Quona Capital closes $203M fund for financial inclusion fintech in emerging markets

Quona Capital announced the closing of a $203 million fund on March 4, 2020, with sponsorship from Accion, a global nonprofit focused on financial inclusion. The fund targets fintech companies operating in emerging markets that are building solutions to expand access to financial services for underserved populations. Quona Capital's investment thesis focuses on companies leveraging embedded finance, digital payments, lending, and savings infrastructure in regions including Latin America, South and Southeast Asia, and Africa.

Accion's involvement as sponsor underscores the development finance angle of the fund. The $203 million close represents substantial institutional commitment to fintech infrastructure in markets where traditional banking penetration remains low. The fund is expected to back companies at growth stages that are scaling embedded financial products.