Tagged: goldman sachs

February 21, 2019 @ 8:24 am By JD Alois  |  

Apple (NASDAQ: APPL) and Goldman Sachs (NYSE: GS) are hooking up with a new credit card scheduled to launch this spring, according to a report in WSJ.com. Rumblings of a Goldman – Apple partnership first emerged in May of 2018, again reported by WSJ. At… Read More

February 11, 2019 @ 2:11 pm By Samantha Hurst  |  

Nav, a business financial management app that helps small business find the best financing by giving them free access to business and personal credit reports from major commercial and consumer credit bureaus, announced on Monday it secured $44 million through its Series C funding round, which… Read More

January 30, 2019 @ 2:37 pm By Samantha Hurst  |  

Online student lending platform, Climb Credit, announced on Wednesday it secured $50 million in lending capital from the Goldman Sachs Urban Investment Group. Since launching in 2014, Climb reported it has originated nearly $100 million worth of loans, funded the education of nearly 10,000 students and partnered with over 100… Read More

January 22, 2019 @ 4:15 pm By Samantha Hurst  |  

UK-based fintech firm Nutmeg announced on Tuesday it secured £45 million through its latest funding round, which was led by Goldman Sachs and Convoy, which is an existing investor of the company. As previously reported, Nutmeg is described as the UK’s first online “discretionary investment management company.”… Read More

January 17, 2019 @ 9:32 am By JD Alois  |  

Digital only bank Marcus continues to gain traction in both the US and the UK. During the Q4 earnings call by Goldman Sachs (NYSE: GS) yesterday, the management team shared some additional insight into the Fintech’s growth. Goldman, by the way, reported blowout numbers which… Read More

January 3, 2019 @ 10:09 pm By JD Alois  |  

Fintech, or financial innovation, is pervasive within the financial services industry. Innovation has always existed in this sector of business but the advent of the internet combined with the creativity of risk taking entrepreneurs has engendered an accelerated period of disruptive change in finance. Think about… Read More

December 23, 2018 @ 9:40 pm By Cali Haan  |  

The cryptocurrency mania of 2017 was impossible for Wall Street to ignore, but a mainstream avalanche into crypto is easier said than done, and a stampede of clients demanding crypto-based products from their institutional brokers just hasn’t materialized yet, Bloomberg reports. “The market had unrealistic… Read More

October 22, 2018 @ 1:27 pm By JD Alois  |  

As we predicted just yesterday, Goldman Sachs will move into the wealth management space, according to a note by CNBC. The additional service was alluded to in the most recent Goldman earnings call which took place last week. The new financial advisor service will most… Read More

October 21, 2018 @ 8:32 pm By JD Alois  |  

Last week, Goldman Sachs (NYSE:GS) shared their 3rd quarter earnings report. Buried within the report was an update on Marcus, the digital bank and online lender that recently crossed the Atlantic setting up a beachhead in Europe by opening up in the UK in late September…. Read More

October 18, 2018 @ 11:01 am By Samantha Hurst  |  

Blockchain software firm BitGo announced on Thursday it has completed its latest Series B funding round, which raised $58.5 million. The company attracted new investors through the round, such as Goldman Sachs’ Principal Strategic Investments group and Galaxy Digital Ventures LLC, a venture investment firm founded by… Read More

October 3, 2018 @ 11:00 pm By JD Alois  |  

CoinFi, is described as the “world’s first decentralized crypto market intelligence platform” designed to offer research, analysis and trading signals for crypto traders. The goal is to give users an edge when they speculate on the price movement of crypto – a higher that is… Read More

September 7, 2018 @ 10:38 am By JD Alois  |  

Earlier this week, a report circulated by Business Insider indicated that Goldman Sachs had paused its efforts to launch a cryptocurrency trading desk – something Goldman had confirmed it was pursuing earlier this year. Today, according to CNBC, Goldman is still considering its options with… Read More

September 5, 2018 @ 4:51 pm By JD Alois  |  

A report from earlier today indicates that Goldman Sachs has decided to shelve its plans to launch a cryptocurrency trading desk. At least in the near term, Goldman is holding off on its crypto ambitions, according to Business Insider. The news immediately threw cold water… Read More

August 23, 2018 @ 7:31 pm By JD Alois  |  

Marcus began its existence as a mere online lender seeking to provide consumers with affordable credit all online. But as time moves on, it is becoming more clear that Marcus is being positioned as not just providing loans but becoming the bank of the future:… Read More

August 14, 2018 @ 8:54 am By Samantha Hurst  |  

Enterprise blockchain technology provider Axoni announced on Tuesday it secured $32 million through its Series B funding round, which was led by Goldman Sachs and Nyca Partners. The funding round included participation from Andreessen Horowitz, Citi, Coatue Management, Digital Currency Group, F-Prime Capital, Franklin Templeton… Read More

July 13, 2018 @ 9:50 am By Samantha Hurst  |  

Paidy, Inc., a Japan-based post-pay credit account company, announced on Thursday it secured $55 million through its Series C funding round, which was led by ITOCHU Corporation with participation from Goldman Sachs. The company reported combined with its two previous Series A and B rounds,… Read More

June 24, 2018 @ 6:15 am By JD Alois  |  

Goldman Sachs announced earlier this year the creation of an in-house cryptocurrency trading desk – a first for a top tier bank. A Goldman rep made the comment that it “resonates” when clients want to hold Bitcoin (and they would need to go elsewhere if… Read More

June 21, 2018 @ 11:06 am By Cali Haan  |  

The CEO of Goldman Sachs, Lloyd Blankfield, told an audience at the Economic Club of New York recently that he does not side with other powerful bankers who have dismissed Bitcoin; “I’m not in this school of saying… because it’s uncomfortable with me, because it’s… Read More

June 9, 2018 @ 1:58 pm By JD Alois  |  

While Goldman Sachs’  (NYSE:GS) most prominent foray into Fintech started with online lending, Marcus is poised to become so much more in the digital banking arena. As previously reported, Marcus zoomed into online lending fueled by consumer deposits due to an acquisition from several years… Read More

June 5, 2018 @ 3:58 pm By Samantha Hurst  |  

On Tuesday, API platform Marqeta announced it raised $45 million through its latest investment round, which was led by ICONIQ Capital with participation from Goldman Sachs. The funds brought Marqeta’s total funding to $116 million. Founded in 2010, Marqeta states it is on a mission… Read More