Greensky Credit capitalization and Valuation

Greensky Credit was founded in the year 2006. It’s located in the United States of America. The founder of the organization is called David Zalik. The financial technology corporate is located in Atlanta, Georgia. Also, it has another small call center located in Covington, Kentucky. Currently, the organization is valued at $ 3.6 billion. The company is backed up by very influential investors in the world like Fifth Third Bancorp.

Greensky Credit functions as a link between banks and consumers. Over $8 million has been sourced out through Greensky Credit in the form of loans. Currently, the Organization is working with over 1. 2 million customers. The firm has linked and partnered with over 16 banks to see this project a success. Some of the banks that have committed to Greensky Credit are SunTrust Banks and Regional Financial Corporate. According to a valuation made by a particular journal, the startup amount of money that was raised by the organization is around $3.6 billion. The company was supported by various investors around the globe.

David Zalik confirmed that they are working with over 17,000 retailers and merchants.

The company aids the consumers by preparing and offering instant promotional credit. The merchants and retailers, in turn, use the funds for home improvement activities. These activities include healthcare and other solar solutions.

This is how the organization makes, loans for a consumer. They scan the consumers driving license. The ID contains all the vital information that the company requires. The customer doesn’t have to waste precious time queuing in bank halls. Also, the customer doesn’t have to fill in a bunch of information on bank papers. The consumer only needs to fill few numeric data like their Social security number. After the ID process is over, the consumer receives a congratulation message that assures the consumer has been approved for the loan. Later, Greensky Credit’s customer can attend to other matters. David Zalik said the process has been successful because most of the consumers use iPhones. Greensky Credit has so far done $8 billion. It’s aiming at doing over $1 trillion.

https://www.pippinbrothers.com/financing/greensky

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