The Point-of-Sale financing business has been booming for the past decade. And one FinTech company is leading the charge with big earnings numbers and a major strategic alliance with American Express. That company, GreenSky Credit, is fast emerging as one of the fasting growing finance companies in America.
Recently, the FinTech company announced surprising Q2 earnings. This announcement comes on the heels of the company’s announcement of a strategic alliance with American Express. The Point-of-Sale FinTech company will now have their services marketed to the credit card giant’s merchant customers. This marketing coup will allow GreenSky to acquire a number of new merchants onto their point-of-sale financing app.
For those unfamiliar with point-of-sale financing, GreenSky Credit offers an app for merchants that allows instant financing for their potential customers. Let’s say a general contractor offers a $10,000 estimate for a kitchen renovation. The potential client may bristle at the high price. The merchant can then offer the company’s point-of-sale lending option as a quick financing solution. The customer can then apply for credit and get an approval almost instantly. The result is that the merchant can close more sales and the client can get quick financing for their purchase. Currently, the FinTech company is used by a number of merchants from general contractors to solar panel installers to medical clinics.
GreenSky Credit recently enjoyed a huge $800 million dollar IPO. This propelled the FinTech company into the ranks of unicorn start-ups with a valuation of over $1 billion dollars. As of 2018, the company has over 12,000 merchants using their app along with major retailers like Home Depot.
GreenSky Credit was founded in 2006 by their current CEO David Zalik. Based in Atlanta, the company has a staff of over 900 employees. Currently, the company is lending partners with 14 financial entities including Regions Bank and FifthThird Bank. As the company enters its next decade, GreenSky Credit will continue to grow the FinTech point-of-sale leading space.
There was a very exciting article that came my way about a new social media platform called Skout. It is one of those applications that allows you to meet new people in your area, but this one provides a really special experience for users, and I heard that it is extremely easy to find real friends on their platform. People are flocking to this application in search of real relationships of all types: online friends, real life friends and even romantic relationships. It is incredible to imagine what types of new individuals that one can meet on their phone without leaving the home. The article was from Adweek. Let’s talk a little more about Skout’s platform and the types of things you can do on their network.
What Is Using Skout Like?
When I introduced the concept to my current real life friends, this is the first questions that they asked me. My friends, and myself as well, are from a generation that is older and not used to these types of applications on our phones helping us make a bigger circle of friends. However, I gave it a try, and I was quite pleased, so I decided to introduce it to my real life friends. I even decided to introduce one of my new friends from Skout into my circle of real life friends. The two groups got along really well, and we still get together for drinks or coffee every week.
Skout’s application is really fun, and it is quite easy to use as well. You can download it for free, and even though Skout uses a points system for in app purchases, the application is completely free to use. You do not need to buy points, but you will always have that option. The points are not necessary to search, message, view profiles or any of the necessary operations. However, using points will make the entire experience more engaging. You can gain more attention by using points on Skout. There are also free ways to earn extra points.
Parents are finding out a lot about social media apps, and most of what they are finding out comes by way of their children. Apps are changing all the time, and kids are always moving from one social media app to another just as one gets hot. This is why most parents get their information from their kids. Some apps fade away, while others grow hotter and hotter.
This is the case with apps like Skout. In the past couple of years Skout has become the premiere site for people that want to date, make new friends and connect with associates that can lead them to that next big job opportunity. The Internet is filled with cool sites like Skout, but this site has managed to stand out because it has a lot of users. There are millions of people around the globe that are linked to Skout. That makes it an app that connects friends and lovers on a global level.
Skout is an app that is popular with the young adults and teenagers. It has features that give you the ability to chat with random people. It is also very easy to build up an online friendship with people because there are so many users to connect with. People that are connecting to Skout will find that there are locals that they can meet for dating. There are also lots of people that join the site to make friends. This is the most common thing for teenagers, but there are some adults that sign up for networking purposes.
WhatsApps is another app that has become popular in recent years. This has become one of the best resources for people that want to communicate with friends in real time. There is also a notification feature on the app that lets you know when your friends are logged in. Users can set up the notification with a sound effect that lets users know when someone is online without even taking the phone out of their pocket. Many people enjoy this app because they can leave a message for a friend to view later. This is a heighten form of privacy that is a lot more secure than simply sending a text message.
People that like security for the messages that they send will also appreciate Snap Chat. This is a social media app that allows people to send messages that are deleted forever after a certain time period. That is something that has become more popular with teens because people do not like to have a message trail of things that they have said in the past. This app is very popular with teenagers that are constantly sending text messages.