Sahm Adrangi is a familiar name in the financial sector due to his immense contribution to the sector. He founded a hedge fund that has attracted a series of investors who are looking to multiply their assets. Despite his achievements, one cannot help but wonder whether he will put up with David Zalik. To begin with, Zalik neither graduated from high school nor college. Nevertheless, he has co-founded one of the greatest empires in the credit industry.
Unlike Sahm Adrangi who relies on the capital investments made by potential investors, Zalik is the middleman of Americans. He is the CEO of GreenSky Credit, a company that provides affordable and favorable financial options to the home renovators.
GreenSky Credit features a financial technology that links about 14 banks in America with tens of thousands of merchants. The merchants then provide loans to the customers get for better service acquisition. Zalik saw this as a great opportunity because he incurs no risk yet benefits from both sides of the transaction. Additionally, GreenSky takes control of the transaction at a 6 percent cost on the part of the merchants and 1 percent on the banks side.
With such a strategy, David Zalik is surely bound to be one of the top billionaires in the world. Even Sahm Adrangi would like a business that allows him to get profits from both sides.
The success of GreenSky Credit has lifted David Zalik into the list of top American billionaires. This is fueled by the fact that he owns over half of the credit company.
Zalik figured that contractors who renovate homes are the best selling point for the product. As such, you will find the personnel at GreenSky’s offices trying to pitch the idea of GreenSky mobile App to contractors and demonstrating how it can improve their business. When the contractors get customers who have limited financial abilities, they direct them to the company’s services. The contractor will then use the customer’s identification to help in loan acquisition.
Although GreenSky Credit does not offer similar services to Sahm Adrangi, investors seem to be enjoying a better deal since its inception.