Calvert Impact leads new financing round to Accial Capital
Summary
BETHESDA, MD, March 09, 2023 /24-7PressRelease/ -- Accial Capital, an impact-focused, tech-enabled investor in small business and consumer loan portfolios in emerging markets with an emphasis on empowering women, and Calvert Impact announced today the closing of a $35 million financing round. The new financing round will support micro, small, and medium enterprises (MSMEs) by providing senior debt to a diversified set of tech-enabled alternative lenders operating on the ground in Latin America and Southeast Asia. At year end, more than 700,000 loans with a total value of over $1 billion had been disbursed to individuals and micro-, small-, and mid-sized enterprises in emerging markets through Accials credit facilities. "We are excited to build on the multi-year relationship with Calvert Impact and welcome both DFC and Symbiotics Investments to our fund," said Jared Miller, CEO of Accial Capital. "The fresh capital will help us 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."