Clarity Money, the personal financial management app, has been acquired by Marcus by Goldman Sachs, the personal loan and savings app. Terms of the acquisition were not disclosed. “As part of the Marcus family, we’ll continue to deliver the great service and features you’ve come to expect from us. And our app will remain 100% free to use. Only now, we’re joining a leading financial services institution, which has the resources to help us maximize our potential at an even greater scale,” remarked Clarity Money CEO Adam Dell.
Founded by Hossein Azari, Matt Jacobs, and Dell in 2016, Clarity Money had raised a total of $14.5M in funding over two rounds. Its backers include SV Angel, Bessemer Venture Partners, RRE Ventures, ff Venture Capital, Maveron, Sherpa Capital, New York Angels, Citi Ventures, Abstract Ventures, Soros Fund Management, Next Coast Ventures, Muse Capital, Muse Capital, Automation Ventures, and Wisdom VC.