Core Innovation Capital, a US-based venture capital firm to help Americans gain banking services and backed by Goldman Sachs, has raised $45m for a private equity fund that will invest in companies focused on improving the financial security of underbanked consumers.Core said it was also hiring a senior associate.
In 2010, Core launched a $30m fund, Core Innovation Capital I fund, with Goldman Sachs as an anchor investor, although the firm has made eight prior investments through the CFSI Catalyst Fund.