Search Results for "Goldman Sachs"
20 results for "Goldman Sachs"
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Fifth Third Bank's Newline Partners with Stripe to Power Treasury
Fifth Third Bank announced that its Newline™ embedded payments platform will serve as the banking backend for Stripe Treasury. The partnership enables software platforms using Stripe to offer embedded financial accounts, payments, cards, and deposits. This replaces Stripe's prior Treasury relationships with Evolve Bank & Trust and Goldman Sachs, signaling a shift toward a more compliance-focused BaaS infrastructure.
FIS Acquires BaaS Startup Bond to Bolster Embedded Finance
FIS completed the acquisition of Bond, a Banking-as-a-Service startup founded in 2019, for an undisclosed sum. Bond had previously raised $42 million in total funding and was valued at $182 million during its 2020 Series A. FIS described the deal as a strategic move to close a gap in its embedded finance capabilities. The acquisition brings experienced BaaS professionals into FIS's organization.
AccessFintech Raises Series C Led by WestCap with BNP Paribas Investment
AccessFintech closed a Series C funding round led by WestCap, with strategic investment from BNP Paribas Securities Services. The capital markets fintech provides collaborative data management and post-trade workflow services. The round will accelerate growth and expansion into new markets, building on backing from major banks including JPMorgan, Goldman Sachs, Citi, Bank of America, and BNY Mellon.
Modern Treasury and Goldman Sachs Partner on Integrated Payments for Corporates
Modern Treasury and Goldman Sachs partnered to provide integrated software and payments solutions to corporate customers. The collaboration targets mid-market companies seeking embedded finance access. It combines Modern Treasury's payment operations platform with Goldman Sachs' transaction banking capabilities.
Bond Financial Technologies Partners with Evolve Bank & Trust for BaaS
Bond Financial Technologies partnered with Evolve Bank & Trust to expand its Banking-as-a-Service offerings, adding debit and credit card capabilities. Bond had raised $42 million in total funding from investors including Mastercard and Goldman Sachs. The partnership strengthens Bond's embedded finance toolkit for fintech clients.
Goldman Sachs Acquires Consumer Lending Fintech GreenSky for $2.24B
Goldman Sachs announced the acquisition of GreenSky, a fintech platform facilitating consumer home improvement loans, for approximately $2.24 billion. The deal strengthens Goldman's embedded lending capabilities via its Marcus consumer banking division. This represents a major bank acquiring a fintech lending platform to deepen its embedded finance offerings.
Amount Raises $99M Series D at $1B+ Valuation to Power Bank Digitization
Chicago-based banking infrastructure provider Amount raised $99 million in Series D funding, achieving unicorn status. The round was led by WestCap with participation from Goldman Sachs, Hanaco Ventures, Invus Opportunities, and Barclays Principal Investments. Amount provides APIs and enterprise software helping banks compete with fintechs in retail lending and BNPL.
Goldman Sachs-Backed Deserve Launches Digital-First Credit Card Platform
Deserve launched a digital-first credit card software platform targeting embedded finance use cases. The API-driven platform enables clients to issue cards digitally and embed spend management and rewards features within their own apps. Deserve already powers credit cards for Sallie Mae, BlockFi, and OppFi.
AccessFintech's Bank-Backed Data Platform Spotlighted for 2021 Growth
AccessFintech, a data-sharing platform for capital markets backed by Goldman Sachs and J.P. Morgan with $37.5 million in total funding, was highlighted as a 2021 standout. The platform reduces costs and risks in trading data reconciliation. Its bank-backed model exemplifies bank-fintech partnership infrastructure.
Stripe Launches Treasury Embedded Banking-as-a-Service for Platforms
Stripe launched Stripe Treasury, an embedded business banking API enabling platforms to offer BaaS services to their users. The product partners with Evolve Bank & Trust, Goldman Sachs, Citibank, and Barclays. This marks a significant step in integrating financial services directly into non-bank platforms without Stripe becoming a bank itself.
Amount Raises $81M Series C to Power Digital Banking for Financial Institutions
Amount, a US-based fintech, raised $81 million in a Series C round led by Goldman Sachs Growth. The company provides technology solutions that enable financial institutions to enhance their digital consumer banking experiences. The round brought Amount's total 2020 fundraising to nearly $140 million.
Volante Technologies Powers Goldman Sachs Transaction Banking Platform Launch
Volante Technologies partnered with Goldman Sachs to power its new Transaction Banking Platform, launched September 23, 2020. The cloud-native, API-enabled platform offers payments processing (U.S. wires, ACH, SWIFT), virtual accounts, liquidity management, and FX. Volante itself became a client of the platform, underscoring the depth of the partnership.
Bond Financial Technologies Raises $32M Series A for BaaS Platform
Bond Financial Technologies, a BaaS platform enabling sponsor banks to onboard and scale brand partners, raised $32 million in Series A funding. The round was led by Coatue with participation from Goldman Sachs and Mastercard. The investment positions Bond to help banks navigate credit losses and low interest rates through fintech partnerships.
Goldman Sachs Provides Lines of Credit to Amazon Merchants via Automated Platform
Goldman Sachs partnered with Amazon to offer lines of credit up to $1 million to Amazon merchants through an automated lending platform. The deal represents a significant embedded finance arrangement where Goldman provides banking services directly within Amazon's marketplace ecosystem. This marks a major step in bank-powered embedded lending for e-commerce.
Neptune Networks Raises $15M From 13 Major Global Banks
Neptune Networks, a bond market data platform, closed a $15 million funding round backed by 13 major banks including Goldman Sachs, J.P. Morgan, and Citi. The platform provides real-time axe and inventory data via API connectivity. The investment signals banks' commitment to embedded financial data infrastructure.
Goldman Sachs Launches MarcusPay Point-of-Sale Financing
Goldman Sachs launched MarcusPay, a point-of-sale financing product, as part of its embedded finance strategy. The product represented a major Wall Street bank entering the BaaS-adjacent POS lending space. The launch signaled Goldman's broader ambitions in consumer and embedded financial services.
Flywire Raises $120M Series E Led by Goldman Sachs, Achieves Unicorn Status
Payments platform Flywire secured $120 million in Series E funding led by Goldman Sachs, achieving a valuation exceeding $1 billion. The funding supports multi-vertical expansion and follows the acquisition of healthcare payments firm Simplee. Flywire provides embedded payment processing across education, healthcare, and travel verticals.
Bud Raises $20M Series A with Goldman Sachs Participation
Bud, a fintech platform providing APIs to connect bank data to applications, raised $20 million in Series A funding with Goldman Sachs among the investors. The deal highlights growing institutional interest in open banking infrastructure and data connectivity solutions that underpin embedded finance.
UK Fintech Bud Raises $20M to Connect Banks with Fintechs
Bud, a UK-based fintech platform that connects banks to fintechs and financial service providers, raised $20 million in a Series A round. Investors included HSBC, Goldman Sachs, ANZ, Investec's INVC fund, InnoCells (Banco Sabadell's venture arm), Lord Fink, and 9Yards Capital. The funding supports Bud's pivot from a consumer app to an open banking platform helping banks comply with PSD2 regulations.
Tradeshift Raises $250M Series E for Supply Chain Payments Platform
Tradeshift raised $250M in Series E funding led by Goldman Sachs and PSP Investments, reaching a $1.1B valuation. The API-driven supply chain payments marketplace had raised over $400M total. Funds support global expansion, platform growth, and investments in blockchain and AI capabilities.