American companies lead corporate venturing approaches to entrepreneurs targeting the poor.
The market for underbanked Americans is worth about $45bn in fees based on $455bn in principal borrowed, dollars transacted and deposits held, according to Core Innovation Capital, a venture capital firm backed by investment bank Goldman Sachs and the Center for Financial Services Innovation.
Core was founded to help fund entrepreneurs targeting this sector and at the 6th Annual Underbanked Financial Services Forum in the summer said GoalMine had won its Core Underbanked Innovators Challenge.
GoalMine helps people to start…
