GreenSky Credit is one of the more innovative companies to have come out of the fintech industry over the last few years. Although the company has followed a very conservative business model, only going after prime borrowers in markets where there is demonstrated value creation taking place, GreenSky has pioneered a new business model, the likes of which have never been seen before.
Big bets on a sure thing
GreenSky Credit’s revenue model is so unique and the business itself so novel that the company’s founder and CEO, David Zalik, found himself having a great deal of difficulty in convincing bankers to help him finance it. Back in 2005, Zalik went on the road to pitch the idea of GreenSky to bankers and other investors across the country. But the entire business model was so unique that he couldn’t find any bank that was willing to back him. He was eventually forced to liquidate his more than $12 million real estate empire and completely fund the new business himself. This would turn out to be a huge net positive for both Zalik and GreenSky.
The problem that the bankers could not overlook was that Zalik was claiming that he could get both his lending partners and his retail partners to pay GreenSky for originating instant loans while also avoiding taking on any lending risk. The bankers and prospective investors wanted to know why on Earth any lender would pay someone to originate a loan if that party was already receiving a large amount of compensation for their services from a third party, and they had no intention of taking on any downside risk at all relating to the possible non-performance of the loans. Zalik had one answer: money. And it turned out that the company was able to generate lots of it.
The secret behind the company’s ability to get its retail partners to pay 6 percent while getting its lending partners to pay a 1 percent annual carrying fee on every dollar loaned is that all of these parties are getting additional high-quality business that they never would have otherwise had.
Stream commonly referred to as stream energy is America’s leading direct selling and connected services. The company was started in the year 2005 and it has since grown to be the best energy company in the United States offering several services including wireless, protective and services to its clients. The company is headquartered in Dallas, Texas and currently between 200 to 500 employees who are well paid and constantly motivated in to continue providing the best services for the company. The Stream Energy Company offers its services in numerous parts of the United States like New York, Pennsylvania, Illinois, Delaware, New Jersey, Maryland, Washington, Ohio and also Texas.
Achievements of Stream Energy and its contribution to the Society
Stream Energy has expanded in various ways since it started. Some of the ways that the company has expanded include connecting life services such as international wireless plans, virtual MD, digital voice service among other services. In all the services that are offered by the company, they make sure that their customers are connected from wherever they which could be home, traveling or at work. Among the things that have made Stream to be unique in the energy industry is the way they empower their employees and associates to do more than what they do in order to earn n a living. Stream believes that they should not only make a better life for their company but they are dedicated in also making sure that their clients get the best.
The company has also started a parallel charity organization because corporate philanthropy has also been a part of Stream’s DNA. The company recently launched a charity foundation known as Stream Cares. The move made by the company in order to formalize its ongoing operations in Texas. The company has done a lot including the Hurricane Harvey victims. Stream Company is currently considered a living example for other companies to understand the importance of paying back to society. Corporate philanthropy is a perfect way to ensure that the company gets a chance of back to the society at the same time building its reputation.
Anil Chaturvedi is considered an international authority on banking and finance with over four decades of experience in the sector. He has completed his masters in business administration from the reputed FMS College, Delhi and did BA Honors in Economics from Meerut University. Anil Chaturvedi has been able to move up the ranks in the banking industry in a brief period after he started working in New York at the State Bank of India. At State Bank of India, he was given the man of the year award for being able to generate business of more than $500 million in just four years due to the innovative marketing strategies that he devised and implemented.
Anil Chaturvedi took his experience at the State Bank of India further to the ANZ Grindlays Bank where he joined next as the Vice President of US Operations. At ANZ Grindlays Bank, Anil Chaturvedi was primarily responsible for developing new products and ensuring the bank is compliant with the government banking guidelines and regulatory laws. It helped the bank to function smoothly and profitably without any compliance or operational issues. After working for nearly two years at ANZ Grindlays, Anil Chaturvedi joined Merrill Lynch, which was a life-changing decision for him. At Merrill Lynch, he catered to the ultra high net worth individuals and provided personalized wealth management and investment solutions to manage their wealth and help them achieve their investment goals. Anil Chaturvedi learned a lot about the financial and banking world while at Merrill Lynch and was the member of the Circle of Champions at Merrill Lynch. It is a prestigious position to be in.
Currently, Anil Chaturvedi is with one of the largest private banks in Switzerland, named Hinduja Bank. Anil Chaturvedi is always looking for new opportunities, and at Hinduja Bank, he hopes to use his experience and expertise to the best use for the clients. Anil Chaturvedi’s primary goal at Hinduja Bank is to help with mergers and acquisitions as well as corporate advisory. He also plans to support the businesses in India, Asia, US, and Europe to expand their business network across the sea for mutual benefits.