Quona Capital closed its second fund with US$203m in commitments. The fund’s anchor investor, sponsor, and general partner is Accion and the capital will be used to target financial inclusion…
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Credicorp acquired Banco Compartir, a Colombian microfinance institution, providing an exit to Accion. (Press Release) Global nonprofit Accion announced today its successful exit from Banco Compartir (“Bancompartir”), one of Colombia’s…
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Global nonprofit Accion’s seed-stage investment initiative, Accion Venture Lab, launched a new US$33m fund, leveraging third-party capital for the first time (US$23m) and including a separate US$10m investment from Accion. …
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Accion made an undisclosed investment in CÍVICO, a digital information and payments platform for micro/small businesses. CÍVICO operates in Bogotá, Mexico City and Santiago de Chile. (Press Release) Bogotá, Colombia,…
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The MetLife Foundation provided US$3.9 million for Accion to leverage digital solutions and customer-centered design to empower underserved consumers in Argentina, Chile, and Mexico—and disseminate learnings throughout the region. (Press Release)…
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Venture Capital firms Mountain Nazca and Accion, alongside angel investors, completed a US$1m investment in Chilean-based alternative credit scoring startup Destacame.cl. Accion led the round and invested US$400k. Nazca invested US$250k,…