MICROFINANCE EVENT: Fintech for Inclusion Global Summit; November 3, 2022; the Hague, the Netherlands

This event on financial technology (fintech) will cover innovations in agri-finance, agri-technology, payments, measuring outcomes, embedded finance, blockchain and gender-lens investing. Participants will also have opportunities to “explore potential investment and partnership opportunities.”

Background on Organizers: Founded in 1961, Accion is a US-based nonprofit that seeks to alleviate poverty by offering services such as microenterprise loans and business training. During 2021, the NGO worked with partner organizations in dozens of countries that together held savings from 11 million people and small enterprises, issued 8 million loans and wrote 6 million insurance policies. Accion invests through entities including Accion Frontier Investments, Accion Global Investments and the Accion Venture Lab; and it conducts research via the Center for Financial Inclusion.

Accion created Accion Venture Lab in 2011 to serve as its “seed-stage investment arm.” The mission of the investment vehicle is to support “technology and [other] new approaches that help underserved people and small businesses benefit from the world’s formal economy.” As of 2022, Accion Venture Lab has 54 investees, most of which are in the microfinance and fintech sectors.

Established in 1970, the Dutch development bank Financierings-Maatschappij voor Ontwikkelingslanden (FMO) is 51-percent held by the Dutch government and 49-percent by private investors. The institution works toward the UN Sustainable Development Goals by funding capacity development and placing debt and equity investments in sectors such as agribusiness, financial institutions and energy. As of December 2021, FMO reports a total committed portfolio of EUR 9.7 billion (USD 10.2 billion), having brought in net profit of EUR 491 million (USD 518 million) during that year.
Cost: The cost of admission is EUR 259 (USD 259) if purchased during September and EUR 311 (USD 311) thereafter.

For further information, you may email info[at]fintechforinclusionsummit.com or call +1 202 393 5113.

By Renata Samadova, Research Associate

Sources and Additional Resources

Fintech for Inclusion Global Summit 2022 homepage
https://www.fintechforinclusionsummit.com

Event registration
https://www.fintechforinclusionsummit.com/page/705898

Accion homepage
https://www.accion.org

Accion Venture Lab webpage
https://www.accion.org/how-we-work/invest/accion-venture-lab

FMO webpage
https://www.fmo.nl

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https://www.microcapital.org/category/events/

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