GreenSky Credit has become one of the most valuable fintech companies in the World. The rise of GreenSky Credit has helped Chief Executive Officer David Zailk become a billionaire. Zalik has realized that contractors are important. Zalik also says that the company looks at homeowners who are struggling to make payments. GreenSky Credit’s target market are borrowers who have solid FICO scores, as the company offers unsecured loans through a quick approval process.
GreenSky Credit has a model that transfers a lot of the risk and allows both sides of the deal to receive benefits. Contractors market the loans to homeowners while also paying GreenSky a portion of the loan amount. GreenSky Credit is able to avoid being held liable for defaults. Zalik says that the company sits in the middle of billions of dollars every year in loans. With such a scalable model, GreenSky could potentially replace credit card financing in the future.
About David Zalik
David Zalik’s family moved around often, eventually settling in Israel, where Zalik was born. Zalik’s family moved to the United States when he was a small child. Zalik’s favorite subject as a child was math. Zalik continued his education at Auburn University. Zayn says that his interest in entrepreneurship came from wanting to impress older girls on campus. Zalik eventually left Auburn to focus on his computer-assembly company.
At the young age of 22, Zalik sold the company and became a multi-millionaire. Zalik began investing in commercial real estate. Zalik then helped create multiple companies, including Outweb and Rock Bridge Commercial Bank. Zalik’s experiences through starting different businesses and working in different industries lead to the creation of GreenSky Credit. Zalik wanted to help offer instant financing to consumers. Zalik credits Capital One’s Nigel Morris for his substantial investment to help GreenSky increase its brand.
How GreenSky Works
Zalik is proud of the GreenSky mobile app, which allows users to receive a credit decision instantly on their tablet or smartphone. The loan money is delivered to the contractor in the form of a credit card payment. Consumers are eligible to receive zero-interest financing for up to two years.
The main reason we join the business sector is to make profits. No one starts a business to make losses. Entrepreneurship is the main reason we have investors. The spirit of entrepreneurship leads people who are making investments. When an investor is making a decision to invest, he must be ready to deal with the challenges that may come on the way. This is a factor which will distinguish those who make it and those who fail. One of the main challenges that as an entrepreneur you will face these days is stiff competition which comes with the pressure on available resources. However, for a shrewd investor such as Sahm Adrangi, this is not something that can worry him. He expected it when he first ventured into the business sector.
Sahm Adrangi has had the benefit of working with various entrepreneurs. He had the opportunity of learning from others who were experienced than him about some the things to do and not do while in business. His experience working with other companies made him acquire knowledge that he would need when running his own company. The knowledge he got back then is now playing a significant role as he runs the operations Kerrisdale Capital Management.
Sahm Adrangi is an investment guru who understands what needs to be done to make a good investment decision. He has joined the industry long enough to know the challenges that are expected in the investment industry. Sahm Adrangi is qualified as a portfolio manager and a financial expert. One of the things he does in current job position is to avoid the pitfalls that he saw others in the industry make. As it is said, the experience is the best teacher, and that is exactly how he has been doing things at Kerrisdale Capital Management.
Sahm Adrangi stared Kerrisdale Capital Management with the aim of implementing the things he had learned from the investment sector. He was sure that he could do a better job while he was running his establishment. He has led this company with dedication and commitment to results. As his brainchild, he has made sure that everything is running according to the way he would love them to be.