Quona Capital, a enterprise agency centered on monetary inclusion in rising markets, has closed its third fintech fund at $332 million.
It is going to make investments in know-how corporations which can be increasing entry to monetary providers for underserved customers and companies in Latin America, India, Southeast Asia, Africa and Mena.
Quona acquired its begin at nonprofit monetary inclusion specialist Accion earlier than turning into unbiased in 2015. it has made 75 investments and says that its portfolio corporations have served greater than 30 million retail clients and practically 9 million SMEs.
Monica Model Engel, who leads Quona’s investments in Africa and Mena, says: “Our prior fund efficiency, strong pipeline of inclusive fintechs, and rising LP curiosity in our choices are ringing endorsements of our view on the prospects of impact-oriented enterprise investing in rising markets.”