Goldman Sachs now buys, later pays Fintech GreenSky for $ 2.2 billion

Goldman Sachs now buys, later pays Fintech GreenSky for $ 2.2 billion

David Zalick, Founder and CEO of GreenSky.

Chris Hamilton | green sky

Goldman Sachs acquires lender GreenSky for $ 2.24 billion as the investment bank moves into consumer credit.

The deal on all shares of GreenSky, which is said to be the largest fintech platform for home improvement loans, is expected to close by the first quarter of 2022, the companies said on Wednesday, announcing the deal.

“We are clear in our aspiration for Marcus to be the consumer banking platform of the future, and the acquisition of GreenSky contributes to this goal,” Goldman CEO David Solomon said in the statement. “GreenSky and his talented team have built an impressive cloud native platform that will allow Marcus to reach a new active group of merchants and customers. “

GreenSky shares jumped 44% in pre-market trading before the halving.

This story is developing. Please check for updates.

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