GFTN Capital Pte. Ltd., a growth-equity venture firm under the Global Finance & Technology Network (GFTN), announced Tuesday a strategic alliance with Accion, a global nonprofit that supports innovative financial service providers in building a more inclusive world.
GFTN said in a statement that this alliance is aimed at mobilizing capital for digital finance and inclusive FinTech companies serving the world’s financially underserved communities.
GFTN Capital and Accion will bring together leading industry stakeholders to advance solutions on emerging opportunities in inclusive finance and fuel the growth of innovative companies delivering high-quality financial products at scale, helping drive financial inclusion globally.
“GFTN’s strength lies in its ability to translate its global network into impact,
“We engage year-round with entrepreneurs, innovators, and policymakers in finance and technology,” said Neil Parekh, Deputy Chairman, GFTN.
According to him, the firm’s work advances digital public infrastructure, inclusive FinTech, and green innovation with a focus on the Global South.
“Collaborating with Accion, a global leader in inclusive finance, lets us bring this expertise to the underserved, where it matters most,
“Together, we are channeling capital and expertise to support companies that innovate for people, not just for profit,” he added.
Sopnendu Mohanty, Group Chief Executive Officer of GFTN, said this partnership represents how GFTN Capital will bridge global investors and innovators to drive finance with purpose.
“Accion brings deep expertise in responsible finance, and together we are aligning capital with impact to redefine how innovation can build equitable and sustainable growth,
“Our shared goal is to make inclusion the driving force of innovation, not a side effect,” he added.
GFTN Capital leverages GFTN’s global ecosystem of innovators, entrepreneurs, policymakers, and investors that spans more than 130 countries.
The firm intends to provide investors with early access to emerging, high-growth FinTech companies.
It will support its portfolio companies with strategic capital, market insights, and valuable connections to an established network of industry stakeholders across the world.
“Accion is proud to partner with GFTN Capital to speed up the next generation of inclusive FinTech,
“Despite progress, 1.6 billion people remain poorly served or excluded from the financial system. By combining GFTN’s unparalleled network with our record in advancing inclusive finance, we are building a platform to scale solutions that extend opportunity to those left out of the formal economy,” said Michael Schlein, President and Chief Executive Officer of Accion.
GFTN Capital partners with SBI to debut $200M fund to fuel global innovation