Goldman Sachs has agreed to purchase fintech startup firm Final, as a part of its efforts to expand in retail-banking products. Terms of the transaction were not disclosed.
Oakland-based Final is a credit card service, which announced that it would close its card portfolio back in December. As a part of the deal, Goldman will be acquiring Final’s engineers and product managers, as well as Final CEO Aaron Frank, according to a post by Fast Company.
Whether the team will be plugged into Goldman Sach’s retail lending arm, Marcus, is unclear. However, in Goldman Sachs has previously expressed its intentions of using Marcus as a foundation to build its retail banking products and offerings.
Read more at Fast Company and Pymnts.
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