Fintech companies around the world are receiving huge funding rounds at sky high valuations; Goldman Sachs’ Principal Strategic Investments Group (PSI) prefers to stay away from such overhyped companies; they have recently invested in small business credit information provider Nav and robo investor Nutmeg; The PSI group was started in 1999 and now has more than $1 billion worth of stakes in companies around the world; PSI converts about 2% or 3% of the companies it looks at into investments. Source.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.