Quona Capital has just closed its fund focused on financial inclusion.
In Brief:
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Quona Capital is a venture firm focused on financial inclusion in emerging markets.
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The fund was led by investor Accion International.
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It has been named the Accion Quona Inclusion Fund.
What does this mean?
The fund beat its $150mn target with commitments from asset managers, insurance companies, investment and commercial banks and more. The new fund has already invested in nine FinTechs, including Finjs, ZestMoney and Klar.
