‘A Poor Investment? VC Firm Targets the “Underbanked”’ – ‘ReadWriteWeb’
The latest post on ‘ReadWriteWeb’ is titled “A Poor Investment? VC Firm Targets the “Underbanked””.
Tim Devaney and Tom Stein say, “There’s a lot of money in poor people. KPMG reports that America’s 88 million consumers who are “unbanked” (no bank account) or “underbanked” (no credit) earn $1.3 trillion a year. At least one venture capital firm is out to make money helping them out”.
A Poor Investment? VC Firm Targets the “Underbanked”
ReadWriteWeb
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