February 15, 2018
Marcus by GS has been one of the most famous and successful responses of a large financial institution to the rise of online lending platforms, and for good reason. In the presentation to Credit Suisse published this Tuesday, Marcus was reported to have lent out $2.3 billion as of December 2017, which is $300 million more than the mid-November number of $2 billion.
More importantly, Marcus has all the chances in the world to leave any startup competition in the dust with access to $17 billion in deposits as of December 2017. That’s $8 billion more that it had in April 2016.