GreenSky is now a publicly traded company after it filed its Initial Public Offering. It has surpassed other former big shots in the fintech industry to become the largest IPO. This fintech acts as a middleman between borrowers and lenders. The company mainly operates in the areas of healthcare provision, home improvement, and banking. The relationship it has developed with various partners in the industry is the reason it is recording consistent and steady growth. The company anticipates that it will be successful in the long run and investors should take this opportunity to invest in them now. Although there is possible stiff competition from large companies like Visa Card and MasterCard, they are optimistic that they will maintain their edge as top providers of these services.
GreenSky is building on its longevity in this business and the reputation it has accumulated as one of the reasons it is likely to succeed in long-term. The reputation they have created in the area of home improvement is unmatched. It is tough for any other player to get their foot in this business in their presence. The high level of success for this company is attributed to the excellent reputation they enjoy. There has been an increase by 50 percent of merchants who are using their services. It is expected that the number will keep on growing at the same pace.
GreenSky is the creation of CEO David Zalik. He is the brains behind the massive success of this credit business. Despite the huge success, he keeps a low profile and is hardly known by many. In the early years of this business, he raised all the funds needed for this project by himself and only sought outside help in 2014.
Although GreenSky is a privately funded company, it has allowed public access to investors. Many private organizations shy away from public access and avoid the quarterly earnings reports. By taking this company to the public, David Zalik is shifting some of the responsibility involved in managing the company. Investors are streaming into the company to avoid missing out on one of the possibly lucrative investment opportunity of this generation.