About This Fund
Accion Digital Transformation Fund L.P. (ADTx) is a $152.5 million impact-oriented growth equity fund managed by Accion Impact Management LLC, a wholly owned subsidiary of Accion International — a New York nonprofit with more than 60 years of experience building and scaling financial institutions across 75 countries and 230+ organizations. Domiciled in Ontario, Canada, with its general partner and investment manager incorporated in Delaware, ADTx was formed to address a structural gap in emerging-market finance: established microfinance institutions and non-bank financial institutions possess the customer relationships and regulatory footprints to reach underserved micro, small, and medium enterprises (MSMEs), but lack both the growth capital and the technical expertise to undergo the digital transformation necessary to extend their reach efficiently and responsibly. The fund fills this gap through minority-stake equity and quasi-equity investments of $12–15 million per company, combined with active board participation and Accion's proprietary capital-plus-capability advisory model.
ADTx targets 8–12 growth-stage financial services companies across three high-opportunity regions: South and Southeast Asia, Latin America, and Africa — with a planned allocation of 3–4 investments in Asia, 2–3 in Africa, and 2–3 in Latin America. The fund's investment universe encompasses microfinance institutions, NBFIs, and emerging digital lenders with demonstrated track records of serving underserved populations, particularly women-led MSMEs and micro-entrepreneurs excluded from formal banking. Accion Impact Management's approach is differentiated by deep operational engagement: the team embeds in portfolio companies to co-design digital customer engagement strategies, digitize loan origination and collection workflows, and build data and analytics infrastructure. This co-investment of expertise alongside capital is designed to multiply the social and financial return of each position, enabling portfolio companies to improve outreach, asset quality, and unit economics simultaneously.
ADTx reached its final close of $152.5 million in May 2024, backed by a consortium of leading bilateral and multilateral development finance institutions: British International Investment (BII), FMO ($21.5 million), IDB Invest ($10 million), the International Finance Corporation ($25 million), OeEB, Swedfund, and Mastercard as a strategic corporate LP. Initial portfolio investments include Annapurna Finance — a Bhubaneswar-based NBFI offering small, unsecured loans averaging ~$400 to underserved women — and IKF Finance, an asset-financing NBFI targeting micro-entrepreneurs. The LP constellation of multilateral and bilateral DFIs reflects the fund's positioning as a catalytic blended-finance vehicle; Mastercard's strategic participation underscores the relevance of digital payments infrastructure integration within the transformation mandate.