Goldman, Citi and JPM Lead US Banks Funding Fintech Cos.

By Philip Rosenstein (August 21, 2019, 10:06 PM EDT) -- Goldman Sachs, Citigroup and J.P. Morgan Chase & Co. have led U.S. banks in fintech investments since 2012, with a particular focus on payments and capital markets, CB Insights outlined in a report.

U.S. banks have been involved in 24 fintech equity deals so far in 2019, following a record 45 deals in 2018, according to a CB Insights report published Tuesday. Goldman Sachs, Citigroup and J.P. Morgan have each been involved in at least two dozen fintech investments since 2012. Goldman Sachs leads the pack with about 70 such investments.

Payments and settlement companies like Square, LevelUp and Marqeta have...

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