GreenSky
GreenSky, Inc. is a financial technology company founded in 2006 based in Atlanta, Georgia. The company provides technology to banks and merchants to make loans to consumers for home improvement, solar, healthcare and other purposes. Financing for GreenSky credit programs is provided by federally-insured, federal and state-chartered financial institutions. From 2012 to 2016 nearly $5 billion had been lent through GreenSky credit program. In September 2021, Goldman Sachs announced to acquire GreenSky for about $2.24 billion and completed the acquisition in March 2022. Goldman Sachs announced it would sell the business at a loss in 2023. Business GreenSky is less well known than other companies in the so-called fintech market such as SoFi or LendingClub, in part because it does not make loans using its own capital. GreenSky's partner banks—in 2016, they numbered 14 and included Regions Financial Corp. and SunTrust Banks—made loans online or through the GreenSky mobile app to customers of some 12,000 merchants ranging from retailers such as The Home Depot, Inc. to individual contractors. GreenSky signs up merchants who sell items, such as furniture and home improvement products, including window replacement, aluminum siding, and roofing. It also expanded to handle elective medical procedures. The firm—and others