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.

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.

James Mawson

James Mawson is founder and chief executive of Global Venturing.