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Goldman pays $750M for wealth platform United Capital, Jefferies gives blockchain-lender Figure $1B
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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

Fintech Nexus Staff·
acquisitiondigital lendingenterprise blockchainfinancial advisorsfunding roundmarketing
·May. 20, 2019·1 min read

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.

  • Fintech Nexus Staff
    Fintech Nexus Staff

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Dynasty FinancialFigureGoldman SachsMarcusUnited CapitalVestwell
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