Tagged: goldman sachs

January 15, 2020 @ 8:49 am By JD Alois  |  

Goldman Sachs (NYSE:GS) is out with Q4 earnings reporting good topline numbers with a miss on the bottom line. Shares are trading marginally lower in pre-market activity. Goldman’s net revenues for the year ending December 31st came in at $36.55 billion with net earnings of… Read More

January 13, 2020 @ 2:26 pm By Samantha Hurst  |  

Goldman Sachs (NYSE: GS) has launched a mobile app for its digital banking service, Marcus.  The fact that such a prominent entrant into the digital bank sector has existed minus an App has long been a shortcoming of the Fintech. Goldman Sachs spokeswoman, Kristen Greco,… Read More

January 7, 2020 @ 3:01 pm By JD Alois  |  

Goldman Sachs  (NYSE: GS), the leading global investment bank, will be segmenting out its business operations in the upcoming Q4 earnings report scheduled for January 15, 2020. This will include breaking out its emerging consumer division, a portion of its business that includes its digital… Read More

December 28, 2019 @ 11:33 am By Timothy Li  |  

Part 2 of a series of articles covering the fast-emerging Fintech ecosystem in Latin America. As sessions continue at the inaugural FinnoSummit by LendIt Fintech in December, I find myself in a fully packed, standing room only hall buzzing with investors and entrepreneurs. The excitement… Read More

December 19, 2019 @ 2:28 pm By Samantha Hurst  |  

ZestMoney, an India-based fintech, announced this week it secured $15 million through its Series B investment round, which was led by Goldman Sachs with participation from Naspers Fintech, Quona Capital, and Omidyar Network. Founded in 2015, ZestMoney stated that it helps everyone “live their dream… Read More

December 9, 2019 @ 2:05 pm By Samantha Hurst  |  

AccessFintech, a UK-based fintech firm, announced on Monday it has formed a partnership with Citi, Credit Suisse, Goldman Sachs and JP Morgan. According to AccessFintech, Citi, Credit Suisse, Goldman Sachs, and J.P. Morgan have jointly launched a collaboration workflow utilizing the network to focus on… Read More

November 16, 2019 @ 11:14 am By Omar Faridi  |  

Payment software firm Bill.com is planning to raise $100 million through an initial public offering (IPO), according to a recent filing with the US Securities and Exchange Commission (SEC). Established in 2006 by PayCycle co-founder René Lacerte, Bill.com provides cloud-based business payments and offers a… Read More

November 14, 2019 @ 8:28 am By Omar Faridi  |  

New York-based investment bank Goldman Sachs’ consumer banking division, Marcus, is reportedly expanding its operations to include investment-related services in the UK. Marcus is introducing a new stock trading and ISA vehicle, which will be supported by digital wealth manager Nutmeg. The ISA will be… Read More

November 11, 2019 @ 9:20 pm By JD Alois  |  

Goldman Sachs Bank took to Twitter once again to address the ongoing allegations of gender bias in regards to the issuance of the Apple Card. The Twitterati blew up last week as multiple Apple Card users claimed that gender was a factor in allocating credit… Read More

November 11, 2019 @ 7:32 am By JD Alois  |  

This past weekend, Crowdfund Insider reported on the growing cacophony of accusations that individuals applying for an Apple Card (NASDAQ:AAPL), issued by Goldman Sachs (NYSE:GS), were receiving lower credit limits based on gender. The entire dust-up was spawned by a series of tweets from David… Read More

November 10, 2019 @ 1:58 pm By JD Alois  |  

The relatively new Apple Card (NASDAQ:AAPL), issued by Goldman Sachs (NYSE:GS), is receiving some unwanted regulatory scrutiny from the New York Department of Financial Services (DFS). A series of tweets from David Heinemeier Hansson, the creator of Ruby on Rails and CTO of Basecamp, noted… Read More

November 6, 2019 @ 3:05 pm By Omar Faridi  |  

California-based Deserve, a Fintech firm that provides fair credit products for young consumers and a cloud-based credit card platform for companies, raised $50 million through a funding round led by giant Wall Street investment bank Goldman Sachs.  Deserve’s latest investment round also included contributions from… Read More

November 2, 2019 @ 1:48 pm By JD Alois  |  

A report published by Bloomberg yesterday states that Goldman Sachs (NYSE:GS) has extended $10 billion in credit and 736 million in loan balances pertaining to the Apple Card, as of September 30th. The same report also states that following the rollout of the Apple Card,… Read More

October 24, 2019 @ 1:58 pm By JD Alois  |  

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

October 15, 2019 @ 9:17 am By JD Alois  |  

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

October 8, 2019 @ 8:17 am By Omar Faridi  |  

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

September 8, 2019 @ 10:22 am By Omar Faridi  |  

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

August 29, 2019 @ 8:50 pm By Samantha Hurst  |  

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

August 22, 2019 @ 8:39 am By JD Alois  |  

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

August 20, 2019 @ 3:52 pm By Samantha Hurst  |  

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