Tagged: accion

UAE Fintech NOW Money Receives $700,000 Investment From Accion Venture Lab & Newid Capital

UAE-based fintech startup NOW Money announced on Tuesday it secured an investment of $700,000 from venture capital investors Accion Venture Lab and Newid Capital. NOW Money claims to be the first fintech in the Gulf region to use mobile banking technology to provide accounts, financial inclusion and a range of… Read More

Fifth Third Bank Expands Partnership With Accion U.S. Network to Fuel Small Business Growth in Florida, Indiana, Illinois, Michigan, & Ohio

Fifth Third Bank announced on Thursday an investment and expanded partnership with nonprofit small business lender network, Accion U.S. Network, to support lending to underserved small businesses in Florida, Indiana, Illinois, Michigan, and Ohio. The bank revealed that the partnership highlights its focus on championing… Read More

Fintech Startup First Circle Secures $2.5 Million Investment From Global Investors For Southeast Asia Expansion

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Philippine fintech startup First Circle announced on Wednesday investments from Accion Venture Lab, the seed-stage investment initiative of Accion, and Deep Blue VC. First Circle has now reported equity funding of $2.5 million. Investors included Accion Venture Lab, Deep Blue VC, 500 Startups, IMJ, and Key… Read More

Accion Frontier Inclusion Fund Closes with $141 Million in Capital Contributions

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Accion and Quona Capital announced on Monday the closing of the Accion Frontier Inclusion Fund, which both companies claim to be the world’s first global fintech fund for the underserved. The fund is managed by Quona Capital. According to the companies, the oversubscribed Fund represents $141… Read More

Fintech Startup Destacame Completes Seed Funding Round: Looks to Expand Access to Credit in Latin America

Chilean-based fintech startup Destacame announced the closing of its seed round of financing.The round was led by Accion Venture Lab, the seed-stage investment vehicle of Accion. Destacame describes itself as an alternative credit scoring platform that uses alternative data to assess an individual’s creditworthiness. Destacame’s proprietary… Read More

President Bill Clinton Helps Launch Kiva City Little Rock

President Bill Clinton helped announce the launch of Kiva City Little Rock, an initiative that expands the availability of crowdfunded microloans for small business owners and aspiring entrepreneurs in the Little Rock area. The program reaches underserved borrowers by crowdfunding loans, connecting current and future… Read More

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