Quona Capital, an investor in financial inclusion that has offices in 10 countries, recently announced the close of its Fund III, with this latest fundraising round engaging most of Fund III’s ongoing investors and 20 new ones. As a result, the fund has a total of USD 332 million in commitments, and the firm has USD 745 million in commitments.
Quona plans to deploy Fund III in 25 to 30 firms, particularly in the business-to-business space, where Quona co-founder Monica Brand Engel argues the firm’s investees are “radically improving access and quality of financial services.”
Founded in 2015, Quona is active in Africa, Asia and Latin America.
Sources and Additional Resources
TechCrunch article
https://techcrunch.com/2022/11/08/quona-capital-332m-financial-inclusion/
Quona homepage
https://quona.com
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