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Business/Tech/Apps/Technology/CEO

GreenSky Credit surpasses 17,000 retailers

Posted by WA6 on

Veteran entrepreneur David Zalik started GreenSky credit back in 2006. The impetus behind the formation of the company was Zalik’s insight that far too many deals were being lost by home improvement companies when the homeowners were faced with estimates that were far higher than what they believed the cost of their remodeling projects would be. Zalik saw an opportunity to create a company that would serve as an instant point-of-sale lender, allowing average homeowners to essentially have access to the same kind of bridge financing that professional real estate developers use every day.

But the real key behind the success of GreenSky Credit was Zalik’s ability to create the technology that would link lenders, contractors, retailers and homeowners at the point of sale and on an instant basis. This technology is what forms the core of GreenSky Credit. And with more than a dozen of the largest lenders in the nation as partners, including Sun Trust, Fifth Third Bancorp and Region’s Bank, GreenSky Credit has been able to push through billions of dollars in home renovation projects that would otherwise have likely never happened.

Expanding to new domains

By 2010, Zalik saw how well his idea was being put into practice. GreenSky Credit was doing more than $1 billion in loans each year, almost all stemming from point-of-sale lending for home improvement projects. He began wondering if opportunities for providing consumer-level bridge financing for big-ticket items or services existed in other industries. Soon, he would get his answer.

Today, GreenSky Credit has expanded to more than 17,000 retailers across dozens of industries. The firm has taken the same business model that served so well in the home remodeling business and has applied it to everything from medical procedures to window replacement and roofing. The key behind the company’s success has been the fact that its borrowers all tend to be in the upper echelons of creditworthiness. With an average FICO score of 760, the average GreenSky customer is well above average in terms of ability to pay back loans. And this has resulted in lenders that actually vie among themselves for a chance to lend through GreenSky’s interface.

 

https://www.kununu.com/us/greensky-credit/reviews

Tech/Apps

Classroom Communication Made Simple

Posted by WA6 on

If you have kids in school, you’ll understand just how important it is to be involved in your child’s classroom life. Behavior, grades, and learning topics are just a few things that usually wait to be known until parent teacher conferences. Now there’s an app called ClassDojo that’s here to eliminate the barriers and encourage teacher, parent and student connection. This is a classroom communication platform that allows you to communicate to your child’s teacher as well as see daily activities. Their teachers can even send photos and videos directly to you with this continually growing app!

ClassDojo is working to create a community between parents and teachers, bridging the gap we’ve all known too well for far too long. Knowledge is power, and in the case, it’s the power to create a new and positive culture in classrooms and schools. So far the app is actively used by teachers in over 85,000 schools. This ranges from public schools to charter and even to private. It’s clear that teachers everywhere are falling in love with this app. The current majority of teachers that use the app are kindergarten through eighth grade.

Not only is it extremely useful, ClassDojo is extremely safe. They value all of their users, whether you’re a teacher or a parent. While they haven’t yet earned revenue, they are staying away from making profits off of their user’s data. The CTO, Liam Don, even said, “Privacy is a huge concern any time kids are involved,” and that’s what we should expect to hear from those protecting information on our children.

This communication platform is intended to keep on improving. They hope to offer premium features as well as make school payments easier. Personally, I’m always nervous handing my child a check to bring in for a school field trip. Lunch money can be another nerve wrecker! What if they lose it? Who wouldn’t be nervous? Modern technology advances focus greatly on simplifying and improving our lives. ClassDojo does just that for us, and even more importantly, for our kids too.

Read more about ClassDojo here: https://www.crunchbase.com/organization/classdojo