Fintech on the agenda for VCs: Core Innovation Capital raises $71.5 million to fund banking and trading tech startups - FinanceFeeds

Fintech on the agenda for VCs: Core Innovation Capital raises $71.5 million to fund banking and trading tech startups

Core Innovation Capital, a Los Angeles and San Francisco-based fintech focused venture capital firm, raised approx. $71.5m for its second…

Core Innovation Capital, a Los Angeles and San Francisco-based fintech focused venture capital firm, raised approx. $71.5m for its second fund.

According a regulatory form filed with the SEC, Core Innovation Capital II, L.P., was subscribed by 17 investors.

Led by Arjan Schutte, founder and MP, and Kathleen Utecht, MP, Core Innovation Capital invests in companies that deliver financial products that aim to save people time and money, create mobility, and scale broadly – driving both profit margins and consumer value.

Investments include Mirador, Nova, Banking Up, Trim, NerdWallet, CoverWallet, Oportun, and Ripple, among others.

The firm’s team also includes Colleen Poynton, VP, Alex Davidov, VP and Ramtim Naimi, Venture Associate.

+ Read This Next

YES BANK implements multi-nodal Blockchain solution in India

YES Bank’s Blockchain Implementation leverages IBM Hybrid Cloud technology to fully digitize Vendor Financing for Bajaj Electricals.  IBM Watson enabled Cognitive Interface for YES BANK’s API Banking and Blockchain services, and the Chain Code was implemented in partnership with FinTech start-up Cateina Technologies