GreenSky Credit is one of the most astonishing success stories to have come out of the fintech space over the last few years. The company is only 13 years old. But in that brief existence, it has gone from a self-financed startup and onto become one of the most prominent companies in the world of fintech.
When everyone wins, business is good
The enormous success of GreenSky is attributable to its founder, David Zalik, and his level-headed yet totally innovative vision for how to create tremendous value through the use of loans. In the early 2000s, Zalik was working with a number of home improvement companies throughout the United States. He quickly realized that many of these companies were losing a tremendous amount of business due to retail home improvement customers simply not having the necessary funds to follow through on their desired projects. Zalik watched as homeowner after homeowner was rebuffed by the steep costs involved in completing their home renovation projects. The problem was that most of these customers simply didn’t have a feel for how much the total cost of a home renovation would actually turn out to be.
Zalik saw a golden opportunity. With his knowledge of the lending industry, real estate and banking, he saw that there was a huge opening for anyone who could create instant point-of-sale bridge financing for retail customers. He also realized that because the majority of the people coming into these home remodeling companies seeking to do renovations were very well off that they were likely to all be in the prime borrower category. Zalik knew that it would not be a hard sell to get banks to line up in order to extend these borrowers loans through GreenSky.
And the final piece of the GreenSky success puzzle was the fact that, at the end of the day, the loan principal amount would almost invariably be going towards a value-creating transaction. That’s because for high-end homeowners, almost all of the renovations that they were carrying out would end up adding more to their home’s value than the final cost of the projects.
AvaTrade is reviewed as one of the world’s top Forex brokers founded by Negev Nosatzki, Emanuel Kronitz, and Clal Finance. It was founded in 2006 as Ava FX, but it later changed its name to AvaTrade in 2013. AvaTrade has offices situated in Dublin, Milan, New York, Sydney, Tokyo, and other several locations. AvaTrade is controlled and regulated by the Central Bank of Ireland, Australian Securities & Investments Commission (ASIC) in Australia, the Financial Service Commission (FSC) in Japan, and the British Virgin Islands Financial Service Commission in the British Virgin Islands. It is also approved and licensed by MiFID in the European Union. The company’s administrative headquarters are located in Dublin, Ireland.
The company offers forex brokerage and other financial services such as stocks, commodities, indices, and bonds. The company has registered customer accounts in across the world in over 160 countries, the European Union, Asia, and the Middle East being the strongest markets. It has more than 1.9 million transactions executed every month. AvaTrade has an exclusive trading platform that provides the users with an ultimate online trading experience. The company has dedicated itself to traders by providing educational materials and holding teaching and training sessions about the markets and the trading world.
An AvaTrade review show offer spreads which are among the best of any internet broker. It holds clients funds in separated accounts in order to increase security levels. The company permits hedging as a spread betting which is a tax-free trading. The spread betting involves long or short spread bets on financial instruments which are more than 200 with a leverage of 400:1. Spread betting is done through a live or demo account on the general MetaTrader 4 platform. A 21-day demo account is offered for those traders starting to trade in Forex.
Clients opening accounts for the first time are offered a substantial bonus starting with $40 for a $200 deposit which goes up to $10,000 for a deposit of $50,000. AvaTrade has an exclusive program, the Ava Select program, which rewards clients that deposit $100,000 and above in trade volume. The holders of an AvaTrade account and those taking part in the Ava Select program enjoy other benefits such as access to several online courses, daily analysis, and live webinars.
Read the full review on AvaTrade: https://www.dailyforexreport.com/avatrade-review-forex-trading-cfd-trading-online-trading/