Accion Venture Lab Fund II, LP
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 Venture Lab II, LP (“AVL II”, the “Fund”) is a global early-stage venture capital fund, focused on financial technology (fintech) companies. It is established and managed by Accion International, a global non-profit organization, focused on promoting financial inclusion.
What is our funding objective?
The Fund’s goal is to support early stage fintech start-ups in global emerging markets, which contribute to financial inclusion by leveraging technology to serve un(der)served consumers and businesses.
Why do we fund this investment?
The intended limited partnership commitment to AVL II is in line with FMO’s objective to promote financial inclusion in global emerging markets and strategy of the FMO Ventures Program to invest in early stage fintech start-ups and VC fintech funds. Capital provided will enable founders to further develop and scale their new technology companies, thus promoting market creation and digitalization.
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.
- Country
- Global
- Sector
- Financial Institutions
- Publication date
- 1/31/2023
- Effective date
- 1/23/2024
- Total FMO financing
- USD 8.25 MLN
- Funding
- Ventures Program Africa EurNb
-
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) - B