In the year 2006, GreenSky was founded as a financial technology company situated in Atlanta, Georgia. David Zalik founded the company. At the time of its founding, Zalik was only 14 years of age. The firm’s clients usually range from banks, insurance companies, and other financial institutions. The firm is a money-lender to be specific. Federally insured institutions recognize it as a legit and chartered financial institution. The Corporation is exclusive in its way, as it does not lend money from its ventures, unlike other money-lending firms. It gets its initial capital from other banks after signing a partnership bond, eventually making it a lending club corporation. What GreenSky does is to lend money towards consumer projects that apply specific periods of repayment at a speculated interest rate.
As per GreenSky’s company books, it is valued at $3.6 billion as of September 2016. Its competitors include; TRG, Wellington Management, QED investors and many others. According to the Wall Street Journal, the firm is among the most valuable financial lending startups for the longest time that has ever been recorded. The company’s CEO and co-founder, David Zalik are among the most successful leaders in the money-lending and credit management business.
The current workforce at the firm stands at 670 employees. This increment came about in 2014 with an addition of 350 employees. The CEO of GreenSky leads the company together with his vice chair, Gerry Benjamin and Tim Kaliban who holds the office of the president and chief risk officer. The firm has helped small consumer projects by growing its client fan base especially by going a step ahead and introducing online platforms. GreenSky’s mission statement is to make an impact through advocacy, enthusiasm, and integrity. So far, this has been the guideline to the success and the extensive margin created against its competition. All one needs to register at GreenSky is to fill a form and present it to the company’s official website. Afterwards, they choose their preferred rate and apply for the loan. The loan can be repaid later as a lump sum or in the form of instalments over the agreed period.