GreenSky is the third most valuable fintech company in America; managed by David Zalik it provides a unique lending service with a business model scalable to diverse industries; currently focused on home remodeling contractors it offers fast approvals for borrowers with support by phone, website or mobile app; Forbes provides more details on David Zalik, the evolution of the business and its future aspirations. Source
GreenSky offers a unique type of point of sale financing and has just closed a $200 million round. Source
Most people know loanDepot as one of the largest non-bank lenders. It was almost a year ago now that we...
One of the quiet achievers in fintech is a company called GreenSky. They have flown under the radar for years...
GreenSky is a company that has flown under the radar for years. The Atlanta-based company has built a wildly successful...
In PeerIQ’s Weekly Industry Update they cover job growth numbers, the Fed’s planned rate rises and more fintech related stories that ended 2017; OneMain Financial received backing from Apollo Global Management and Värde Partners; GreenSky and MoneyLion completed fundraising’s; new regulation news coming out of Indiana that would cap the personal loan interest rates. Source.
Recent research shows that younger consumers are uncomfortable with carrying credit card balances; consumers are more comfortable with products like personal loans that are more transparent and easier to understand; there has been an increased interest in point of sale financing; one company driving this trend is GreenSky which partners with banks to fund loans; the proportion of consumer loans going to point of sale financing has increased significantly at banks that partner with GreenSky including Regions, Synovus and Fifth Third. Source
The latest fintech IPO is likely to be GreenSky which focuses on point of sale finance. Source
GreenSky’s IPO could price as soon as Wednesday and may pave the way for other fintech IPOs going forward; the...