Category: Banks
Goldman Sachs leads $23M in funding for Brazilian e-commerce startup Olist
Olist, a Brazilian e-commerce marketplace integrator, has raised $23 million in a Series D round extension led by new investor Goldman Sachs Asset Management that brings its total Series D financing to $80 million. Existing backer Redpoint Ventures, which first put money in Olist in 2015, also participated in the…
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Mobile-first bank Simple is shutting down
One of the first-ever mobile-first banks is shutting down. After an email notice started to circulate on Twitter earlier in the day, a spokesperson for BBVA confirmed to Engadget the company plans to shutter Simple. The move is part of an ongoing eff… Source
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Goldman Sachs predicts brutal second quarter as unemployment spikes above 2 million
Even as the Trump Administration calls for states to not release unemployment data for the month of March, Goldman Sachs on Thursday issued its own predictions on the jobs market and the broader health of the U.S. economy on Friday. The financial services giant is predicting unemployment claims to spike…
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