Accion Launches $152.5M Fund Investing in Digital Transformation of Financial Institutions Serving Small Businesses Globally

Global nonprofit Accion announces the launch of the Accion Digital Transformation Fund (ADTx). The $152.5 million fund seeks to enable financial institutions to better meet the needs of small businesses that are currently excluded from the financial system by providing growth capital and strategic support for digital transformation. 

The fund will build on Accion's experience supporting banks and finance companies around the world to connect millions of small businesses and individuals to the digital economy and is managed by Accion Impact Management. Investments will focus on companies serving micro, small, and medium enterprises across South and Southeast Asia, Latin America, and Africa.