Goldman Buys Finance App Clarity Money

4/16/18

By Yoel Minkoff, SeekingAlpha

Acquiring a mobile storefront for its growing consumer bank, Goldman Sachs (NYSE:GS) has bought personal finance app Clarity Money.

It's expected to add over 1M customers to the firm's Marcus business, which has originated more than $2.5B online personal loans since 2016.

Adam Dell - brother of Michael Dell - founded Clarity Money and will join Goldman as a partner, a title rarely given to outsiders.

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