Accion, a global non-profit dedicated to financial inclusion, has launched the $152.5 million Accion Digital Transformation Fund (ADTx). This initiative aims to help financial institutions better serve small businesses that are currently excluded from the financial system by providing both growth capital and strategic support for their digital transformation.
Since its founding in 1961, Accion has been committed to fostering a fair and inclusive economy. The organization develops and scales responsible digital financial solutions for underserved groups, including small business owners, smallholder farmers, and women, enabling them to make informed financial decisions and improve their livelihoods. Accion’s efforts have facilitated the creation of over 230 financial service providers in 75 countries, benefiting more than 350 million people.
The ADTx fund, managed by Accion Impact Management, builds on Accion’s extensive experience in aiding banks and finance companies worldwide. Its goal is to integrate millions of small businesses and individuals into the digital economy, focusing on investments in micro, small, and medium enterprises across Africa, South and Southeast Asia, and Latin America.
The fund plans to make up to 12 investments, with backing from notable limited partners such as British International Investment (BII), the UK’s development finance institution and impact investor; the Dutch entrepreneurial development bank FMO; IDB Invest; International Finance Corporation (IFC); Mastercard; OeEB, Austria’s development bank; and Swedfund, Sweden’s development finance institution.
Accion is a global nonprofit on a mission to create a fair and inclusive economy. “Every day, the global financial system fails nearly two billion people. They are low-income small business owners, smallholder farmers, and women — the people who are most impacted by climate change, economic instability, and conflict. They lack a safe place to save their money, credit to manage and grow their businesses, insurance to protect against climate disasters, and other high-quality, affordable financial services that many of us take for granted.
We work with local partners to develop and scale responsible digital financial solutions for underserved people globally, so they can make informed decisions and improve their lives” the official website reads.
