Tagged: goldman sachs

Share the Love: Goldman Sachs’ Online Lender Marcus Now Open to All Borrowers

marcus-portrait-goldman-sachs

Marcus, Goldman Sach’s (NYSE:GS) foray into the universe of online lending, launched late last year. The catch was you had to be “invited” to take out a loan. Management was clearly testing things before the training wheels came off. Today, Marcus is emailing folks to let… Read More

Crowdfunding & Fintech Predictions for 2017

Fortune Cookie Golden Investments Ahead Future

Last year due to time constraints I was unable to publish my list of Crowdfunding/Fintech predictions for 2016. This year I am back once again, for better or worse, peering deep into my crystal ball with a list of prognostications for the coming year. The… Read More

No Thanks: Goldman Sachs Drops Out of R3 CEV Blockchain Group

Blockchain

Goldman Sachs is no longer part of the R3 CEV blockchain group, according to the WSJ. Founded in 2014 by CEO David Rutter to explore the use of the distributed database technology, especially for tech utilizing bitcoin, R3 CEV explores way banks can save billions of dollars through streamlining outdated… Read More

Goldman Sachs Introduces First Advertising Campaign Aimed Towards The Masses (Video)

Goldman Sachs

Goldman Sachs (NYSE:GS) has launched its first advertising campaign that is aiming towards those in need of getting out of their credit card debt and looking for a fixed-rate, lower-cost personal loan. According to CNBC, The new 15 and 30-second campaign ad will appear on various video… Read More

Goldman Sachs, Pivot Investment Partners & Wells Fargo Invest $16 Million in Fintech Company Droit

satya-pemmaraju-droit

New York-based Fintech firm Droit Financial Technologies secured a $16 million in Series A investments earlier this month from Goldman Sachs, Pivot Investment Partners, and Wells Fargo. Principal trading firm DRW also participated. Droit is a New York-based Fintech firm focused on providing enterprise solutions for OTC… Read More

Singaporean Government & Banks to Award S$1.15 million to FinTech Companies

singapore-fintech-festival

The Government of Singapore is inviting startups, tech companies, investors, and banks to its inaugural Singapore FinTech Festival between November 14-18. Events will include a Hackcelerator Demo Day, the FinTech Awards, and a speakers expo. Finalists competing in the FinTech Awards had been busy implementing… Read More

Fitch: Goldman Sachs Blends Banking & Fintech with Launch of Marcus

Goldman Sachs Born to Change

Fitch Ratings is out with a note on Goldman Sachs’ foray into the online lending market. Fitch says that Marcus, Goldman’s recently launched lending platform, seeks to combine the best of both Fintech and the stability of being a more traditional bank. Marcus is differentiated from… Read More

Marcus, Goldman Sachs’ Online Lender, Launches to Provide Affordable Consumer Loans

marcus

Goldman Sachs’  long-anticipated online lending platform labeled Marcus has launched for users who received a special code by mail.  The Fintech platform is poised to challenge established marketplace lending platforms such as Prosper and Lending Club by offering consumers a chance to refinance onerous credit… Read More

Brief: Fundation Nabs $100M Credit Facility from Goldman Sachs

Sam Graziano

Fundation has secured $100 million credit from Goldman Sachs, reported the WSJ. The cash flow will enable the “credit solutions provider” to expand recent partnerships with traditional banks, such as Regions Financial Corp. and a network of community banks, and to extend loans to the banks’ business customers.  Paying a… Read More

Brief: Introducing Marcus, Goldman Sachs’ Online Lender Plans for October Launch

Counting Money

“Marcus, I’d like a small consumer loan.” No, users will not be going to a teller to ask for a loan from Goldman Sachs‘ much anticipated online lending platform. Rather the name is meant to establish a sense of familiarity, like being on a first name basis… Read More

Goldman Sachs to Launch Online Lender this Fall with Consumer Loan Product

Money Benjamin Dollars 100

Goldman Sachs (NYSE:GS) announced earnings yesterday and beyond beating market expectations, the investment bank revealed some of its intentions on the forthcoming launch of its online lending platform later this fall. The news that Goldman Sachs was moving into the online lending sector came over… Read More

Spring Ahead? Lending Club Plans First Sale of Bonds Backed by Unsecured Loans

Renaud Laplanche

The US’ largest marketplace lender LendingClub Corp. is planning its first sale of bonds backed by its unsecured loans, reported the WSJ, seeking new funding sources in today’s challenging market. Working with Goldman Sachs Group Inc. and Jefferies Group on the offerings, LendingClub’s plans to discuss updates with potential investors as early as this week, reported the WSJ; Goldman… Read More

Brief: CommonBond Completes $150M Securitization of Student Loans Assets

Graduation

On Monday, marketplace lender CommonBond announced that it has completed its $150 million of student loans assets, which was co-led by Barclays and Goldman Sachs. Morgan Edwards, CFO of CommonBond, stated: “The strong reception in the capital markets to our second securitization is a further testament to the… Read More

Goldman Sachs – GSBank May Use Deposits to Support Mosaic P2P Lending Platform

Goldman Sachs Born to Change

Last year Goldman Sachs revealed its intent to push into the marketplace / peer to peer lending sector. While a growing number of traditional financial firms are partnering with more agile, fintech startups – Goldman decided to strike out on their own. This past week,… Read More

$13.8B for Global Funding for VC-Backed Fintech Firms; Payments, Lending & Blockchain Lead Way

kpmg cb insights

2015 was the year that financial technology entered the mainstream, claims the new report “Pulse of Fintech” from KPMG and CB Insights (see also the University of Cambridge Centre for Alternative Finance  seminal benchmarking surveys last year), which estimates that VC-backed fintech firms around the world secured $13.8 billion in… Read More

Brief: Victory Park Capital Names Former Goldman Sachs Managing Director New Chief Investment Officer

Victory Park Capital

Victory Park Capital (VPC), an investment firm focused on private middle-market debt and equity investments, announced on Tuesday former Goldman Sachs managing director, Upacala Mapatuna, has joined as chief investment officer. Upacala will reportedly bring more than 20 years of financial industry experience and over 15 years of investing experience to VPC. Richard Levy, CEO and founder of VPC commented:  “We… Read More

Brief: LendInvest Names Goldman Sachs’ Hugo Davies Capital Markets Associate

Hugo Davies

This week, peer-to-peer (P2P) platform LendInvest announced it has appointed Hugo Davies as its new capital markets associate. Davies reportedly joins LendInvest from Goldman Sachs, where he worked in liquidity, cash and collateral management. He stated: “I joined LendInvest with a deep appreciation for detail,… Read More

Former Goldman Sachs Employees Launch Neyber Consumer Lending Platform

Hello Neyber

Neyber has launched a new consumer lending program. The announcement comes on the heels of raising £6 million in a Series A funding round. The company raised £2.5 million in seed financing in 2015. Neyber is taking a slightly different approach to credit by offering low-interest… Read More

Lendix Takes the Lead in France’s SME Crowdlending

Olivier Goy and Patrick Nonneville

Lendix, one of the 60 companies who joined the fray of crowdlending platforms in 2015 has quickly taken the leadership position by designing a marketplace that meets the needs of institutional investors. Marketplace lending to small and medium size enterprise (SMEs) is taking off in… Read More

Fintech Moved Mainstream: Reflections on 2015

i love fintech

As 2015 comes to a close, here are some highlights from WWF, the wonderful world of fintech. And what a year it’s been!  At the close of last year, the world watched Lending Club’s astounding IPO. By this November, the firm surpassed $13B from borrowers since its 2006 launch. During… Read More