This content is rated TV-MA, and is for viewers 18 years or older. Are you of age?
Sorry, you are not old enough to view this content.
CNET News Video: VC firm banks on the poor
About Video Comments (0 ) Transcript

CNET News Video: VC firm banks on the poor

1:35 /

Venture capitalist companies are notorious for trying to make big profits by investing in startups. But Sumi Das talks to the founder of one firm that's looking for a different return on investment: social good.

Sixteenth when a venture capital firm fund the startup they're banking on a sizable return on the investment but sometimes it's not just about turning a profit. VC firms like frontier investments -- of our equity and core innovations look for other measures of our ally. There's this new sector coming out we're reinvesting companies that try to solve some social problem as well as make money. So that's what impact investing is when area of focus for impact investing the under banked. Individuals who had adequate access to financial services. He walked on the streets one and four wallets. It doesn't have a bank account or does but barely uses that and mostly relies on alternative financial services protect -- -- -- -- reminders. VC firm core animation capital wants to help create options that are more affordable for customers. And less risky for service providers. So if I can manage -- risk better by using some risk algorithm and the cloud vs a guy in the back room to decide if the check is good or bad. I can bring matter risk levels found to basis points is supposed to percentage points that can pass those savings on to the customer and get a better -- myself. -- investments include plastic which offers overdraft -- looking. As America tries to recover from a harsh financial crisis the under -- may be eager for a dose of high tech help. In San Francisco -- -- dot cnet.com for CBS news.

New releases

iPhone 6 launch mania: Bigger phones,...
3:00 September 19, 2014
The now-annual iPhone launch spectacle seemed different this time around. At Manhattan's marquee Apple Store...
Play video
First 3D printer that works in...
2:39 September 19, 2014
Silicon Valley startup Made In Space shoots for the moon with a 3D printer that's heading for the International...
Play video
Three tips for Safari on iOS 8
1:56 September 19, 2014
CNET's Dan Graziano shows you how to get the most out of the newest version of Apple's mobile Web browser...
Play video
Remove the clutter from the App...
0:58 September 19, 2014
Notice your recent contacts in the app switcher since upgrading to the latest version of iOS 8? CNET's Dan...
Play video
Portable back-to-school gadget...
1:02 September 19, 2014
The right tech tools can help high school and college students on the go stay connected and powered up. Increasingly...
Play video
iPhone 6 is here, but do we need...
30:20 September 19, 2014
As the iPhone 6 lands and Phones 4U folds, we ask if we even need that Apple Pay thing America is making such...
Play video
Inside Scoop: Longtime Oracle CEO...
4:25 September 18, 2014
In a surprise move, longtime Oracle chief Larry Ellison is stepping down. Who will take the helm at the software...
Play video
Hidden features inside of iOS...
8:47 September 18, 2014
We'll show you features that aren't so obvious in iOS 8, and why it's the best and the worst week ever for...
Play video