Founded in 2006 as GreenSky Trade Credit LLC by David Zalik, GreenSky Financial LLC is a private equity firm based in the Southern state of Atlanta. It changed its name in December 2015 and offers quick and paperless financial services, credit and consumer lending to businesses through its online platform. It helps enterprises provide credit to their customers by acting as a program administrator and third-party service provider for federally and state insured chartered banks that offer consumer loans. Besides providing revolving credit products and installment loans it also provides credit programs for elective medical providers, home improvement merchants, and furniture retailers.
Through its merchant, retailer and provider networks all over the US, it serves both consumers and large, medium and small-scale businesses. David Zalik’s GreenSky offers business card service as well as same day funding for submitted invoices, online transaction management, credit services and invoice verification.
ABOUT DAVID ZALIK
Co-Founder and Chief Executive Officer for GreenSky, 43-year-old David Zalik were born in Israel with his family moving to the USA when he was four years old and settling in Alabama. His father became a Mathematics professor at Auburn, and he attended the same school his father was teaching but later dropped out to concentrate on building his computer assembly company, MicroTech. In 1996 then aged 22 years he sold the 20-employee company for a tune a few million dollars and moved to Atlanta. Zalik later founded Outweb Inc., a consultancy for businesses trying to create their websites, in 1999 after a few years of investing in the real estate sector. He helped start the Rockbridge Commercial Bank in 2006 which initially attracted capital from a clique of local investors including billionaire Bernie Marcus, co-founder Home Depot. In three years’ time, it failed making him lose up to $500,000 and lawsuits from the FDIC.
It is after all this that he founded GreenSky, which he named after hearing Willie Nelson’s rendition of Blue Skies. Robert Sheft, an investor, and founder of RMA Home Services, later joined him their big pitch being less hassle in offering their customers financing as compared to stalwarts like Wells Fargo and GE.
David Zalik has also served on the board of directors of The Marcus Community Centre, The Jewish Federation of Greater Atlanta and Hands on Atlanta. He has been a recipient of the 2000 Abe Schwartz Young Leadership award, 2003 catalyst Entrepreneur of the Year Award and 2016 EY Entrepreneur of the Year Award.