Dealflow | March 13, 2023

Accial Capital secures $35 million to finance women-led businesses in Latin America and Asia

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, March 13 – Accial Capital provides debt to startups and financial institutions serving businesses and consumers. The Miami-based investment firm’s portfolio includes fintech ventures like Avista in Colombia, which provides payroll and pension scheme-backed financing to rural and small-city borrowers. Accial provided $22.5 million in debt to Avista earlier this month.

It has also provided venture debt to Mexico-based Minu, which partners with employers to provide financial education and financial health services to employees.

The company says its portfolio has disbursed $1 billion through 700,000 loans.

Growth capital

Accial has raised $35 million from investors, including Calvert Impact, which invested $10 million. The U.S. International Development Finance Corp. and Symbiotics also backed the company.

Accial’s Jared Miller said it plans to “expand our investments with responsible fintech lenders, increase access to credit in emerging markets, and deepen our focus of supporting women borrowers that account for close to half of the dollar value of our portfolio.”