About This Episode

Michael Schlein, President and CEO of Accion, talks about how his nonprofit is providing access to financial systems for people all over the world who currently do not have access to tools like bank accounts, loans, or digital financial transactions. “Two billion people are left out of and poorly served by the global financial system. Their lives are so much harder than they have to be, and we're trying to change that,” he says. Advances in technology like satellite imaging have made it possible to reach many more business owners. “I think this is a ‘once in a lifetime’ moment, and we're trying to seize this moment to really change the world,” he believes.    

Resources and Mentions:

Michael Schlein

Michael Schlein

President and CEO

Michael Schlein  is President and CEO of Accion, an early-stage fintech investment company. He was previously with Citigroup, Chief of Staff at the U.S. Securities and Exchange Commission in the Clinton Administration, and in New York’s City Hall in the Dinkins and Koch Administrations.


Works to build a financially inclusive world with access to economic opportunity for all. Its mission is to give people the financial tools they need to improve their lives. Accion has proven that financial services can be made available; that individual lives and the prosperity of communities can be significantly enhanced; and that this can be done at scale and sustainably. Their work helps people, small businesses, and communities grow and thrive. Since its founding in 1961, they have challenged and engaged the industry, its leaders, and its regulators to achieve a financially inclusive world and reached tens of millions of families and entrepreneurs in 50 countries.