Accion, Leapfrog minting money from India bet but IFC sitting on a loss
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Accion, Leapfrog minting money from India bet but IFC sitting on a loss

By Ajay Ramanathan

  • 12 Sep 2024
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Accion, Leapfrog minting money from India bet but IFC sitting on a loss
Credit: Thinkstock

Global impact investors Accion and Leapfrog Investments are making multi-bagger returns on their investment in an Indian non-bank lender but International Finance Corporation is sitting on a loss.  Accion and Leapfrog, along with venture capital firm Eight Roads Ventures, Japan’s Sumitomo Mitsui Banking Corporation and alternative investment funds managed by India’s ......

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