Category Archives: Billionaire

GreenSKyCredit Continues Winning Streak with Strong Q2

Published / by TheHI

The world of point-of-sale financing has really been taking off during the last decade. One of the leaders in the world of POS financing is making waves with strong financial results and new strategic partnerships. That company, GreenSky Credit, is making waves due to a strong Q2 quarter and a new alliance with American Express.

GreenSky Credit is known as one of the leading FinTech companies specializing in Point-of-Sale financing. In a five year period, from 2012 to 2016, the company has been able to lend out over $5 billion dollars. Recently, the company announced strong Q2 earnings. This good news was on top of the recent announcement that GreenSky had formed a strategic alliance with American Express.

With the American Express alliance, the credit card giant will market GreenSky Credit’s services to their merchant customers. This could potentially lead to a huge influx of merchants to the FinTech’s company’s growing customer base. As of 2018, the FinTech company has over 12,000 merchants using their point-of-sale financing app.

For those unfamiliar with point-of-sale financing, this innovative financial tool allows merchants such as medical clinics, solar panel installers and general contractors to offer instant financing to their customers. This lead to more high ticket sales for the merchant. And customers now have access to quick lending for their purchase.

In the middle of 2018, GreenSky Credit joined what is known as the “unicorn” club with their $800 million IPO. “Unicorn” is a Silicon Valley and Wall Street term for tech start-ups that raise money on a $1 billion dollar or higher valuation. Since then, the company has continued to grow in revenue and sales.

Founded in 2006 by current CEO David Zailk, the Atlanta based company currently has a full-time staff of 900 employees. The FinTech firm secures lending capital through a partnership with 14 banking entities including Regions Bank and FifthThird Bank. In addition to working with thousands of merchants, GreenSky Credit also provides its service to large retailers such as Home Depot.

https://www.crunchbase.com/organization/greensky

Richard Liu Qiangdong Speaks On His Growth And Global Plans

Published / by TheHI

 

Some people know about the startup of JD.com, but there are many people who are not aware that it started with the birth of a small computer parts company entitled Jingdong Mall. A recent interview with David Rubenstein where Liu Quiangdong highlights the special circumstances that precluded the development of the online giant. He sits down with Richard Liu Qiangdong to discuss how that company managed to take shape in the aftermath of the 2003 SARS epidemic. Richard Liu talks about the fact that there were a lot of people who did not trust online retailers. The reason for this was that many retailers were conducting very dishonest business practices. They were not providing their customers with the merchandise that they had purchased or customers received cheap knockoffs. See This Page for additional information.

 

For Liu Quiangdong, this was the foundation of his Internet-based company. He had to move Jingdong Mall to the Internet market because of the SARS outbreak, but he decided to make sure that is it was an e-commerce retailer it would be one of the best. Liu Quiangdong took his time sifting through the available merchandise for his customers to be sure that he was only providing them with the best. At first, JD.com only featured computer parts and other technology related items. Richard Liu Qiangdong believed that over time he could expand to other categories. This expansion was slow because he took the same amount of time to go through other categories as he did with the initial technology section. Eventually, JD.com began to offer other options and six years later they provided most categories.

 

Liu Quiangdong now has of a company that is worth almost $60 billion. This company has been so successful because they fostered a major focus on customer service. Customer service helps solidify them in the minds of Chinese citizens. They knew that they could depend on them to deliver top-quality products. Richard Liu Qiangdong tells David Rubenstein in a recent interview with Weforum.org that the next step for JD.com is the international stage. Richard believes in the exceptional level of service that JD.com has offered the Chinese public will be much appreciated on a global scale.

 

Source; https://www.forbes.com/profile/liu-qiangdong/#711217232c0d