Quona Capital has just closed its fund focused on financial inclusion.
Quona Capital is a venture firm focused on financial inclusion in emerging markets.
The fund was led by investor Accion International.
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.