ACCION Venture Lab

Financial Inclusion

PURPOSE:

Help 75,000 new and underserved clients have improved access to financial services by unlocking innovation in financial services for low-income clients

Why We Partnered:

ACCION Venture Lab was launched in 2012 with a mandate to invest in and support promising startups aimed at advancing financial inclusion for the underserved. This project will enable Venture Lab to identify and support the expansion of nine fintech companies in Kenya, Tanzania, Uganda and South Africa. Venture Lab will create two new fintech companies in West Africa, piloting a new project in Nigeria and Ghana to identify local entrepreneurs and provide them with technical assistance and ongoing financial and management support to help them grow and raise additional funding. Learnings will be shared with relevant stakeholders to enable the growth of fintech in Africa.

www.accion.org/venturelab