Marcus by Goldman Sachs® Announces Acquisition of Clarity Money
April 15 2018 - 06:40PM
Business Wire
Goldman Sachs Bank USA (“GS Bank”) has completed the acquisition
of Clarity Money and is delighted to welcome its over one million
customers to Marcus. Clarity Money is a leading app that helps
consumers better manage their personal finances by harnessing the
power of machine learning and intuitive design to provide
actionable insights.
The acquisition of Clarity Money is integral to Marcus’ vision
of creating the leading platform for millions of consumers to take
control of their financial lives – offering personalized products
to save and borrow, that are simple, transparent and always on the
side of the customer. The acquisition expands Marcus’ products and
services to help consumers make smarter financial decisions.
Clarity Money is free to use and over time will be branded Marcus
by Goldman Sachs®.
“Consumers want a better way to manage their finances,” said
Stephen Scherr, Chief Executive Officer of GS Bank and Head of the
Consumer & Commercial Banking Division. “Clarity Money has
pioneered a consumer-centric approach to personal finance that will
help Marcus continue to put power in the hands of consumers.”
Marcus also welcomed Clarity Money’s team of engineers,
designers and marketers, led by its Founder and Chief Executive
Officer, Adam Dell, who will join Goldman Sachs as a partner. Adam
will continue to lead Clarity Money, and will play an active role
on the Marcus senior management team, reporting to Harit Talwar,
Head of Digital Finance, and Omer Ismail, Chief Commercial Officer
of Digital Finance.
“We started Clarity Money to help people make better financial
decisions,” said Adam Dell. “I am extremely impressed with the
Marcus team and their commitment to transforming financial services
for the benefit of the consumer.”
For more information about the acquisition, visit
claritymoney.com/marcus.
About Goldman Sachs Bank USA
GS Bank is a New York State-chartered bank that is a
wholly-owned, direct subsidiary of The Goldman Sachs Group, Inc. GS
Bank is a member of the FDIC and Federal Reserve System and is
subject to the regulation and supervision of the Federal Reserve,
the New York State Department of Financial Services and the
Consumer Financial Protection Bureau. The Goldman Sachs Group, Inc.
is a leading global financial services firm founded in 1869 and
headquartered in New York.
About Marcus by Goldman Sachs®
Marcus by Goldman Sachs® offers products and tools
designed to help people achieve financial well-being. Marcus offers
no-fee, fixed-rate unsecured personal loans, including home
improvement loans, high-yield online savings accounts and
certificates of deposit in a variety of terms. Marcus is supported
by The Goldman Sachs Group, Inc. (NYSE:GS) and its 148-year history
of financial expertise, risk management and customer service. For
more information please visit www.marcus.com.
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For Goldman Sachs Bank USA:Andrew Williams, 212-902-5400
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