Accion is a global nonprofit committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing. We catalyze financial service providers to deliver high-quality, affordable solutions at scale for the three billion people who are left out of – or poorly served by – the financial sector. For more than 50 years, Accion has helped tens of millions of people through its work with more than 90 partners in 40 countries. More at http://www.accion.org.
Accion Gateway Fund:
Accion Gateway makes equity investments in for-profit, commercial enterprises that provide financial services to micro entrepreneurs and small businesses in developing countries, with the goal of building sustainable and scalable institutions and eventually enabling a financially inclusive world. As an investor, Accion takes significant minority positions (20% to 40%) in these entities and plays an influential role in the strategic direction, governance and management of the portfolio companies. Investee companies may be early stage or mature and most are microfinance institutions.
The Gateway team is a small and entrepreneurial group that is responsible for working with the regional teams to identify investments, execute deals in cross functional teams, lead negotiations with investee companies and co-investors, raise capital for investments and portfolio companies, execute deal documentation, track investments and, at the appropriate time, assist in orchestrating successful exits.
We are currently recruiting two summer associates. The associates will be an integral part of the team and will be involved in Accion Gateway’s investing activities globally, including deal sourcing, analysis/diligence, transaction closing/process management, and post-investment support to investee companies. The role will be highly entrepreneurial and analytical, spanning emerging market investing, consulting/management, with a focus on financial inclusion.