CHICAGO–The Center for Financial Services Innovation said it has established the CFSI Catalyst Fund, a private equity limited partnership created to cultivate new financial services companies and solutions focused on the underbanked. “It is unique in its exclusive focus on early growth stage companies with the potential for broad scale, near term profitability, and dramatic impact on the underbanked market segment,” CFSI said in a statement. KeyBank and the Ford Foundation are among the initial investors in the fund.
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