Accion

Founded: 1961 • Age: 65 yrs
Foundation focused on early-stage investments in fintech sector
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About Accion

Accion is a company founded in 1961.. Accion has completed 1 acquisition, including BancoSol.

  • Sectors
    Government & Social Sector
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Government & Social Sector → Charitable & Nonprofit
Key Metrics
  • Annual Revenue
    $9.09 K (USD)
    0
    as on Dec 31, 2020
  • Net Profit
    $3.43 (USD)
    -100
    as on Dec 31, 2020
  • EBITDA
  • Latest Funding Round
    $150 K (USD), Grant

    Jul 22, 2010

  • Investors
    HHS

    & 1 more

  • Employee Count
    Employee Count
  • Investments & Acquisitions
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People of Accion
Headcount 200-500
Employee Profiles 23
Board Members and Advisors 15
Employee Profiles
People
Maria Hermida
General Counsel
People
Michael Schlein
President & CEO
People
Chris Coxon
Chief Communications Officer
People
Adelina Dasso
Senior Investment Officer, Accion Global Investments

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Board Members and Advisors
people
Phillip Riese
Board Member

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Funding Insights of Accion

  • Total Funding
  • Total Rounds 3
  • Last Round Grant — $150,000
  • First Round

    (20 Sep 2007)

  • Investors Count 2
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2010 Amount Grant - Accion Valuation

investors

HHS
Sep, 2008 Amount Grant - Accion Valuation

investors

HHS
Sep, 2007 Amount Grant - Accion Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Accion

Accion has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include HHS and U.S. Department of the Treasury. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Institutional
Investor Description Founded Year Domain Location
Public health and human services are overseen by HHS.
Founded Year Domain Location
The U.S. Department of the Treasury is tasked with formulating and implementing fiscal policy for the United States government.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Accion

Accion has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include BancoSol. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Acquisitions
Company Name Description Domain Location Founded Year Amount
Commercial banking services are provided across Bolivia by BancoSol.
1986
Company Name Description Domain Location Founded Year Amount
OVO is recognized as a smart digital payment application.
2017
Bionic investment advisor platform
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014

Financial Statements - Accion

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Accion Comparisons

Employees
+
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Competitors of Accion

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Accion

Frequently Asked Questions about Accion

When was Accion founded?

Accion was founded in 1961 and raised its 1st funding round 46 years after it was founded.

Who is the current CEO of Accion?

Michael Schlein is the current CEO of Accion.

What is the annual revenue of Accion?

Annual revenue of Accion is $9.09K as on Dec 31, 2020.

What does Accion do?

Foundation focused on early-stage investments in the fintech sector. It offers a range of services include Microfinance, Digital Financial, Strategic Governance, Product Development and Training and Capacity Building. It develop and scale responsible digital financial solutions for underserved people globally, so they can make informed decisions and improve their lives.

How many acquisitions has Accion made?

Accion has made 1 acquisition, including BancoSol.

Who are Accion's investors?

Accion has 2 investors. Key investors include HHS, and U.S. Department of the Treasury.

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