#8 | Core Innovation Capital: It’s Expensive To Be Poor

Arjan Schutte is democratizing prosperity by investing in technologies that dramatically reduce the cost of financial services. 17% of low income Americans' spending goes to things that are generally “free” for the middle class and wealthy – like having a bank account. Arjan has backed unicorns like blockchain-based international digital payments company Ripple, and out of left field concepts like Yotta that encourage savings through lottery-like winnings. Listen to how over the last decade Core’s portfolio companies have created $45 Billion of savings for 25 million Americans, 80% of whom are low and moderate income. That means Arjan has helped save poor Americans about $100 per household per month while driving substantial value in the Core portfolio.