Impact investment firm Accion raises $61.6 M for second fund

Accion , a global non-profit firm focused on impact investment, has closed its second fund with a target corpus of USD 61.6 million to back early-stage fintech startups. The fund closed with commitments from both existing and new investors, including commercial and impact asset managers, development finance institutions, family offices, and strategic financial service companies.LPs (limited partners) in the fund include Dutch entrepreneurial development bank FMO, Proparco, ImpactAssets, Ford Foundation, MetLife, and Mastercard.The fund, which is part of Accion Impact Management, also marks the rebrand of its strategy from Accion Venture Lab to Accion Ventures.