20 April 2023

Goldman Sachs considers sale of GreenSky

Written By FinTech Alliance in FinTech

Goldman Sachs considers sale of GreenSky

FinTech unit may be sold in move to scale down retail ambitions

IN BRIEF:

Goldman’s CEO has announced the bank is exploring its sale

Greensky was acquired by Goldman in September 2021 in a $2.24bn stock deal

Goldman has already announced plans to sell parts of Marcus in February

What does this mean?

CEO David Solomon described GreenSky as a “good business”, but “given our current strategic priorities...we may not be the best long-term holder of this business.”

Read more here.

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