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Venture Capital
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accion.org/venturelab

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Investments

85

Portfolio Exits

4

Funds

1

Partners & Customers

1

About Accion Venture Lab

Accion Venture Lab, an initiative started by Accion, 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.

Accion Venture Lab Headquarter Location

56 Roland Street Suite 300

Boston, Massachusetts, 02129,

United States

617-625-7080

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Accion Venture Lab Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Accion Venture Lab Rank

Latest Accion Venture Lab News

Fintech Fairbanc secured $4.8 M in Pre-series A round

Jul 25, 2022

Fairbanc, a fintech company focused on Indonesia, secured US $4.8 million in pre-series A fundraising from investors including the Asian Development Bank, Accion Venture Lab, and Indonesian conglomerate Lippo Group. Vertex Ventures led the round. Using the platform provided by Fairbanc, small and medium-sized businesses can obtain short-term finance to purchase high-demand consumer items from well-known companies. 13 other brands, including Unilever, Nestle, Coca-Cola, and Danone, have relationships with the company. 2020 saw US-based Fairbanc raise an undisclosed sum from 500 Global and Michael Sampoerna, the CEO of Sampoerna Strategic and an Indonesian billionaire. The company grew by entering Indonesia after receiving that funding. In the past year, the company has added over 350,000 merchants. The buy now, pay later option offered by Fairbanc allows about 75,000 of these vendors to buy high-margin goods. By making use of the extensive merchant networks of its partner consumer brand companies, Fairbanc hopes to grow swiftly. The additional money is designated for Indonesian expansion and will assist the company in exploring other markets with Unilever, such as Vietnam and the Philippines. 80 percent of Fairbanc’s beneficiaries are unbanked, and almost 70 percent are women entrepreneurs who were able to boost their sales by an average of 35 percent, according to a Unilever survey.

Accion Venture Lab Investments

85 Investments

Accion Venture Lab has made 85 investments. Their latest investment was in Fairbanc as part of their Seed VC - III on July 7, 2022.

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Accion Venture Lab Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/22/2022

Seed VC - III

Fairbanc

$4.8M

No

5

6/30/2022

Seed VC

AquaExchange

$3M

Yes

7

6/27/2022

Seed VC

Kuunda Digital

$2.25M

Yes

1

5/18/2022

Series A

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$99M

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10

5/3/2022

Series A

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$99M

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10

Date

7/22/2022

6/30/2022

6/27/2022

5/18/2022

5/3/2022

Round

Seed VC - III

Seed VC

Seed VC

Series A

Series A

Company

Fairbanc

AquaExchange

Kuunda Digital

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Amount

$4.8M

$3M

$2.25M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

5

7

1

10

10

Accion Venture Lab Portfolio Exits

4 Portfolio Exits

Accion Venture Lab has 4 portfolio exits. Their latest portfolio exit was Tez Financial Services on May 23, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/23/2022

Acquired

$99M

1

3/10/2022

Acquired

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$99M

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10

7/30/2020

Acquired

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$99M

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10

10/7/2015

Acquired

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$99M

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10

Date

5/23/2022

3/10/2022

7/30/2020

10/7/2015

Exit

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

10

Accion Venture Lab Fund History

1 Fund History

Accion Venture Lab has 1 fund, including Accion Venture Lab.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/31/2019

Accion Venture Lab

$33M

6

Closing Date

10/31/2019

Fund

Accion Venture Lab

Fund Type

Status

Amount

$33M

Sources

6

Accion Venture Lab Partners & Customers

1 Partners and customers

Accion Venture Lab has 1 strategic partners and customers. Accion Venture Lab recently partnered with Mastercard on November 11, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

11/1/2018

Partner

United States

1

Date

11/1/2018

Type

Partner

Business Partner

Country

United States

News Snippet

Sources

1

Accion Venture Lab Team

3 Team Members

Accion Venture Lab has 3 team members, including current Managing Partner, Amee Parbhoo.

Name

Work History

Title

Status

Amee Parbhoo

Managing Partner

Current

Tahira Dosani

Managing Director

Former

Vikas Raj

Managing Director

Former

Name

Amee Parbhoo

Tahira Dosani

Vikas Raj

Work History

Title

Managing Partner

Managing Director

Managing Director

Status

Current

Former

Former

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