GreenSky Credit Could Revolutionize How Banks Lend Money

The future is wide open for tech entrepreneurs. New innovations and a shift towards cloud technology are creating opportunities in practically every industry, and GreenSky Credit could be leading the pack where the financial sector is concerned. This bold new company has intentions to revolutionize the banking industry by modernizing the software they use to conduct business, and investors seem to have bought in to their bold promises for the future.

A Well-Funded New Name in Fintech

The fintech, or financial tech, industry is hardly a new development. Before the rise of GreenSky Credit there was Lending Club Corp. and Social Finance Inc. These businesses look to improve the relationship between banks and customers by creating tools they can use to approve loans. This technology facilitates investments in everything from home improvements to healthcare to solar energy conversions, but GreenSky Credit is raising eyebrows for how readily investors have hopped on board.

While GreenSky was first founded in 2006, it didn’t propel to the front of the public consciousness until a decade later. In 2016, GreenSky Credit received a valuation of a staggering $3.6 billion from Fifth Third Bankcorp who were so confident in their assessment that they backed it up with a $50 million investment. This was over a 200% increase over their prior evaluation two years prior. As of 2018, nearly two million customers and 13,000 companies have made use of GreenSky’s instant lending programs.

A Rags to Riches Tale

While that precipitous rise to fame is notable, it’s still less impressive than the story of its founder. David Zalik graduated from high school at the tender age of 14, and by the time he was a college freshman, he was already the founder of his own business. But this company, a computer assembly outfit known as MicroTech Information Systems, would just be the starting point. His success would lead him to drop out of Auburn to spin his company into new developments.

By the time Zalik formed GreenSky Credit in 2006, he already had three successful businesses under his belt. It’s no small wonder that investors are ready to jump on the bandwagon, but it’s not just Zalik’s reputation that’s directing the company’s success. A smart mobile platform greatly expedites the loan application process, and the tech fueling it is sound. GreenSky is 2016’s industry darling, but it doesn’t show any signs of stopping anytime soon.

https://www.dice.com/company/GreenSky+Credit/jobs

Shervin Pishevar Talks of the Need for American Entrepreneurs to Outsource Talents

Shervin Pishevar is a renowned entrepreneur in America. He has made significant steps since he migrated into the US from Iran. This is evident from the success of the companies he has worked with and co-founded. As an angel investor, he has to be constantly looking at the state of the US economy, tech innovations (where he has mainly invested), and globalization. The current state of the American economy might just be the one that triggered him to storm Twitter with 50 tweets in 21 hours in February 2018.

In one of his tweets, Shervin Pishevar gets nostalgic about a trip he had to Romania back in 2009. Basically, this is intended to show that there is a lot of talent out there that American entrepreneurs need to exploit. After all, there aren’t enough American-born engineers in the United States to supply the skill set needed in their companies. Shervin Pishevar tweets that “Wrote some of the seeds of this on a trip To Romania recruiting a young talented coder to SGN in 2009.” This tweet is followed by a picture of an essay which talks about the need for American entrepreneurs to reach out to the talent across the world. It is where the future lies.

Shervin Pishevar shows support for globalization. He is in line with the idea that the world has evolved, and knowledge is no longer defined by culture or geographical locations. Today, the world can be likened to a global village. America is no longer a monopoly when it comes to entrepreneurship. There are many people out there with skills as good, and even better than those that American entrepreneurs look for in their countrymen.

He notes in his essay that embracing talent from elsewhere is one of the best ways to learn. This is one of the best ways to build a great America, especially with the unpredictable and ever-changing financial markets. Evidently, Shervin’s word has come to be true 9 years down the line. He himself notes that “Now 9 years after that essay the world has evolved away & beyond us. And the chickens are coming home to roost.”

https://medium.com/@shervin