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Accion

1101 15th St NW, Suite 400, Washington, DC, 20005, United States

Overview

Accion is a global nonprofit that gives people access to financial tools needed to improve lives. Accion catalyzes financial service providers to deliver high-quality, affordable solutions at scale for the people who are left out of or poorly served by the financial sector. The company's work helps people, small businesses, and communities grow and thrive. We challenge and engage the industry, its leaders, and its regulators to achieve a financially inclusive world. The company supports companies through advisory services, targeted coaching, and support for startups, and by providing high-caliber governance through board oversight. Accion was founded on 1961 and is headquartered Cambridge, Massachusetts.

Total investments
18
Lead investments
6
Investments · 12mo
2
Active investors
8

Sector focus

  • Asset Management
  • Finance
  • Financial Services
  • Impact Investing
  • Non Profit
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Investment portfolio

  • Solfium

    Led · Series A · Apr 2026

    Solfium offers a unified clean-energy platform that integrates solar generation with energy management systems, battery storage, electric vehicle chargers, and predictive maintenance while connecting suppliers, distributors, employees, and corporate facilities. The company reports that since 2022 it has installed 36,260 solar panels, adding 25 MW of capacity and projected to reduce 281,000 tons of CO2 over 25 years while delivering roughly USD 28 million in savings to customers and electricity consumers. Solfium’s leadership emphasizes enabling access to clean energy for both large corporates and more than five million MSMEs in Mexico, with ambitions to expand further across Latin America. The company closed a $10 million Series A to strengthen its technology stack and accelerate market expansion, with strategic investor support from BDC Capital and LATAM Impact Fund aimed at validating impact and scaling operations. CEO and cofounder Andrés Friedman has highlighted customer energy-cost reductions of up to 95% as a key value proposition. Solfium is headquartered in Montreal and is using its platform and new capital to deepen presence in Mexico and grow distributed solar deployment.

  • TransBnk

    Participated · Series B · Aug 2025

    TransBnk offers a single-window “common operating system” and foundational layer of microservices that enable use cases such as treasury, liquidity, escrow management, reconciliation, and API/SDK integrations. The platform integrates with multiple banks and enterprise stacks to consolidate transaction banking workflows across web, mobile, and developer interfaces. It works with 60 banks (40 fully integrated) and serves 220 customers — roughly 80% merchants (lenders, fintechs, NBFCs) and 20% banks white-labeling its software. Operationally, the company processes about 110 million transactions monthly, covers roughly 11,000 bank accounts, and leverages over 1,500 APIs. Financially, TransBnk says it grew revenue more than 12x to around $12 million ARR, turned profitable after taxes in February, and reports healthy gross margins of about 80%. The startup plans to use capital to continue building its infrastructure platform layer, expand beyond India into Southeast Asia and the Middle East, and extend its product reach into sectors such as real estate, pharma, and renewable energy. TransBnk offers a transaction banking platform that enables corporates, commercial and institutional clients to execute agile, secure transactions via embedded finance and SaaS. The company launched in 2022 and is led by CEO Vaibhav Tambe. In 20 months it has partnered with over 25 banks, exposed more than 200 APIs, and serves roughly 100 BFSI clients. The platform has supported over 5,000 accounts including escrows and processed more than 50 million transactions. Its customers include NBFCs, microfinance institutions, banks and fintechs using the platform for treasury management, co-lending, supply chain finance and cash-flow based lending. TransBnk plans to expand its network of banking partners and pursue global expansion focusing on the Middle East and Southeast Asia. TransBnk provides a programmable transaction banking platform that empowers banks, lenders and other financial ecosystem players to manage multi-party transactions compliantly. Its technology has been embraced by banks and lenders to manage capital flows for use cases such as co-lending and lease rental discounting. The company has established partnerships with more than 10 private banks and has served over 50 corporate, institutional and fintech clients. Founded in 2022 and led by CEO Vaibhav Tambe, TransBnk plans to use its recent funding to bolster product and technical teams, enhance its tech stack, and expand its product line. The startup raised $1M in Seed funding to support these growth and product initiatives.

  • FlexiLoans

    Participated · Series C · Sep 2024

    FlexiLoans is a digital-first fintech lender that originates loans to micro, small and medium enterprises using alternative data from e‑commerce and payment platforms. The company operates a 100% digital origination model and says it can approve loans within 48 hours, serving more than 10 million SMEs through partnerships with Flipkart, Amazon and Paytm. To date FlexiLoans has disbursed over INR 7,000 crore in loans and targets raising its AUM from about INR 2,000 crore to between INR 3,500–4,000 crore. In FY24 revenue grew 2.4x to nearly INR 263 crore while profits fell about 50% to INR 3.3 crore, reflecting rapid expansion costs. The product focus is collateral-free working capital for businesses in tier‑II and tier‑III cities, enabled by alternative-data credit underwriting. FlexiLoans is a Mumbai-based fintech that provides collateral-free credit to MSMEs through a digital lending platform. The company uses in-house technology and risk models to score borrowers and can approve loans in less than 48 hours. It has partnered with more than 120 businesses, including Amazon, Flipkart, Pine Labs, BharatPe, and Mswipe. FlexiLoans has raised more than $115 million to date, including a $90 million Series B in June 2022 that included debt and equity from Fasanara Capital, MAJ Invest, and the family office of Caravel Group chairman Harry Banga, alongside investors such as Sanjay Nayar. Operating revenue rose from Rs 51.5 crore in FY22 to Rs 108.5 crore in FY23, an increase of 110.7%. The company has been without new funding for about 20 months and is using new debt to support continuing operations. FlexiLoans.com is an Indian MSME-focused fintech lending company that provides 'loans at a click' to small businesses via 100% digital originations and zero branches. The firm reports having disbursed over INR 1,700 crores (about $220 million) to MSMEs across more than 1,600 cities. Its core product offerings and channels include platform lending, co-lending, BNPL and supply-chain finance backed by technology assets for lending, pricing and customer journeys. The company plans to focus on technology development and to more than double its MSME loan book via co-lending, BNPL and supply-chain finance platforms. It will continue investing in customer-journey automation, risk management and analytics to strengthen underwriting and operations. FlexiLoans positions itself to benefit from the government’s fintech push for the MSME sector and to support broader Atmanirbhar Bharat objectives. FlexiLoans.com is a Mumbai-based fintech lender. The company operates in digital lending and is described in the article as a fintech lender. It announced that it has raised about $20 million (Rs150 crore). The funding was provided through a mix of equity and debt financing. The article does not provide details on the investors, use of proceeds, or operating metrics. No future plans or financial projections were included in the report. FlexiLoans is a digital lending platform focused on providing quick and transparent funding access to small businesses and supply-chain participants. The Mumbai-based fintech employs multiple data sources and non-traditional credit-scoring parameters in a proprietary credit engine to deliver loan decisions within 48 hours and aims to cut processing to under 24 hours. It launched operations in April 2016 with partners such as Uber and Shopclues and has integrated with major e-commerce players including Amazon, Flipkart, Snapdeal, Jabong and others. The company introduced loans against POS transactions, which produced a major spike in volumes. Its mobile app receives over 4,000 applications per month—primarily from tier-two to four cities—with an average ticket size of Rs 5 lakh across more than 175 cities and plans to expand to 500 cities. FlexiLoans plans to use new funding to expand its loans and supply-chain financing segments and to scale up operations.

  • Agrizy

    Led · Series A · Aug 2024

    Agrizy is a Bangalore-based provider of a B2B agri-processing platform co-founded in 2021 by Vicky Dodani and Saket Chirania. The platform supports discovery and ordering, fulfillment, and credit facilitation to help processors maximize capacity utilization and overall business outcomes. Agrizy has served over 100 institutional clients across domestic and international markets, including Europe, North America, and Asia. It has processed more than 100,000 MT of agrifood products. The company plans to use the funds to accelerate expansion across existing and new product lines and to develop value-added services. Agrizy also intends to enable quality financial services to better serve agri-processors. Agrizy operates a B2B agrifood processing platform that enables processors to buy pre- and semi-processed products and offers end-to-end fulfillment including quality assurance, logistics, and payment options. The company provides value-added processing services that supply large agrifood processors and brands with custom-processed products while aiming to increase capacity utilization and profitability for SME processors. Agrizy also offers FinTech services that enable formal lenders’ working capital to processors at affordable rates. The company raised $5 million in debt financing and plans to use the funds to strengthen processing capabilities, expand reach to more agrifood processing SMEs in India, and purchase large quantities of agrifood on domestic and foreign markets. Agrizy previously raised a $4,000,000 seed round in April 2022 from Amrit Acharya and other investors. Established in 2020 and based in Bengaluru, Agrizy lists competitors including Copia, AgroFresh, and Hazel Technologies. Agrizy is developing a tech-first platform to bridge the processed agri supply chain by connecting processors and buyers of non-perishable farm products across food and non-food categories. Founded in September 2021 by Vicky Dodani and Saket Chirania, the company offers solutions across digital vendor management and supply and value chain automation. The startup plans to use new capital to build business and engineering teams, develop a suite of digital services for the processed agriculture marketplace, and ramp up customer traction in targeted value chains. Management says the business has been sustainably growing 100% month-on-month from inception. Agrizy targets improved price realization, expanded footprint across locations, and unlocking value for SMEs by enabling formal credit. The seed round is also Ankur Capital's first investment through its India Pitch Fest program.

  • Los Andes

    Led · Equity · Aug 2024

    Los Andes is a microfinance entity that provides credit and savings products to micro and small entrepreneurs in rural Peru. The company operates 101 branches and serves roughly 85,000 borrowers and over 227,000 savings clients, with about 40% of borrowers in rural areas and 47% women. Los Andes has more than 26 years of experience in the microfinance sector and is profitable. The firm plans to pursue strategic M&A to consolidate the microfinance sector and drive scale. It is undertaking a digital transformation to deliver new digital products and increase use of digital processes across its client base. Management says these initiatives aim to expand Los Andes’ reach among Peru’s roughly 2.1 million micro, small, and medium enterprises. Los Andes positions itself to become Peru’s leading rural bank while maintaining a social-inclusion focus.

Team