Goldman Sachs Looks to Invest in Unhyped Fintech Companies

Fintech companies around the world are receiving huge funding rounds at sky high valuations; Goldman Sachs’ Principal Strategic Investments Group (PSI) prefers to stay away from such overhyped companies; they have recently invested in small business credit information provider Nav and robo investor Nutmeg; The PSI group was started in 1999 and now has more than $1 billion worth of stakes in companies around the world; PSI converts about 2% or 3% of the companies it looks at into investments. Source.

  • Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.