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General Information

Websiteaccion.org/ventur...
Twitter@accion_global
Phone(800) 931-9951
Employees
DescriptionSeed Capital

Funds

Offices

Accion Headquarters
56 Roland Street
Suite 300
Boston, MA, 02129
USA

People

Managing Director
Director of Portfolio Engagement
Senior Investment Officer
Senior Investment Analyst
Investment Officer
Investment Officer

Tags

Venture Lab

Venture Lab is an investment initiative that provides patient seed capital and support to innovative financial inclusion start-ups, fostering experimentation and promoting business models that improve financial access for people living in poverty worldwide.

Since these start-ups traditionally lack access to capital and assistance, Venture Lab provides flexible financial and non-financial support to suit the needs of each investee enterprise, as follows:

  • Investment: We will typically invest U.S. $100,000 to $500,000 in equity or quasi-equity instruments, depending on the circumstances. We welcome opportunities to co-invest with like-minded investors and bring others to the table, particularly for later-stage investment into portfolio companies.
  • Support: Venture Lab prefers to be an active investor and bring to bear the people and resources of the global Accion network to maximize the chance of success. In addition to day-to-day support from the Venture Lab team, investee companies may get connected to Accion’s in-house technical experts (technology, risk management, etc.), microfinance teams and customers from partner institutions around the world, and the global banking and investing community.

Recent Milestones

Investments

Company Date Round Size Participants
PayClip 5/2013Seed$1.5M4
Varthana 5/2013Venture Round1
SaludFÁCIL 5/2013Venture Round1
Coda Payments 5/2013Series A1

Videos

Sources

  1. Clip raises $1.5M to fund Square-like mobile payments in Mexico (venturebeat.com) [edit]
  2. Varthana Raises Funding (finsmes.com) [edit]
  3. Salud Facil Raises Funding (finsmes.com) [edit]
  4. CODA PAYMENTS RAISES FUNDING FROM VENTURE LAB (finsmes.com) [edit]
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Last Edited 3/31/14

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