How does GreenSky Credit Operate?

The company was founded in the year 2006. Its founder and the current CEO is known as David Zalik. Its headquarters are located in Atlanta, Georgia. However, they have another call center situated in Covington, Kentucky. Currently, GreenSky credit is among the leading companies in the US. GreenSky Credit offers financial technology services. It provides the technical assistance for merchants and banks. The company provides the services of availing loans to all its consumers for other essential activities like solar solutions, healthcare and home improvement purposes. GreenSky does not operate from its capital. Instead, its programs are steered from state-chartered, federally-insured and federal financial institutions. Over $8 billion has been lent through the GreenSky Credit organization.

The company is managed by David Zalik. David says that so far they have registered positive results. The company has been able to improve the lives of its customers. It has been able to transform small organizations into middle-sized businesses. In 2016, GreenSky had managed to raise $50 million in capital and later established a $ 2billion lend strategy with Fifth Third Bancorp that is located in Cincinnati, Ohio. Other investors associated with the company include DST Global, QED Investors, Wellington Management and Iconic Capital.

In 2016, valuation conducted indicated that GreenSky Credit was the most valuable privately owned financial technology company. This valuation was done by the street journal. David Zalik cleared rumours saying that there were no plans for a public offering. The company is made up of a team that is dedicated and focused on scaling the organization to higher heights. The staff has contributed to offering solutions to the many customers that visit the company making their lives better. They have been able to process answers promptly seeing that the whole procedure required to make a loan is short and precise. This way, customers can quickly register, get a congratulation text and later head to attend to other issues.

So far the company is working with over 17,000 retailers. However, they are aiming at increasing the number. To date, the company has been able to handle over $8 billion in credit. The company is not backing down. Instead, it’s now aiming to do $1 trillion.

https://www.bloomberg.com/news/articles/2016-09-26/instant-lending-made-this-college-dropout-a-billionaire