Intelligence

Quona Capital’s fintech fund for the ‘underserved’ closes $141m

The Accion Frontier Inclusion Fund, a global fintech fund managed by venture capital firm Quona Capital, has secured $141 million in capital contributions from a consortium of institutional investors including Accion, MasterCard, and JPMorgan Chase.

The Washington-based fund will invest in “inclusive fintech” startups that improve the accessibility and quality of financial services in emerging markets including sub-Saharan Africa, Latin America, and Asia, with a particular focus on Southeast Asia and India.

Source: ZDNet

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