Goldman Sachs acquires buy now, later pay fintech GreenSky for $ 2.2 billion



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David Zalik, Founder and CEO of GreenSky.

Chris Hamilton | Green sky

Goldman Sachs acquires digital lender GreenSky for $ 2.24 billion as investment bank invests more in consumer credit.

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

“We have made clear our aspiration for Marcus to be the consumer banking platform of the future, and the acquisition of GreenSky advances that 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 set of merchants and customers. “

GreenSky shares jumped 44% in pre-market trading before their shutdown.

This story is developing. Please check for updates.

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