GreenSky Credit Shoots Up the Rankings to Unicorn Status

Established in 2006, GreenSky Credit is an Atlanta-based financial technology firm. The privately-owned company offers technology services for banks and merchants to provide loans for consumers. Through the company’s credit program, financing is federally-insured. The company has since aided in $10 billion plus in loans for home improvement through a network of 16,000 contractors.

David Zalik is the co-founder and Chief Executive Officer of GreenSky Credit. Serving as CEO since its establishment, he has founded three other companies and been awarded for entrepreneurship. He had founded his first company, Microtech Information Systems, at age 14 while attending college at Auburn University.

David Zalik has recently been featured in Forbes and Bloomberg. Bloomberg highlighted Green CreditSky’s business model of connecting merchants and consumers at the point of sale. GreenSky signs up merchants who sell big valued items such as home improvement and furniture. Consumers average a 760 FICO score and are taking out loans out of convenience instead of necessity. Forbes expanded on GreenSky Credit’s success by elaborating on how the company profits on both ends of the deal with contractors and bank partners.

GreenSky Credit had been ranked 3rd in value at $3.6 billion while remaining privately-owned and backed by venture capitalists. Zalik had moved from Israel to Alabama at four years old, where he skipped high school to attend Auburn University when he had scored exceptionally high on standardized tests, having taken the SATs at age 13 as cited by Forbes. He ultimately dropped out of college to pursue Microtech Information Systems full time.

Zalik shared that after selling Microtech for a few million dollars, he had relocated to Atlanta and started invested in real-estate. He then pursued more challenging consulting projects, which is where Green Sky had developed. The company took a huge risk and years before gaining stability and ultimately gaining unicorn status.

To learn more about GreenSky Credit and CEO David Zalik, please visit their company website and David Zalik’s LinkedIn.

https://www.wsj.com/articles/whos-the-most-valuable-online-lender-after-this-deal-its-greensky-1514911495

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