WSJ, January 2, 2018: Who’s the Most Valuable Online Lender? After This Deal, It’s GreenSky
Financial-technology firm GreenSky LLC raised new equity from Pacific Investment Management Co. in a deal that valued the digital lender at nearly $4.5 billion, said a person familiar with the matter.
The $200 million investment, announced in a securities filing Thursday, is the latest in a series of cash infusions for companies that arrange credit for purchases of consumer goods and services.
It vaults GreenSky over Social Finance Inc. to become the most highly-valued online lender in the U.S. It also makes the Atlanta company the second most valuable privately held U.S. fintech company behind Stripe Inc., which processes payments for Internet businesses.
