publication date
7/17/2018
Effective date
9/14/2018
Total FMO financing
USD 15.00 MLN
Funding
FMO NV
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