David Zalik is the cofounder and CEO of financial technology company GreenSky. The Atlanta-based company has facilitated $16 billion in loans for home improvement projects via a network of banks and 13,000 contractors.
In this manner, who owns GreenSky?
Subsequently, question is, how does GreenSky credit work?
GreenSky acts as a middleman that connects consumer borrowers with banks, collecting a hefty fee in the process. The contractor proposes that she apply for a loan through GreenSky, which can offer a 12-month, no-interest financing deal to break the purchase into bite-sized payments.
When was GreenSky founded?
How does GreenSky make money?
GreenSky (NASDAQ:GSKY) makes its money by offering a point-of-sale solution to connect consumer borrowers with regional banks. Its fee-based model relieves it of many of the growth constraints in traditional banking, and the company could see double-digit growth for years (if not decades) to come.