Center for Financial Services Innovation-backed fund invests $2m in Plastyc.
Plastyc, a US-based provider of financial services for people without access to mainstream lenders, has raised $2m from Core Innovation Capital, quasi-corporate venturing unit of the Center for Financial Services Innovation, a non-profit organization for the so-called underbanked.
Plastyc’s iBankUP money management service and UPside line of prepaid Visa debit cards is aimed at the estimated 60 million people in the US who do not frequent banks or credit unions.
Reloadable, prepaid cards, which offer banking services without…
