EGIA Expands with GreenSky as Exclusive First-Look Financing Partner
July 06 2021 - 4:00PM
Business Wire
GreenSky, Inc. (NASDAQ: GSKY) and the Electric & Gas
Industries Association (“EGIA”) today jointly announced a
multi-year expansion of their existing relationship, whereby
GreenSky has become EGIA’s exclusive first-look financing provider
for its network of tens of thousands of contractors. Since its
inception, EGIA’s financing program has facilitated in excess of
$4.5 billion of commerce.
“We are delighted to expand upon our longstanding relationship
with GreenSky, the nation’s leader in point-of-sale credit for the
home improvement industry,” said Bruce Matulich, EGIA CEO &
Executive Director. “After years of partnering with GreenSky and
several other prime credit providers, it became clear that
GreenSky’s technology, tools, service and commitment to continuous
improvement was the best value proposition for our network of home
improvement contractors. This will allow our network of contractors
greater accessibility to the kind of point-of-sale promotional
financing that will make energy efficiency upgrades and other home
improvement projects more affordable and more accessible for
homeowners.”
David Zalik, CEO and co-founder of GreenSky, added, “We have
enjoyed a long and mutually beneficial relationship with EGIA and
its member contractors, and this long-term exclusive partnership is
a natural evolution of our relationship. We look forward to
continuing to support EGIA members’ consumer financing needs, as
well as collaborating with EGIA in connection with its
best-in-class industry education forums.”
GreenSky’s status as the exclusive first-look partner for EGIA
also positions it to take a key role in EGIA’s new OPTIMUS program.
OPTIMUS is a contracting industry first – a best-in-class
point-of-sale home improvement financing and leasing platform that
gives contractors and their customers the highest approval rates
possible by providing the ideal financing solution for every job
and every credit profile.
About the Electric & Gas Industries Association
(EGIA)
EGIA is a nonprofit organization that empowers home services
contractors to get the most out of their businesses through
industry-leading training, financing and marketplace solutions.
EGIA’s financing program has facilitated financing for over 400,000
residential and commercial projects valued in excess of $4.5
billion by offering contractors a best-in-class suite of financing
options. EGIA Contractor University offers access to the industry’s
most recognized educators, who deliver innovative keys to success
through online training systems, in-person workshops, conferences
and webinars. EGIA Contractor Marketplace brings together some of
the most in-demand vendors and products in the industry at
exclusive pricing. Learn more about EGIA at
https://www.egia.org.
About GreenSky, Inc.
GreenSky, Inc. (NASDAQ: GSKY), headquartered in Atlanta, is a
leading technology company Powering Commerce at the Point of Sale®
for a growing ecosystem of merchants, consumers and banks. Our
highly scalable, proprietary and patented technology platform
enables merchants to offer frictionless promotional payment options
to consumers, driving increased sales volume and accelerated cash
flow. Banks leverage our technology to provide loans to super-prime
and prime consumers nationwide. We currently service a $9.3 billion
loan portfolio, and since our inception, approximately 3.9 million
consumers have financed approximately $29 billion of commerce using
our paperless, real time “apply and buy” technology. For more
information, visit https://www.greensky.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210706005584/en/
GreenSky, Inc. Brinker Dailey 470.284.7017
investors@greensky.com
EGIA Matthew Bratsis Electric & Gas Industries
Association (EGIA) Vice President, Contractor Services (858)
705-5026 mbratsis@egia.org
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