Mastercard, AXA, MetLife and Prudential are among the limited partners for the Accion Frontier Inclusion Fund, which will back technology that will make financial services more accessible.
US-based microfinance non-profit organisation Accion has launched a $141m financial technology and services investment fund with contributions from limited partners including insurance groups AXA, MetLife and Prudential, and payment services firm Mastercard.
Accion Frontier Inclusion Fund will invest in startups developing technology that can help expand the range and quality of financial services available to those currently underserved, a figure the organisation estimates is above 3 billion.
The fund will in particular look to investments in sub-Saharan Africa, Latin America,…
