When the COVID-19 pandemic struck, founders and investors alike wondered what effects it would have on the startup market. How would companies adapt? What effects would the crisis have on operations? And would investors continue to evaluate potential opportunities? Accion has been working to find answers to these questions —and many more — over the past few months.
Now that some time has passed, Accion is seeing that the startup ecosystem has adapted in stride — and as an encouraging sign, investors are still investing. Just as they found in their own experience and in conversations with other investors, the approach to the due diligence process has changed – and some of these changes may transcend the current pandemic. Accion has constructed this guide to help fintech startups, venture capital firms, and other investors understand it better.