About Venture Lab:
Accion Venture Lab is the world’s leading seed-stage investor in fintech for the underserved. Venture Lab invests capital in, and provides support to, innovative fintech startups that improve the reach, quality, and affordability of financial services for the underserved and have the potential to scale.
Created in 2012 by Accion and backed by commercial and impact investors since the launch of its third-party fund in 2019, Venture Lab has deployed over US$27.4 million across 50 early-stage startups that operate in 39 countries worldwide. Venture Lab is a part of Accion, a global nonprofit committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing.
Venture Lab has successfully delivered returns above their benchmarks while staying true to our mission of financial inclusion. We have done so by employing a rigorous sourcing and diligence process, investing in companies poised to take advantage of the investment themes we believe will be successful in the future, and by adding value in the form of strategic and operational support through our portfolio engagement team. Most importantly, Venture Lab has created a model of social impact that many in our industry look to emulate. Venture Lab has helped more than 18.5 million consumers and small businesses benefit from the formal financial sector. We have helped protect and insure 2.1 million individuals and helped people put $166 million into savings.
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 110 partners in 50 countries.
Accion Venture Lab seeks an experienced, senior level investments professional, with a proven track record of making and exiting investments, to lead a dynamic, high-performing team as it continues to scale its work in partnership with global financial services companies, foundations and DFIs.
This leader will also work closely with the Venture Lab Investment Committee to effectively identify and manage investments and will interact regularly with Venture Lab’s Limited Partners on reporting and fund performance.
As a member of Accion’s Operating Committee (senior leadership team), s/he will also be engaged in broader organizational strategies and initiatives, working collaboratively with colleagues across the organization.
The ideal candidate will have experience investing in seed stage investments in emerging markets, building strong relationships with investors and management teams, developing pipeline ideas with a view on financial inclusion business models in key markets globally and is passionate about social impact – while maintaining disciplined focus on delivering commercial returns to investors.
The Managing Director will be responsible for leading fundraising efforts, generating deal flow, building relationships with investors, structuring investments/ leading deal negotiations, serving on boards, fundraising for portfolio companies and developing exit opportunities.
Key areas of responsibility include: