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


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 Digital Transformation Fund ("ADTx", the "Fund") is a global investment fund that provides growth capital to microfinance institutions in Africa, Asia and Latin America. The fund is managed by Accion, a pioneer in the microfinance sector with over 50 years of global experience in this field.

What is our funding objective?

The Fund’s goal is to support the digital transformation of established MFIs in emerging markets serving un(der)served customers in order to increase outreach and create social impact through active engagement.

Why do we fund this investment?

The investment shows a strong fit with FMO's objectives to increase financial inclusion for un(der)banked populations, empower entrepreneurs and their local communities, to support innovation, and serve the poorest populations in emerging markets. The strong focus on supporting MFIs in their digital transformation and thereby addressing the needs of the un(der)served, is the key differentiator to all other financial inclusion funds.

What is the Environmental and Social categorization rationale?

The E&S categorization is B, based on the risk profile of the pipeline companies, the Fund manager’s investment strategy and demonstrated commitment to E&S.

Financial Institutions
Publication date
Effective date
Total FMO financing
USD 21.50 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)