GreenSky Credit follows radically conservative business plan

The fintech sector has been beset with some spectacular failures over the last few years. Once promising firms that raised billions in capital and promised to revolutionize the banking industry have crashed and burned, annihilated by their own hubris. Many of these fintech companies seemed to be led by executives who were apparently high on their own supply of nonsensical utopian jargon and catchphrases. Concepts like microlending, community sustainability and NINJA loans, which were once staples of the cutting-edge fintech community have turned out to be, to paraphrase Warren Buffet, weapons of financial mass destruction.

A wiseman among fools

But not everyone in the fintech industry has been swept away by mass delusions and the madness of the cloud crowd. David Zalik ranks among the more sober practitioners in an industry overrun with pretension and megalomania. Zalik is the founder and CEO of GreenSky Credit, a company that has been revolutionary in its absolute refusal to follow any of the crazy trends that have consumed fintech over the lasts 10 years.

Rather than attempting to burn the lending industry to the ground to pave the way for completely new institutions to rise from the ashes, Zalik recognized that the best way to make money within the millennia-old lending business was to use technology to allow more of what has been proven to work all along. And that is exactly what GreenSky Credit has done.

The company uses one of the most frictionless apps ever devised for lending to allow point-of-sale retail customers to get truly instant loans for amounts up to the low six figures. While this is far from a revolutionary concept, the real genius in GreenSky’s business model lies in the fact that Zalik has found situations where these loans are creating tremendous value. In particular, GreenSky helps homeowners who otherwise could not complete their big-ticket remodeling projects to do so.

Most of these customers will see large gains in their home’s value above the cost of the projects themselves. And this built-in value creation means that almost 100 percent of GreenSky loans have been paid back in full, making the company’s lending partners trip over each other to get GreenSky business.

As the winner of the prestigious Templeton Foundation investment competition and a veteran Wall Street hedge fund manager, writer and financial guru, Paul Mampilly’s financial newsletters are full of helpful information for potential investors.

Paul Mampilly was a key force in the hedge fund management world who garnered serious Wall Street credibility and respect from his peers and stakeholders. Paul Mampilly got started in finance in 1991, by working for many firms on Wall Street. Read this article at

Mampilly has received many kudos for winning the Templeton Foundation Investment Competition. Mampilly came in first place in 2009, by turning a $50 million dollar portfolio into $88 million. It was this extraordinary, 76 percent increase that helped him gain kudos from many industry leaders who were impressed with this impressive outcome.

Paul Mampilly got his start in finance by working as a portfolio manager at the company, Banker’s Trust. Paul Mampilly eventually obtained a bigger role, after spending years at Banker’s Trust. Mampilly decided to take on a new role, one which involved the management of hundreds of millions of dollars in the healthcare area for Deutsche Bank. Mampilly also had a work stint with ING Group, after he left his original position at Banker’s Trust. Paul Mampilly has had 20 plus years of financial work background. Mampilly has also appeared as a guest on many different news outlets like Bloomberg TV.

Paul Mampilly decided to join the financial asset management firm, Kinetics Asset Management in 2006. After being hired by Kinetics, Mampilly increased the value of the assets at this firm to $25 billion dollars — up from the original $6 billion sum. Over the years, Mampilly also managed Swiss bank accounts, the account for Sears, and the Royal Bank of Scotland’s account, while at Kinetics.


Paul Mamphilly made a big change in his life at 42. Mampilly decided on North Carolina as a place to relocate to so could spend a lot more time with his family. He made the decision to write full-time and leave Wall Street behind.

Today, Mampilly is the Senior Editor of the newsletter, Profits Unlimited. It is one of his three newsletters which are available from Banyan Hill Publishing. Mampilly also oversees True Momentum and Extreme Fortunes, these newsletters are published by Banyan Hill Publishing. Banyan Hill Publishing was created in 1998 and is a subsidiary of Agora, Inc.

In regards to Paul Mampilly’s educational background, Mampilly earned an MBA from Fordham University in 1996.

Mampilly also noted about Bitcoin (cryptocurrency) that the bubble will burst. He said that he sold all his stocks before the stock bubble popped in 2000. Follow Paul on Medium.