How GreenSky Credit Has Grown Into a Top FinTech Company

Under David Zalik, a cofounder and current CEO of GreenSky Credit, the company has grown leaps and bounds in recent years. The company focuses on financial technology and was founded in 2006 in Atlanta. They work with banks to make loans available to people looking to improve their homes.

The company serves a variety of markets. These include solar, home improvement, and healthcare among others. Thanks to being federally insured, the loans are safe and secure for the institutions and the consumers. According to Wikipedia, over $5 billion of loans went through GreenSky Credit in a four year time span alone.

Why is GreenSky Credit Lesser Known?

The company doesn’t have the awareness or attention you would expect from other fintech companies so far. However, that is changing quickly. One reason is that they do not make loans with their own capital. They instead focus on strategic partnerships to leverage greater resources and give consumers more capital to access.

Options Equal Success

When customers can choose who they loan money from or how much, such as with GreenSky Credit, the dynamics change. They are able to be more successful in their home improvement projects and thus GreenSky Credit benefits too. In addition, they reach a variety of markets outside of the home space.

Going Mobile

Customers today use their smartphones more than ever before. Being able to get a loan on their phone via an app cuts out the time, confusion, and effort needed to get loans from traditional fintech companies. They can access over 12,000 merchants through GreenSky Credit’s app, from individual contractors to major companies.

Being a Technology Company Vs a Bank

David Zalik, according to Forbes, has stated that he does not try to compete with ordinary banks. Instead, he sees himself as a technology leader. In this way, they act as a connector and customer service platform over being a capital source themselves. It is one of the reasons the company has stayed so profitable.

Growth and Market Cap

GreenSky has grown in large numbers since they first started. Among expanding a new call center, they have created over 350 jobs and invested $7 million in the city. And at a valuation of more than $3 billion, almost ten times as much as their value in 2004, the work and vision seems to be paying off.

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Career Achievements of Peter Briger

Peter Briger has made a name for himself through the notable achievements and developments he has brought in the field of investment. He is the president and chairman of the Fortress Investment Group, an investment firm that has helped many companies make it through the industry by offering the advice and guidance about investments. Peter serves as the chairman and the head of credit and real estate facility of the firm. He has been serving as the co-chairman of the firm’s board since 2009.

Peter Briger has shown a great dedication towards his work and he is today referred as the king of debt. He has earned the respect of many people for his ability to help bankrupt firms pick up their pieces and increase their productivity.

Briger flaunts over 15 years of experience in the field of investment. He served at Goldman Sachs as the firm’s partner for 15 years through which he gained vast experience in his field of specialization. He works closely with his team of employees to come up with solutions to handle the various challenges that investment firms face.

Additionally, Peter is ranked among the 400 list of billionaires. He has a net worth of $1.2 billion and he is among the self-made billionaires that inspire people. His ability to share ideas with other people has also highly contributed to his notable successes and a vast number of people strive to seek his counsel. Besides, Peter Briger is also passionate about shining light on other people and as a philanthropist, he has donated funds to help young entrepreneurs develop their career. He is known for the numerous funds he donated at the Princeton entrepreneurship firm with an aim of mentoring young people. Through the donation, the renowned investor gave the young entrepreneurs a chance to express their thoughts about the field of entrepreneurship as well as make their dreams a reality. Peter Briger has also given entrepreneurs a chance to develop their firms through the various projects he has been involved in of giving them them insight regarding the field. His kindness has seen him emerge as one of the most sought out entrepreneurs of all time.

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Canadian Businessman Louis Chenevert – Early Career Life

Canadian Businessman Louis Chenevert is one of the successful people in business. His success has come through good management of the companies he has worked for. He has an admirable track record as a corporate leader. He has led the company he has worked for with great commitment. His biggest record is at UTC where he spent much of his career life. He made this business great by steering it in a direction that saw it make huge profits every year. At the time of departure from the company, he was the CEO for 6 years. In this period, his achievements were remarkable. He managed to achieve good results that could not have been seen before.

Louis Chenevert focused his efforts on making the company better through better production methods. Chenevert who has worked in the production department all his life has great knowledge about how efficiently production system should be run and used this knowledge to make UTC a great company.

From a young age, Louis Chenevert wanted to be a businessman. It is for this reason that when he joined HEC Montreal University School of Business, he took a degree in Production Management. He gained vital knowledge about production, and that is how he has managed to be a top production manager. With the knowledge he had acquired in class, he went into the industry and started practicing. He first worked in the auto industry where he worked with General Motors. Here, he gained experience on how large scale production should be done. He also understood how to go about the production of products efficiently. At GM, it took approximately one minute to produce one vehicle. With such a high production rate, there is no room for petty errors; Everything has to be done with great precision.
His knowledge in the production plant in the auto industry enabled him to manage his career easily when he moved to the aerospace industry. He worked for Pratt & Whitney, a jet engine production company which was under United Technologies Corporation (UTC) before he rose to the position of CEO of UTC. His growth was facilitated by the good results he displayed.

Robert Deignan: The Man, The Legend

It takes quite a while for an individual to become a legend. Unless he or she is exceptional at what they do. A piece of advice that our current President and extremely successful businessman, Donald Trump gives is to be on the winning team. Stick with those that win and you will win. For this reason, is it self evident through his actions and the numbers (which don’t lie) that Robert Deignan is a winner.

Robert Deignan is the kind of guy that takes quotes from people like Elon Musk and Steve Jobs to heart. He obtains the knowledge of the greats in the business world and then applies them to his own life and to his own business ventures. Knowledge is sometimes mistaken as intelligence, but intelligence is actually the application of knowledge. And that is what Robert Deignan does flawlessly. He is humble enough to admit that he is not at the level as people like Elon, but that also is one of the reasons for his success.

Maybe wisdom and humility are not prerequisites for becoming successful, but they are definitely common traits among those who become wealthy doing what they love. They also seem to be the ones that have the capability to maintain their wealth. Robert Deignan is on the continuous and steady, yet highly effective progression of his own lucrative business.

Robert Deignan’s success did not happen overnight and it most definitely did not happen easily. Robert has always been a hard worker and persistent at following his dreams, fulfilling his desires, and accomplishing his goals. This is notable by the fact that he was not only a graduate of Purdue University, but also by making it to the professional football league. He even got to play for the Miami Dolphins and the NY Jets.

Mr. Deignan’s advice doesn’t come with a lot of bells and whistles. His effectiveness is due to his innate ability to listen to and follow his gut. Following your gut seems like simple advice, but even Roger goes on to state that it took him years to train himself to follow his gut after multiple lessons that he learned from not doing so the first time.

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