Discover Products, Get Discovered.
Individuals find the right products. Businesses reach the right audience. One platform, free for both.
Individuals find the right products. Businesses reach the right audience. One platform, free for both.
Since 2013, Accion has backed 9 African startups across 9 disclosed funding rounds totaling $37.6M, most heavily in Kenya and Fintech.
Accion is a global nonprofit organization that works to create a financially inclusive world by supporting innovative financial service providers and fintech companies. Through its investment strategies, including Accion Ventures, Accion acts as an early stage investor in inclusive fintech and is headquartered in Washington, D.C., as confirmed by its official materials. In Africa, Accion has been an active backer of early stage companies that expand access to financial services and improve financial health for underserved people. The firm invests primarily at the seed and Series A stages, with a particular focus on fintech and adjacent sectors such as insurtech, agricultural finance, small business finance solutions, and digital payments. Based on the investment data provided, Accion has participated in nine funding rounds in Africa between 2013 and 2025, with commitments across Kenya, Tanzania, Nigeria, Egypt, and South Africa, supporting companies that provide embedded liquidity, SME financing, digital insurance distribution, pay as you go energy solutions, and farm inputs and credit. Accion’s African portfolio includes ventures such as Kuunda, PaidHR, Flowcart, Khazna, Lami, Apollo Agriculture, Lula, PayGo Energy, and Kopo Kopo, reflecting a consistent focus on technology driven models that broaden access to quality financial services. Across these investments, Accion aligns commercial discipline with impact, aiming to help scale business models that leverage data and digital channels to reach underserved customers while maintaining strong financial performance.
Data updated · Aug 16, 2026
Sign in to see all 9 portfolio products
Free account — full portfolios, timelines, and the weekly funding digest
Sign in to see all 9 rounds
Free account — full portfolios, timelines, and the weekly funding digest
Accion has backed 9 African startups across 9 disclosed funding rounds tracked on Liners, totaling $37.6M since 2013.
Mostly Seed: 7 of its 9 tracked rounds are at that stage, followed by Series A (2).
Its tracked rounds lean toward Fintech (4), HR & Talent (1), E-commerce & Retail (1), and 3 more sectors.
Accion most often shares rounds with Quona Capital (2 shared deals), Newid capital (2 shared deals), Nedbank (1 shared deal).
Accion’s recorded African investments include Kuunda and Kopo Kopo in Tanzania and Kenya, PaidHR in Nigeria, Flowcart in Kenya, Khazna in Egypt, Lami in Kenya, Apollo Agriculture in Kenya, Lula in South Africa, and PayGo Energy in Kenya. These companies operate in areas such as embedded liquidity, SME finance, payroll and HR, e commerce, earned wage access, digital insurance, agricultural finance, and pay as you go energy.
Accion often invests alongside other institutional investors. Co investors noted in the available data include Quona Capital, Newid Capital, Nedbank, 4Di Capital, Seedstars, E4E Africa, Portugal Gateway, Chui Ventures, Zrosk Investment Management, Zedcrest Capital, EQ2 Ventures, Musha Ventures, CRE Venture Capital, CVENTURES, and Disruptech Ventures.