The finance company is known for its passion to adopt technology in the delivery of services to its clients. GreenSky Credit was established in 2006 and operates from Atlanta, Georgia. The organization links service providers and the consumers to facilitate the provision of loans. The main use of the loans is home improvement and healthcare. The lending is by financial institutions that are chartered and fully insured by renowned insurance carriers in the country. The clients of the company have benefited from loans worth over$5 billion over the years. Other fintech firms that have been in the industry for some time include Social Finance Inc. and the Lending Club Corporation. The loans are not from GreenSky Credit’s operating capital. For that reason, the organization has created long-term partnerships with financial institutions.
According to an official report issued in 2014, the company works with about 14 banks. Some of the largest banking partners include Regions Financial Corporation and SunTrust. The customers can get the loans online or by downloading a GreenSky Credit mobile application. Over the years, the number of merchants on the platform has increased to over 12,000. Some of the merchants are retailers while others are individual contractors. The companies are mainly involved in the provision of goods such as furniture, windows, and roofing materials. To diversify its services, it started offering elective medical procedures to their clients. The debtors are expected to repay the loans after a fixed period and interest rates.
Some of the closest competitors for GreenSky Credit include Debtbench, Avant Inc., and Spruce Finance Inc. David Zalik heads the company as its Chief Executive Officer. While addressing the media, he disclosed that his organization was not trying to compete with the banks and does not have any plans to become a lending institution. The CEO believes that the use of technology has the potential to transform any growing firm and attributes the success of the company to the adoption of innovative solutions. David Zalik is a visionary business leader and that has earned him the Entrepreneur of the Year Award in 2016. He looks forward to diversifying the business platforms offered by the firm in the future.
Marc Beer is a successful business man who has more than 25 years of experience with the development of pharmaceuticals, devices, and diagnostics for the public. Marc has been a CEO at a number of major corporations all in the market of his expertise. In 2000, one of the first companies he worked with known as ViaCell, where he became the founding CEO. ViaCell is most famously known for the development of umbilical cord blood stem cells. While being the CEO over the course of 7 years he helped the company grow drastically to having more than 300 employees. Marc Beer has had a line of success through his business ventures, but his next mentioned ended without as much success. He is most known for being the CEO Aegerion Pharmaceuticals. While he was the CEO he helped develop a product known as Juxtapid that was used to treat a rare high cholesterol disorder. Though he has a lot of high points in his career he did have a setback with his description of the product. The setback revolved around an incident where Marc Beer was accused by the FDA for giving false hope that Juxtapid can successfully treat heart conditions. The company was eventually ordered to pay $40 million for improper marketing of Juxtapid and they were then bought by a Canadian Biotech Company known as Novelion Therapeutics. Renovia Inc. was founded by both Marc Beer and Ramon Iglesias, MD, and Yolanda Lorié in 2016. Renovia Inc., based in Boston, has now raised $42 million for pelvic floor disorders greatly raising awareness and relief for women who have dealt with the issue. The startup is currently working on releasing different therapeutic and diagnostic products for a pelvic floor disorders that effect millions of women worldwide like urinary incontinence. Moreover, the first product they released known as Leva had been FDA approved since April 2018. This is very promising for investors like the investing firm known as The Longwood Fund which mainly focuses on investing in new healthcare products and research. They money invested will go towards developing new products and a newer version of Leva. Their whole goal is to make pelvic floor disorder products cheaper to continue to help all women who suffer from the issue. This is a story that is very redeeming and can show the world that one small mistake no matter purposeful or not can still lead to good. With these recent announcements over 250 million women worldwide will now have the help from products like Leva and future products that are currently being developed for other pelvic floor disorders. Learn more : https://www.slideshare.net/MarcBeer
Wes Edens is undeniably one of the wisest investors in the modern world. The business administration/finance graduate has made one of the best moves in the investment realm. His journey in the dynamic world of investment gives the correct impression that he is not only a visionary investor but also a smart risk taker.
Wes Edens commonly referred, as Wes is a co-founder of an investment group- Fortress Investment Group. The company has revolutionized the investment market in many ways and it is currently one of the most efficient companies in investment management. Through the leadership of Eden, the company has been able to diversify the company operations to lucrative capital markets, mergers of companies and acquisitions. As part of the company’s philosophy, Eden has been an integral part of helping the company to direct a huge amount of investment worth ($43 billion) and earn trust to (more than 1,750) investors. Together with Nardone, the company has continued to be the pacesetter in matters of efficiency and profitability.
Apart from being a big investor in the financial market, Wes Edens has over the years spread wings to venture into over business. The most coveted (by mainstream media) venture in the recent past is Brightline train. The train, which is the first one of its nature to be under private ownership, is the solution to the uneconomic traffic jams experienced in the major USA cities. The train system apart from solving the economic issues caused by the traffic jams gives people using the extra services such as comfort and connectivity (Wi-Fi). This mind-blowing investment is not only timely but also smart.
In the recent few months, Wes Edens has held talks with Aston Villa management for purchasing the football club. The English football, just like other modern sports needs finances to be competitive. According to statistics, the club has potential but the lack of finances has made it less competitive. With an injection of finances, there is assurance of better performance. Eden knows that and the agreement with Nassef Sawiris was probably the best decision in the recent investment to the English football.