Accion Venture Lab
Investments
85Portfolio Exits
4Funds
1Partners & Customers
1About 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
Accion Venture Lab Web Traffic
Accion Venture Lab Rank
Latest Accion Venture Lab News
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.
Accion Venture Lab Investments Activity
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 | |||||
5/3/2022 | Series A |
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 | ||
Amount | $4.8M | $3M | $2.25M | ||
New? | No | Yes | Yes | ||
Co-Investors | |||||
Sources | 5 | 7 | 1 |
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 | 1 | |||
Date | 5/23/2022 | |||
---|---|---|---|---|
Exit | Acquired | |||
Companies | ||||
Valuation | ||||
Acquirer | ||||
Sources | 1 |
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 | LeapFrog Investments, Luminary Labs, and Bain & Company | Managing Director | Former |
Vikas Raj | Evercore, CMI, Ujjivan Small Finance Bank, and Deloitte | Managing Director | Former |
Name | Amee Parbhoo | Tahira Dosani | Vikas Raj |
---|---|---|---|
Work History | LeapFrog Investments, Luminary Labs, and Bain & Company | Evercore, CMI, Ujjivan Small Finance Bank, and Deloitte | |
Title | Managing Partner | Managing Director | Managing Director |
Status | Current | Former | Former |
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