JPMorgan CEO Jamie Dimon. Since 2012, Goldman Sachs, Citi, and JPMorgan are the US banks that have made the most investments in fintechs.
- Goldman Sachs, Citi, and JPMorgan have been the most active US banks in fintech investing since 2012, according to CB Insights data.
- The trio have invested in a total of 22 startups so far this year.
- Click here for more BI Prime stories.
It has been a busy year for fintech investing as money continues to pour into the space. But it's not just venture capital firms making big bets - three of Wall Street's largest members are also in on the action.
Since 2012, Goldman Sachs, Citi, and JPMorgan are the US banks that have made the most investments in fintechs, according to data from CB Insights. This year proved no different, with the trio investing in 22 fintechs so far.
The banks' interest should come as no surprise. Goldman and Citi both run separate investment arms for such deals - Goldman Sachs Strategic Investments and Citi Ventures. And JPMorgan has the largest reported tech budget of US banks at $11.4 billion in 2019.
And while all three aggressively pursue fintechs, their approaches vary.
In 2019, Goldman Sachs showed significant interest in real estate and wealth management, making three deals in each space. JPMorgan has leaned heavily into accounting and tax, funding three startups in that area. Meanwhile, Citi's investments are spread more evenly, touching everything from payments and financial charting to data aggregation.
Find the list below of the startups Wall Street's three biggest players have put money into this year.
Get the latest Goldman Sachs stock price here.