GreenSky Credit has emerged as one of the most successful fintech companies of the last decade. The company was founded in 2006 by serial entrepreneur David Zalik with the intention of providing customers across the country the quick means to access large loans to complete their home renovation projects. But in contrast with other fintech companies, like OnDeck and Lending Club, GreenSky Credit decided early on that it would only go after the most prime borrowers, typically, people who had FICO scores in the 760-plus range.
Bridge financing for retail customers
Zalik first had the idea for the creation of GreenSky when he was working as a consultant to some of the biggest names in the home improvement space. He quickly noticed that there was a major flaw in the business model of many of the top home improvement retailers and the contractors who were doing the remodeling projects.
Zalik saw that a large number of customers, most of whom had no experience whatsoever in estimating the costs of construction projects, were underestimating the true costs of their home remodeling projects by such large amounts that when they got the final estimate, they simply didn’t have the liquid funds to go through with the project.
Zalik, who had long been a commercial real estate investor, knew that running short of cash on hand was an extremely common and mostly easily solved problem within the commercial real estate development business. But commercial real estate developers usually have access to sophisticated credit instruments that allow them frictionless access to bridge financing. Without the ability to borrow short-term funds on large development projects, the commercial real estate industry in the United States would grind to a halt.
Zalik’s insight was that if this sort of bridge financing could be developed for retail applications, then it could potentially generate billions of dollars in extra business each year for contractors and home improvement retailers. This was the concept that Zalik would eventually build into GreenSky Credit.
Today, GreenSky concentrates on prime borrowers in order to provide them with instant point-of-sale bridge loans. The company does more than $5 billion each year in retail loans.
The advent of the online market for home repair services as well as mobile cleaning has reached a fever pitch, and Handy, a tool for booking such agencies and services, has managed to rise above the competition. Only two years after the company emerged, Handy managed to land over one-million dollars in bookings on a weekly basis. The company’s leaders, Oisin Hanrahan and Umang Dua have become successful innovators with new reason to celebrate.
utilizing the service are pleased themselves, as Handy provides a solid hourly wage and a means to decide ones own hours. The pay ranges from fifteen to twenty-two dollars an hour, which averages out to about eighteen dollars every hour.
The new numbers have arrived at the very moment Handy has worked tirelessly towards re-inventing their business by changes in branding and the additional development of new apps designed for mobile device usage. It is important to note that Handy throughly vets their cleaning service professionals, and their clientele has become clearly comfortable with utilizing their various services by using their cell phones.
While Handy offers more than strictly services for housecleaning, the mass amount of their rapidly growing revenue remains a result of the consistency of quality in their work relating to providing the customer a means to receiving a quality housecleaning. Eighty-five percent of Handy’s money is earned via their excellent cleaning service. The remaining fifteen percent is likely split amongst a variety of plumbing services.
Much of their recent success to due to the company’s consistent worth ethic, and inner emphasis on growth and evolution. Oisin Hanrahan and Umang Dua, the founders of Handy have spent considerable time over the past year placing an emphasis on providing proper support for consistent clientele, as opposed to excessive expansion. Their focus on quality over quantity has helped earn them their recognition and success, and is a large part of why they have emerged above the competition.
Communication has been transformed in the 21st century. People do not use fax and other outdated communication methods anymore. The introduction of mobile phone and internet applications has changed the globe hence making work easier. Sending an email or chatting with friends is not as hard as it used to be. For instance, one may choose not to go to a meeting and send an email or work at the comfort of their home. The social network has been categorized as the best platform among people who share a similar interest in terms of activities and real life connections. It is also a platform that offers services, which enables an individual have a public profile. On the same note, it entails creating a list of friends with whom one will be able to communicate and share ideas.
One of the most used online dating and social networking application is Skout on zendesk. It is a locally based service that is accessible in various devices such as a computer, and Smartphone. Besides, it is widely known since it was the first dating application that emphasized user’s location. So as to find other users easily, Skout has enabled its global positioning system that is only limited to adult applications. As one searches for different people, he or she can also view their interest and profile. It also allows users to send gifts and messages. The application can be downloaded from Google play and App store.
Skout is not only a dating application site, but also a tool that assists tourist to communicate and share while traveling. As the company suggested that the site launched so as to help people who love to expand their social life. It has a traveling feature that enables an individual to turn a trip into a vacation by posting various destination sites. The purpose of introducing the travel application was to help members by making new friends while traveling and also help users to find contacts to various destination sites.
However, it is not recommended to take a selfie while in the bathroom. The company banned the bathroom, powder room, and shirtless pictures. That said, people have had a trend of copying the celebrity’s selfie and caption themselves in a similar way. If a user is wearing a shirt or a T-shirt and he is in a bathroom, and then that would be accepted to post on Skout.
Valentine’s Day is the most boring and lonely times on dating site. Many users tend to have a planned scheduled for that day hence keeping off from the site. Skout declared February 4 to be an International Online Friend day. Minimal registration has also been experienced in the month of February. The company surveyed and found out that seventeen percent of users used the website in the period.
According to statistics, it has been analyzed that many people tend to take lots of time on browsing and chatting with new friends. For instance, an application like Skout can cause people to chat all day long, for it makes them relax, minimizing stress and work pressure.