A fintech fund has been created that claims to be the first to invest in bringing financial services, including insurance, to some of the most impoverished communities in the world. The Action Frontier Inclusion fund has so far raised $141m, which it intends to invest in projects that foster financial inclusion for what it calls the world's underserved populations. Managed by Quona Capital, it will invest in fintech firms that are bringing insurance, insurtech, payments, credit and other services to the predominantly rural poor. Its geographical coverage will include sub-Saharan Africa, Asia, India and southeast Latin America.
A fintech fund has been created that claims to be the first to invest in bringing financial services, including insurance, to some of the most impoverished communities in the world. The Action Frontier Inclusion fund has so far raised $141m, which it intends to invest in projects that foster financial inclusion for what it calls the world's underserved populations. Managed by Quona Capital, it will invest in fintech firms that are bringing insurance, insurtech, payments, credit and other services to the predominantly rural poor. Its geographical coverage will include sub-Saharan Africa, Latin America, India and southeast Asia.