Accion Digital Transformation Fund
Introduction
Accion Digital Transformation Fund focuses on the digital transformation of financial institutions in countries in Africa and South and Southeast Asia.
The digitalisation of financial products and services increases accessibility and enables more individuals as well as micro, small and medium-sized enterprises to participate in these types of services.
Swedfund's investment contributes to the development of the digital ecosystem in the economies of Africa and Southeast Asia and to improving access to capital by supporting digitally driven financial institutions in the region.
Read more in our press release: Swedish investment to support financial inclusion
Facts
SDGs in focus
No Poverty
End poverty in all its forms everywhere.
Gender Equality
Achieve gender equality and empower all women and girls.
Decent Work and Economic Growth
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.
Reduced Inequalities
Reduce inequality within and among countries.
Sector
Financial Inclusion
Financial Inclusion invests in, amongst others, regulated banks and microfinance institutions to reach out more broadly and effectively.
Value creation
Our Impact
The investment contributes to financial inclusion by increasing access to financial products and services for small and medium-sized enterprises and individuals. The investment is also expected to contribute to job creation and other income-generating opportunities locally, as well as to women's economic empowerment by strengthening female leadership and providing women with capital.
ESG
We are working closely with the fund manager to further develop their environmental and social management system to help strengthen sustainability requirements for the fund's portfolio companies in areas such as anti-corruption, environmental and social issues.
Additionality
Our investment is financially additional as we invest in countries and sectors where access to capital is limited, poverty rates are high, the business environment is challenging and as it is expected to contribute to mobilising capital. The investment is value additional through a strong focus on active value creation during the investment phase, prioritising the environment, sustainability, corporate governance and capacity building.