Accion Closes $61.6Million Second Fund, Earmarks 30% for Indian Startups
- $61.6M raised under Accion Ventures (formerly Accion Venture Lab)
- 30% of capital dedicated to Indian fintech startups
- Focus on financial inclusion via embedded finance, alt-data, and digital solutions
Global impact investor Accion has announced the close of its second early-stage fund at $61.6 million, deepening its commitment to advancing financial inclusion worldwide. The new fund, managed under Accion Ventures (rebranded from Accion Venture Lab), will continue to back innovative fintech startups that deliver digital financial services to underserved communities.
A standout feature of the new fund is its 30% allocation to Indian startups, underscoring India’s pivotal role in the global fintech landscape. Accion has a long history of investing in India and has already supported companies like:
- Aye Finance a leading MSME lending platform
- Olyv (formerly SmartCoin) a consumer lending fintech, and
- TransBnk a fintech infrastructure provider.
This allocation reflects Accion’s belief that India’s growing digital ecosystem, regulatory support for financial inclusion, and widespread adoption of digital payments present enormous opportunities for fintech innovation.
Beyond India, Accion Ventures will deploy its capital across emerging markets in Africa, South and Southeast Asia, Latin America, and the United States. The fund plans to invest in up to 30 new fintech startups globally, focusing on models that can scale, reach underserved populations, and deliver both social impact and sustainable returns.The strategy places emphasis on fintechs leveraging embedded finance solutions, alternative data for credit scoring, and digital-first products that make financial services more accessible to low-income individuals and small businesses.
Since its inception in 2012, Accion’s venture arm has built a strong portfolio, investing more than $59 million across 76 companies in over 30 countries. The portfolio has seen multiple full or partial exits, reinforcing the viability of balancing impact-driven investment with commercial success.Over the years, Accion has been instrumental in scaling startups that empower individuals with access to credit, insurance, payments, and savings products sectors often neglected by traditional financial institutions.
The closing of this second fund comes at a time when fintech adoption is accelerating globally, with particular momentum in markets like India where digital lending, payments, and neobanking are experiencing record growth. By combining capital, strategic expertise, and a mission-first approach, Accion Ventures is positioning itself as a catalyst for the next wave of inclusive fintech innovation.
