Posts tagged United Capital
Unlocking Demand-side growth with Square's payment network and Goldman's GreenSky acquisition
Unlocking Demand-side growth with Square's payment network and Goldman's GreenSky acquisition

Square upgrades Cash App into a payment processing powerhouse, completing the loop between the consumer and merchant side of the house. Goldman Sachs acquires GreenSky, adding a lending business at the point of intent. This analysis connects these symptoms into a framework explaining the increasing integration between commerce and finance, and the increasing role that demand generation plays. That in turn explains how the attention and creator economies interconnect with financial services.

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paytech, digital lending, neobank, social & community, big techLex SokolinSquare, Goldman Sachs, GreenSky, Google, Tidal, United Capital, Visa, MasterCard, Ant Financial, Mass Mutual, TikTok
Goldman is trying to build a Fintech powerhouse, and this is how they should do it
Goldman is trying to build a Fintech powerhouse, and this is how they should do it

This week, we put on the Goldman hat and go shopping for companies. We buy a little bit of Folio and sell some Motif. We look at Personal Capital and the $1 billion it wants for its $12 billion of assets. We examine the private markets with Addepar / iCapital and SharesPost / Forge, and then move over to the banking sector. Should we buy Wells Fargo, as rumored, or some digital wallet apps? Read on for how to acquire a best-in-class Fintech.

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acquisition, digital investing, digital lending, digital transformation, financial advisors, neobank, roboadvisorLex SokolinGoldman Sachs, Monzo, United Capital, Motif Investing, FolioFn, Schwab, Fidelity, BNY Mellon / Pershing, Marcus, Honest Dollar, Clarity Money, Morgan Stanley, eTrade, Personal Capital, Yodlee, Sharespost, Forge, Addepar, iCapital, Artivest, Square
Goldman pays $750M for wealth platform United Capital, Jefferies gives blockchain-lender Figure $1B
Goldman pays $750M for wealth platform United Capital, Jefferies gives blockchain-lender Figure $1B

Two things are on my mind: (1) the acquisition of United Capital by Goldman Sachs, and (2) Mike Cagney's Figure securing a $1 billion funding line from Jefferies and WSFS for blockchain-tracked home equity loans. Both are outcomes of complex, interesting, somewhat unexpected processes -- and both are examples of demand-driven market expansion. Let me highlight that again. Both of these are consumer-centric developments, and not product-driven developments, which goes to the core of the problem in the financial services industry.

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enterprise blockchain, digital lending, marketing, financial advisors, acquisition, funding roundLex SokolinGoldman Sachs, Figure, United Capital, Dynasty Financial, Vestwell, Marcus