GreenSky Credit – Fintech Industry’s Got a New Unicorn in Town

Founded in 2006, GreenSky Credit is an Atlanta-based Financial Technology firm that provides credit programs as well as technology to banks and merchants that provides loans to their consumers. Bloomberg reports that services include: same day funding for submitted invoices, account management, collections management, invoice verification, credit services, and online transaction management.

Forbes met with GreenSky’s CEO, David Zalik, to learn first-hand of Zalik’s background and path to success. Forbes reports that GreenSky is ranked third in value as a fintech company, with the CEO landing at billionaire status. Zalik shares the success behind his unique business model in which home remodel contractors are the consumers reached through the company’s sales team pitching their user-friendly mobile device apps. Zalik found an opportunity in this market where GreenSky provides easily accessible and quickly-delivered loans for average scoring FICO consumers.

Between the banks and contractor deals, GreenSky Credit’s model allows the company to profit on both sides of the deal. GreenSky Credit serves as a modern-day middleman and is not constrained by defaults.

Forbes continues to share the story of the businessman who built the company. Zalik’s family moved from Israel to Alabama when he was just 4 years old. He scored exceptionally high on the SATs and enrolled in college classes at age 16. During his college education, Zalik established his first company called Microtech, where he had dropped out of college to focus on his company before selling the 20-person company for a few million dollars at age 22.

After being involved in starting two other companies that ultimately failed, Zalik continued on the challenging path to success even after establishing GreenSky Credit. He was determined through his efforts of begging contractors to a $200 Million deal falling apart, but success was found after many would have given up. With Nigel Morris’ partnership and investment in the company, GreenSky surged to unicorn status.

Rocketship: At the Forefront 0f Quality Education

We live in an age where learning is a vital right for every child. Everything now revolves around the certification that one holds hence without quality education making ends meet in this century will be an uphill task. That is the reason why Rocketship school was started one decade ago with an aim to provide better and quality education. In those past ten years that the facility has been around, the founders, staff and the society, in general, have learned quite some lessons. For instance, through the annual home visits, parents, students, and the teachers can develop stronger bonds which in turn enable both parties to assist each other. Rocketship lacks a K12 as is the main area of focus is in elementary education. That is why many parents and sponsors encourage the organization to make a change, and that is where the second lesson comes in. For that to be achievable, they need to create more demand. The schools also ensure inclusion of kids with disabilities by making sure that 80% of their learning time is spent in a classroom. This is the only way that they will be able to access all the benefits. Rocketship Education have built a system of continues learning to help students get a defined mindset. They have also learnt that unity and co-operation is the only way to success and they are very proud to be a public school.

About Rocketship

Rocketship is an anon-profit network of schools built on five core values which began in 2006. To enable the school achieves its mission which is to provide quality education for children coming from low-income areas, the parents make contributions while the rest is from the government. It began as a single unit in San Jose, but due to its impeccable work, it currently boasts more than twenty-five facilities spread across different parts of California. The primary value which has helped the school prosper is the involvement of members of the community in its running. For instance, when hiring a new employee, one of the members of the interviewing board is usually a parent. That contributes a lot to ensuring that both the parents are assured that their kids are in good hands.

Here’s the Five Most Important Things Rocketship Education Taught Preston Smith, Its Co-Founder

Rocketship Education is a network of public schools in the United States of America known on one proverbial hand for assisting families in struggling areas in helping their children obtain educations of high quality, on the other hand being one of the nation’s pioneers in integrating technology into everyday educational activities, more importantly experiencing high-grade effects in such technological usage. Rocketship Education was formed as the brainchild of John Danner and Preston Smith. While Danner left the highly successful group of schools a few years ago to work in technology, Preston Smith, a longtime educator in low-income regions, has remained consistently with the organization, learning a handful of lessons in the process.


Thanks to his release of an article that detailed ten things he learned from teaching and administrating at Rocketship Education, the teaching American public have ten more things to add into their repertoires. Listed below are five of them.


  1. Special needs should be included in regular classes


Traditionally, students that don’t learn at the same pace as others are quarreled into special education classrooms in which teachers are trained specifically to deal with their students’ problems. Conversely, Rocketship Education urges its administrators to allot no more than one-fifth of their disabled students’ hours at school to special education, helping them become acclimated to regular living, help others behave and be mindful, and teachers be trained to deal with problematic students.


  1. Educational plans shouldn’t always be followed through with


Several years ago, in Rocketship Education’s earlier days, administrators had planned to unleash the flex model, in which three teachers and one “school leader” taught regular-sized classrooms. While some schools did great, two didn’t, leading Preston Smith to roll back the plan.


  1. Teachers should be flexible


Teachers at Rocketship Education must be flexible to conform to suggestions and alterations from parents and administrators. Those who aren’t often have short lifespans at the school.


  1. Teachers should make home visits


As Rocketship is heavy on personalized learning, making home visits helps increase the effectiveness of such lessons.


  1. Parents should give feedback


Parents learn of lots from children. As such, they should give feedback to instructors about what their kids say.