Posts by Vikas Raj
The Catalyst Fund's intervention is specific: It provides small, flexible grants of up to US $100,000 alongside mentoring and advisory services from investors and a robust learning agenda, dedicated to supporting innovative but pre-investable inclusive fintech startups. Here's how the Accion Venture Lab team worked with the Gates Foundation, JPMorgan Chase & Co, Quona Capital, Grey Ghost Ventures and the Omidyar Network, among others, to create it.
What will 2015 hold for financial inclusion innovations? Accion Venture Lab highlights some current groundbreaking trends, and several seed stage companies leading the charge.
Too often, start-ups serving the BoP try to do too much, says Vikas Raj of Accion Venture Lab. Though there’s nothing wrong with wanting to change the world, in varied and complicated settings like India, no individual outfit can solve every problem. Instead, effective startups take local realities into account, focus on a basic customer pain point, and then work from there.