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African fintech startups to benefit from $203m Accion Quona Inclusion Fund

Quona Capital, a venture firm focused on financial inclusion in emerging markets, has announced the final close of the Accion Quona Inclusion Fund at US$203 million in commitments from an array of leading investors.

Quona Capital, which has supported more than 20 financial technology companies expanding access for underserved consumers and small businesses in Latin America, South and Southeast Asia, and Sub-Saharan Africa, has a strategic relationship with Accion,a global non-profit focused on microfinance and fintech impact investing. 

Together, the two organisations have launched the Accion Quona Inclusion Fund, which has just closed at US$203 million, significantly exceeding its $150 million target. Investors include global asset managers and insurance companies, investment and commercial banks, as well as university endowments, foundations, family offices, and development finance institutions. 

Read more from source article: https://disrupt-africa.com/2020/03/african-fintech-startups-to-benefit-from-203m-accion-quona-inclusion-fund/

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