Accion Names Tahira Dosani and Vikas Raj Managing Directors of Accion Venture Lab
Wednesday, July 20, 2016
CAMBRIDGE, Mass — Accion announced today that Tahira Dosani and Vikas Raj have been named the new Managing Directors of Accion Venture Lab, Accion’s impact investment initiative. Accion Venture Lab provides patient seed capital and support to innovative financial inclusion start-ups, fostering experimentation and promoting business models that improve the efficiency, reach, and scope of financial services for people living in poverty worldwide.
Founding managing director Paul Breloff, who led the initiative in its first four years, is pursuing a start-up in the human capital space in India and will remain a strategic advisor.
“Tahira and Vikas have been instrumental in establishing Accion Venture Lab as a leading early-stage investor in the financial inclusion industry and advancing its role as both investor and advisor to inclusive fintech innovators,” said Michael Schlein, CEO and President of Accion. “We are excited for them to build on that success and bring the Venture Lab model to scale. Venture Lab will continue to support innovative business approaches that leverage emerging fintech applications for financial inclusion.”