Goldman Sachs Investment Partners has led a $44 million funding round in Plaid Technologies, a platform that lets the likes of Venmo and Transferwise connect with their users' bank accounts.
The use of blockchain technology for clearing and settlement in the cash equities market could save banks around the world $6 billion a year, mainly through lower headcounts and back office IT costs, according to a Goldman Sachs report.
Goldman Sachs is looking to expand its customer-base beyond the super-rich through the launch of an online retail bank where average Americans can open a savings account with just a $1 deposit.
Goldman Sachs announced that Goldman Sachs Bank USA (“GS Bank”) has acquired the online deposit platform of GE Capital Bank (“GECB”), and assumed approximately $16 billion of deposits.
Persado, a self-styled "cognitive content generation platform" for digital marketing, has raised $30 million in a Series C funding round led by Goldman Sachs.
M_Service, the operator of Vietnamese mobile money outfit MoMo, has raised $28 million in funding from Goldman Sachs and the private equity arm of Standard Chartered.
The Investment Management Division of Goldman Sachs has agreed to acquire Honest Dollar, a web and mobile-based retirement savings platform, as part of an effort to serve the approximately 45 million Americans who do not have access to employer-sponsored retirement plans.
Qubit, the pioneer in delivering data-first customer experiences, today announces a $40m Series C investment led by Goldman Sachs Merchant Banking Division, with participation from Sapphire Ventures, and previous investors Accel and Salesforce Ventures.
Goldman Sachs has led a $25 million Series C equity financing round in Zoomdata, a supplier of fast visual analytics for real-time streaming and historical data.
Goldman Sachs and IBM have jumped aboard Digital Asset Holdings' recent investment round, taking the blockchain startup's haul to more than $60 million.
© Finextra Research 2016