Core Innovation Capital is a double-bottom line venture capital fund. This means that in addition to seeking market-rate returns, we screen companies for their ability to improve the lives of millions of low- to moderate income Americans.
Most underbanked people pay high fees for basic financial services and lack access to tools to build credit and assets. We believe that using technology creatively can dramatically reduce risk, losses and costs for payments and credit solutions and provide a positive trajectory to the bottom third of the American economic pyramid who need a helping hand. We are committed to fostering companies and leaders who share our vision.
As a double-bottom line fund we will measure our social impact as well as our financial returns. In partnership with the Center for Financial Services Innovation, our investors and advisors, we intend to raise the bar for impact investing as a discipline.