Tag Archives: Sahm Adrangi

David Zalik creates frictionless lending model with GreenSky Credit

Published / by WT23

When David Zalik first developed the idea for GreenSky Credit, he didn’t find many people who believed in his vision. Zalik worked overtime to find banks that were willing to lend him the startup capital he needed to get his new company off the ground. But in an environment where the big fintech companies were touting revolutionary models that would completely disrupt the entire banking industry, the bankers themselves didn’t see the wisdom in a company that only promised to do what bankers across the country already did, only far better.

Revolutionary traditionalism

What stood GreenSky Credit so far apart from its competitors, straight from the beginning, was that David Zalik never sought to overturn centuries of established banking practices. Instead, his vision was one where technology would step in to create frictionless lending and borrowing opportunities for those borrowers who were the most sought-after among lenders. This ultimately meant that Zalik wouldn’t be creating a newfangled means for people without jobs and income to magically transform into highly productive members of society; after all, this type of utopian financial fantasy was already being well attended to by the likes of Lending Club and OnDeck. Instead, Zalik would focus on high-end borrowers who were all but guaranteed to pay back their loans on time.

Zalik ultimately ended up risking his entire net worth, nearly $12 million, to self-finance the founding of GreenSky. This would turn out to be the best bet that Zalik had ever made. It also would lead to the establishment of the most successful fintech company of the last decade. Today, GreenSky Credit has more than 17,000 retail partners across the country. The company is doing nearly $5 billion in new loan origination every year. And GreenSky Credit has partnered with some of the largest and most venerable lenders in the country, including Sun Trust, Region’s Bank and Fifth-Third Bancorp.

But at the end of the day, the ultimate accomplishment for Zalik is the fact that he was right. Amid the smoldering ash heaps that are many of his short-sighted fintech competitors, Zalik has emerged victorious, showing the way towards the future of the fintech industry.

https://www.indeed.com/q-Greensky-Credit-jobs.html

Sahm Adrangi a master entrepreneur and corporate world guru.

Published / by WT23

He has a Bachelor of Arts in Economics from Yale University, where he picked skills that have allowed him to be a success in the modern banking business world in America Mr. Sahm Adrangi has enjoyed an envious career as a corporate financial analyst in quite a few firms/companies. After opening his Kerrisdale capital management

More than often has been in a number of publications in the country; and has also been a guest speaker at numerous conferences. Mr. Sahm Adrangi is the Founder & Chief Investment Officer at Kerrisdale Capital Management . since its founding in 2009, he has has been a key part in all important matters of Kerrisdale Capital development.

Kerrisdale firm carries out and shares research matter on strategic businesses

Until now Kerrisdale is known for betting on a particular business and before floating them publicly. In the list of firms under his stewardship include and pharmaceuticals , telecommunication companies among many others and including Zafgen.

Sometime around two years ago, this company collected nearly $90 million USD to place on one single stock exchange floated in the market . Reuters had it that, the generated co-investment dollars were to be used on placing a bet on the certain public institution.

Clearly with the leadership of a man with the caliber of Mr. Sahm Adrangi any company would definitely benefit from being associated with him. Seeing the list of companies he has had his hands on, Mr. Sahm Adrangi has previously been involved in the restructuring of Chanin Capital Partners when it suffered a bankruptcy.

He has helped in securing numerous out-of-court cases for a number of companies not to mention representing bank debtors and general credit financially disrupted companies

Before that Mr. Sahm Adangi had a stint at Deutsche Bank

His career seemed to have picked and blossomed while, and after his time at Deutsche Bank , it was surely a stepping stone to his now very beautiful career. Where he later jumped to Channin Capitals in an advisory role under the bankruptcy role . all this was before Mr. Sahm Adrangi started engaging himself in the banking world investment.

https://www.youtube.com/watch?v=1KIJnG8kfW0