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Marcus by Goldman Sachs Announces Acquisition of Clarity Money

: Following the 2008 financial crisis, new regulations pushed Goldman Sachs to seek more stable revenue streams. In 2016, the firm launched Marcus to disrupt the fintech space by combining 150 years of financial expertise with a modern digital interface. marcus.com

: By 2017, Marcus had already lent $2 billion to customers, outpacing many established online lenders. Marcus by Goldman Sachs Announces Acquisition of Clarity

: The platform was named after Marcus Goldman , the German immigrant who founded Goldman Sachs in 1869. marcus.com

: It started with high-yield savings accounts and no-fee personal loans, quickly gaining a reputation for competitive interest rates. 2. Rapid Growth and High Ambitions