DFC plans $10m loan to Accial Capital's fintech fund for emerging markets

DFC plans $10m loan to Accial Capital's fintech fund for emerging markets

The US International Development Finance Corporation (DFC) on Tuesday said it is planning to extend a $10-million loan to Accial Capital’s fintech fund, which has a target size of $100 million.

Accial Capital is an impact-focused, tech-enabled investor which provides loans to small businesses in Latin America and Southeast Asia. It has backed several prominent startups in Southeast Asia, including Indonesia’s Investree and Pinktek and Singapore-based Rainforest.

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