March 11

Accion, Quona Launch Us$203 Million Fund to Promote Financial Inclusion

By César Miramontes

Contxto – You’ve probably heard of Quona Capital when we talked about the historic mark of US$57.5 million seed equity and debt round that Klar set back in November of last year.

Additionally to leading this unprecedented round in Latin America, Quona Capital also participated in Contabilizei’s Series CKovi’s Series A, and Neon’s Series B among others.

This is Quona’s second fund and it has been christened as the Accion Quona Inclusion Fund. While Quona’s interest in reducing the financial inclusion gap is not really news, the US$203 million destined to fulfill this mission in Latin America, Africa, India, and Southeast Asia is.

Photo courtesy of francois schnell.

Source: Contxto (link opens in a new window)

financial inclusion