August 24, 2017 3:32 AM ET

Commercial Services and Supplies

Company Overview of Accion International

Company Overview

Accion International is a charitable organization that focuses on providing financial tools. The organization also focuses on building microfinance institutions. It offers management, technical assistance, governance, and client education services. The organization provides financial literacy and business training programs. Additionally, it operates Accion U.S. Network, a micro and small business lending network in the United States. Accion International was formerly known as Accion en Venezuela. Accion International was founded in 1961 and is based in Boston, Massachusetts.

56 Roland Street

Suite 300

Boston, MA 02129

United States

Founded in 1961

Phone:

617-625-7080

Fax:

617-625-7020

Key Executives for Accion International

Chief Executive Officer and President
Chief Financial Officer
Chief Operating Officer
Senior Vice President and Regional Head of Latin America
Senior Vice President and Regional Head of Africa
Compensation as of Fiscal Year 2017.

Accion International Key Developments

Accion Names Brian Clancy as Chief Planning & Development Officer

Accion announced the appointment of Brian Clancy as Chief Planning & Development Officer. In this role, Brian will oversee Accion's Resource Development function with the objective of developing relationships and funding sources. He will also play a leadership role in Accion´s strategic and revenue planning. Brian has known and worked closely with Accion for many years. He has served in the pro-bono role of Chair of the Advisory Board of the Center for Financial Inclusion since 2008. He also served on the Accion board of directors, and for many years has been an active member of the President's Circle. Brian's professional experience includes 15 years with Fidelity Investments, where he held a variety of senior roles, including CFO and Head of Investment Operations for Fidelity Management & Research Co., as well as President of the Boston Public Library Foundation, where he has also served on the board.

Accion Appoints Kevin Saunders as General Counsel

Accion announced the appointment of Kevin Saunders as General Counsel. Saunders had previously served as the company's Deputy General Counsel and interim General Counsel. Kevin joined the company in 2007 and was promoted to Deputy General Counsel in 2013.

Accion Announces Board Appointments

Accion announced that Tahira Dosani and Vikas Raj have been named the new managing directors of Accion Venture Lab, Accion's impact investment initiative. Accion Venture Lab provides patient seed capital and support to innovative financial inclusion start-ups, fostering experimentation and promoting business models that improve the efficiency, reach, and scope of financial services for people living in poverty worldwide. Founding managing director Paul Breloff, who led the initiative in its first four years, is pursuing a start-up in the human capital space in India and will remain a strategic advisor. Both Dosani and Raj bring an extensive working knowledge of Venture Lab's work, having served as its director of Portfolio Engagement and director of Investments, respectively. Prior to joining Venture Lab, Dosani led strategic projects and partnerships at LeapFrog Investments; managed investments and supported the portfolio at the Aga Khan Fund for Economic Development in Dubai; led strategy for and launched key products at Afghanistan's leading mobile network operator Roshan; and was a management consultant with Bain & Company and The Bridgespan Group. Prior to his time at Venture Lab, Raj worked in Mergers and Acquisitions investment banking at Evercore Partners, in microfinance investing and operations at Ujjivan Financial Services in India and Catalyst Microfinance Investors in West Africa, India, and Southeast Asia; and was a management consultant with Deloitte Consulting.

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Recent Private Companies Transactions

Type
Date
Target
Fund Raising
March 5, 2017
Accion Frontier Inclusion Fund LP
\
 

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