Impact investor Accion closes $61.6M fund, earmarks 30% for Indian fintech

Global impact funder Accion has wrapped up its second fund at $61.6 million, with a significant 30% slated for early-stage fintech startups in India. This strategic allocation underscores growing global confidence in India’s financial inclusion and fintech innovation ecosystem.

Accion’s increased regional focus is expected to channel much-needed capital into underbanked segments—from digital lending to payments and rural finance—potentially accelerating adoption of financial services in underserved communities.