Tagged: goldman sachs

“Very Good Security” Raises $35 Million led by Goldman Sachs

Very Good Security (VGS) has raised $35 million in Series B funding led by Goldman Sachs’ Merchant Banking Division. Existing investors Andreessen Horowitz and Vertex Ventures US also joined in the funding round. VGS is building “modern SaaS infrastructure for data security, compliance, and privacy.” … Read More

Goldman Sachs Reports $55 Billion in Consumer Deposits, No Color on Apple Card Partnership

Goldman Sachs (NYSE:GS) revealed Q3 earnings this morning. The conference call is scheduled for 11AM ET today. Results were good but not great as earnings missed estimates. Shares declined in pre-market trading. Buried within the presentation is the fact that Goldman Sachs now claims $55… Read More

Vista Equity Partners Might Sell a 50% Stake in $10 Billion Fintech Outfit Finastra

Vista Equity Partners might reportedly sell a 50% stake in $10 billion Fintech outfit Finastra, according to Bloomberg. Finastra was established in 2017 when Vista acquired Canadian firm D+H and merged it with London-headquartered Misys, another Fintech company owned by Vista. The merger helped establish… Read More

Goldman Sachs Provides $100 Million Secured Credit Facility to Mexican Fintech Konio

For the first time ever, giant Wall Street investment bank Goldman Sachs’ (NYSE:GS) structured finance division is providing a $100 million secured credit facility to Mexico-based Fintech startup Konfio Ltd. The funds will be directed toward Konfio’s business operations, which include providing unsecured working capital… Read More

SME Lender Credijusto Secures $42 Million Through Series B Funding Round Led By Point72 Ventures & Goldman Sachs

Credijusto, an SME lending platform that is based in Mexico, announced on Thursday it secured $42 million through its Series B funding round, which was led by Point72 Ventures and Goldman Sachs with participation from Thomvest Ventures, Wolfson Group, Third Lake Capital and Argo Ventures,… Read More

Old Banks Continue to Invest in Fintech Led by Goldman Sachs, Citi & JP Morgan Chase

Old finance continues to leverage one of its most valuable assets: lots of money. While traditional banks may struggle to innovate and adapt they continue to do what they do best which is to spend money on emerging tech to hedge against a sectorial shift…. Read More

MPOWER Financing Secures $100 Million Loan Facility From Goldman Sachs

MPOWER Financing, a U.S. fintech that provides educational loans to international and DACA students, announced on Tuesday it secured a $100 million loan facility from Goldman Sachs. According to MPOWER, the latest facility brings the total loan financial capital to $200 million. Founded in 2014,… Read More

Report Says Low FICO Score Individuals Being Approved for Apple Card

The Apple Card (NASDAQ:AAPL) is rolling out all of this month with registered individuals receiving email notifications to sign up for the virtual/physical card. Managed by Goldman Sachs (NYSE:GS), the Apple Card expects to launch with interest rates (APRs) ranging from 12.99% to 23.99% when… Read More

LendingClub: America Does Not Need Another Credit Card, Apple Card Spells Disaster for Consumers

Apple Card, a “new kind of credit card” launched by Apple (NASDAQ:AAPL) in partnership with Goldman Sachs (NYSE:GS) is expected to be made available to the public within the next few days. In fact, it has been reported that invitation emails have already gone out… Read More

Apple Card to Launch Soon, Just Not for Cryptocurrency Purchases

The Apple Card is expected to be available to the public any day now following the most recent earnings report where Apple CEO Tim Cook said the card will launch in August.  The credit card is being issued in partnership with Goldman Sachs and Apple… Read More

Apple Card to Launch in August

Following a solid top and bottom-line beat for the Q3 earnings report, Apple CEO Tim Cook confirmed that Apple Card, the credit card crafted in partnership with Goldman Sachs, will launch in August. Apple Card is an extension of Apple Pay and the Apple Wallet…. Read More

Fintech & Goldman Sachs: Parsing the Most Recent Earnings Report

Goldman Sachs (NYSE:GS) issued its Q2 earnings report this past Tuesday (July 16). Goldman’s shares moved higher following the release after beating expectations on both the top and bottom lines. Goldman also announced an increase in the capital return program including an increase in the… Read More

Fintech Investment: Goldman Sachs Backs Raisin with €25 million as Company Expands into US Market

Raisin, a Germany-based Fintech that has rapidly grown in popularity across the continent, has received a €25 million from Goldman Sachs. Raisin announced its intent to cross the Atlantic this past May and enter the US market. Raisin is a Fintech that enables savers to… Read More

Goldman Sachs May Launch Stablecoin as Libra Schools Old Finance in Innovation

Facebook’s Libra coin, a stablecoin crypto, may eventually falter and fail. It will take some time for Libra to get its digital sea legs or not. But whether or not you are a Libra fan or detractor, old finance is standing up and taking notice…. Read More

Goldman Sachs CEO Says They Get No Credit for Digital Bank Marcus

Goldman Sachs (NYSE:GS) CEO David Salomon reportedly told an audience last week that his company is getting zero credit for its digital bank startup Marcus. “If we were out in Silicon Valley and made 20% of the progress that we’ve made, we would get a… Read More

Money Management App Money Dashboard Announces Integration with Revolut, Chip and Marcus by Goldman Sachs

Money Dashboard, a UK-based online personal financial management service, announced on Tuesday it has released integrations with three new account providers – Revolut, Chip, and Marcus by Goldman Sachs. According to Money Dashboard, the integrations help consumers track spending and progress towards their savings goals in real time…. Read More

Digital Bank Marcus UK Tops 250,000 Customers, £8 Billion in Deposits

A report in Yahoo Finance indicates that Marcus, Goldman Sachs’ digital only challenger bank, is doing quite well in the United Kingdom. Des McDaid, the Managing Director for Marcus in the UK, stated: “We’ve passed a quarter of a million customers and just over £8bn… Read More

Goldman Sachs is Betting Big on Fintech

While most of the headlines covering Goldman Sachs’ (NYSE:GS) Q1 earnings report targeted the decline in earnings and profit, for investors that tuned in to the earnings call they were able to learn more about Goldman’s transformation into a financial services firm of the future…. Read More

Apple and Goldman Sachs to Partner on Credit Card Linked to iPhone Wallet

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

Business Financial Management App Nav Secures $44 Million During Series C Funding Round Led By Goldman Sachs

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

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