Goldman Sachs loves investing in “unloved” fintech firms
29 March 2019 8:53 AM IST
"We are not uniquely seduced by the trendier parts of fintech," says the head of the Wall Street bank's unit that invests in tech startups.
- Goldman Sachs, in addition to running one of the world's storied investment banks, is also an avid investor in financial startups.
- The Wall Street bank's Principal Strategic Investments Group (PSI) bought stakes this year in Nav, a startup that provides credit score information for small businesses, and robo-investor Nutmeg.
- "We are not uniquely seduced by the trendier parts of fintech," said Rana Yared, 35, a partner at the bank who runs PSI's New York and London teams.
- Other banks including Citigroup, Credit Suisse, JPMorgan, Goldman Sachs, UBS, and RBS have also invested in Tradeweb.
- Its new unit will provide merchants with a set of payment services (paywall) like digital wallets, credit cards, and direct transfers to bank accounts.
Next Story
