Quona Capital is a venture firm investing in fintech for financial inclusion in emerging markets. It backs companies serving underserved consumers and small businesses across Latin America, India and Southeast Asia, and EMEA. The firm states it aims to marry investment performance with social impact. Quona began as Accion's Frontier Investments Group and became an independent venture firm in 2015.
$745M (aggregate committed capital across Funds I-III, TechCrunch, Nov 2022) AUM69/100 Power Score™2015 FoundedWashington, District of Columbia
Quona Capital founded by Monica Brand Engel, Jonathan Whittle and Ganesh Rengaswamy, becoming an independent venture firm after starting as Accion's Frontier Investments Group
2019
Portfolio company Coins.ph acquired by Go-Jek for a reported $72 million
2020
Closed Fund II, the Accion Quona Inclusion Fund, at $203 million in commitments
2022
Closed Fund III at $332 million, taking aggregate committed capital to over $745 million