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.

Success Story of Nick Vertucci in Real Estate Market

Nick Vertucci is the founder of NV Real Estate. His story is that of rising from the grounds to the top having hailed from a very humble background. This situation did not last over time but took a different line when Vertucci turned 18 years old. At this age, he began owning a business that was directed into selling computer accessories. Due to a crash in economic times, the business did not do well but he was quick to rise up from the financial challenge that was facing him. Nick Vertucci enrolled in a training at a real estate academy that later inspired him into real estate business. This set him free from the financial deficits he was facing by then. Through the involvement in real estate over time, Nick Vertucci became a guru in real estate investing and later he launched the Nick Vertucci Real Estate Academy that is known as the NVREA.

Asking how the idea of the NV Real Estate academy was birthed, Nick Vertucci replied through an interview with ideamensch that all started after he attended the training at a real estate academy in 2004. Due to the financial constraints that were knocking on all corners, Nick started investing into single-family rentals and other real estate platforms. He would do rehabbing, rental management, buying foreclosures, and all other strategies that would make him rise. His sales increased when he began hosting a radio show called “The Real Estate Investing Hour” that harbored him many listeners and investors. In 2014, Nick launched the NVREA with a pure intention of creating perfect training on real estate to assist more investors.

Getting into some inspirations from Nick, he brings ideas to life through four major tips. First, Nick says that one needs to see what they want or rather envision the goal or business that they desperately want. This is the point of having a vision. Secondly, once the vision is clear, it requires faith that you may believe in the vision. The truth is that many people fear their goals and dreams and that leads to lack of confidence. Thirdly, it gets to map the vision or rather having the systems and plans to make it work and finally executing the vision by actualizing it.