Post Tagged with: "Goldman Sachs"

Marcus by Goldman Sachs: The Digital Shift from Wall Street to Main Street [SPONSORED]

Marcus by Goldman Sachs: The Digital Shift from Wall Street to Main Street [SPONSORED]

by December 2, 2016 at 11:07 am 1 comment

The personal lending space in the United States, conservatively estimated to be around $3 trillion in 2016, is seeing continued disruption. One of the latest innovative offerings in the lending space comes from a traditional investment bank: Goldman Sachs has looked to expand its presence in the retail banking spaceRead More

Will Stripe’s New Funding Lead to an IPO?

Will Stripe’s New Funding Lead to an IPO?

by November 28, 2016 at 3:40 pm 1 comment

Digital payments startup Stripe, begun back in 2000 by a pair of Irish brothers, has just raised new funding that values the company at just over $9 billion—and incidentally makes its founders the youngest billionaires in Ireland. In all, $150 million in new capital was raised. This brings the company’sRead More

Santander Follows Goldman’s Lead, Drops Out of R3 Blockchain Group

Santander Follows Goldman’s Lead, Drops Out of R3 Blockchain Group

by November 23, 2016 at 10:27 am 2 comments

Banco Santander has also dropped out of the R3 CEV Blockchain Group. This news follows yesterday’s news that Goldman Sachs, one of the group’s original founders, chose not to renew its membership or invest further in the consortium. Goldman’s move was potentially motivated by a conflict regarding fundraising terms, accordingRead More

Goldman Sachs Leaves R3CEV Consortium — But Stays in Blockchain

Goldman Sachs Leaves R3CEV Consortium — But Stays in Blockchain

by November 21, 2016 at 12:30 pm 0 comments

The R3CEV blockchain consortium will lose one of its founding banks as it continues to explore blockchain in the new year. Goldman Sachs has chosen not to continue working with the group despite its previous participation as one of nine founding banks back when R3 was founded two years ago.Read More

Goldman Sachs Posts First Consumer Ad for Marcus [VIDEO]

Goldman Sachs Posts First Consumer Ad for Marcus [VIDEO]

by November 17, 2016 at 12:50 pm 1 comment

Debt happens, guys–that’s the message from Goldman Sachs’s new consumer advertisement for its much-talked about new consumer lending arm, Marcus. It’s also Goldman’s first advertising campaign… ever. Marcus’s goal, like all consumer lending arms, is to provide consumer loans. However, most consumer lending arms are not backed by banks thatRead More

Payments Platform NanoPay Raises $10M, Led by Goldman Sachs

Payments Platform NanoPay Raises $10M, Led by Goldman Sachs

by October 27, 2016 at 11:54 am 1 comment

Toronto-based payments platform nanoPay announced yesterday that it has raised $10 million in a Series A round in order to expand its business and offerings, most notably its open API platform, MintChip. MintChip was developed by the Royal Canadian Mint in 2012 and shuttered in 2014. In January 2016, the project wasRead More

Lantern Credit Partners with Plaid for Realtime Credit Monitoring

Lantern Credit Partners with Plaid for Realtime Credit Monitoring

by October 20, 2016 at 4:55 pm 1 comment

There are quite a few startups that market themselves as companies increasing financial literacy and safeguarding customers’ financial health, but there aren’t many of them that keep watch on a user’s credit score in realtime. And even fewer will allow users to take action directly from the app to improve that score. LanternRead More

The Code to the Kingdom: Goldman Sachs Lending Arm Marcus Opens Its Doors

The Code to the Kingdom: Goldman Sachs Lending Arm Marcus Opens Its Doors

by October 14, 2016 at 9:45 am 0 comments

Remember Marcus, the online lending service Goldman Sachs was launching? Well, it’s officially opened… kind of. Applications are accepted so long as you are a client who has received a code by mail offer by the bank, has input the code, and slipped through the golden gates to apply. As we’ve discussedRead More

Marcus Will Succeed Despite — Or Because of — Goldman Sachs

Marcus Will Succeed Despite — Or Because of — Goldman Sachs

by August 24, 2016 at 2:35 pm 2 comments

As reported last week, Goldman Sachs just announced the creation of a new retail lending arm to launch in October, named Marcus after one of its founders. No one is really all that concerned about whether or not Marcus will be able to do its job— it’s Goldman Sachs after all, and has access to soRead More

Goldman Sachs Takes on Marketplace Lending with Marcus

Goldman Sachs Takes on Marketplace Lending with Marcus

by August 19, 2016 at 1:27 pm 3 comments

Today it was revealed that banking giant Goldman Sachs will be launching an online retail lending operation called Marcus, after founder Marcus Goldman, as reported by the New York Times, The operation will likely roll out this October, and will start by offering small consumer loans from $15,000 to $20,000. This follows the launch of GSRead More