Google To Invest in Symphony, Values Firm at $650 Million, Reports Say
A Wall Street Journal Story reports Google is planning on investing in Symphony during its latest round of funding.
The Wall Street Journal first reported the news, stating the technology giant values Symphony at approximately $650 million. If true, Google will join a group of investors that includes some of the biggest Wall Street banks.
When reached for comment, a spokesperson for Symphony told Waters it is the firm's policy to not comment on rumors or speculation.
October 5th marked Symphony’s one-year anniversary. The fintech has spent plenty of time in the news over the past 12 months. There have been acquisitions, partnerships and inquiries from senators.
In regards to the latter, on August 10th US Senator Elizabeth Warren notified six government agencies she had questions whether Symphony was fully compliant with recordkeeping regulations.
Symphony for Enterprise and Business package has been live since August 3. On September 15 Symphony had its full roll out and announced content partnerships with Dow Jones, McGraw Hill Financial and Selerity.
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