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Sergey Petrossov is the founder and CEO of JetSmarter based in Florida, USA. Sergey Petrossov received the prominent Forbes 30 under 30 award and he was among the top Working Professionals in South Florida and in Consumer Technology. Sergey desired to start innovative industries that are working tow3ards the new technological advancements. Besides JetSmarter, he co-founded Federal System of Distance Education as well as LiveContact where he served as the company’s vice-president. The two information technology companies he founded¬†were platforms designed to improve online communication between Russian speaking consumers.

Moreover, he worked for a private jet company in South Florida as an Advisory Board member. The company Gulfstream by that time had a great demand for its services in the world. These made him have the experience he has now in regards to innovative technology. Working in the company, he flew in a jet for the first time but to him, it was a realization of a business gap. Sergey noticed that flight booking systems face major challenges, especially with the Charter Flights.

Following the digital mobile communication services that were on the rise, he felt that he needed to change the old idea of the traditional brick-and motor booking system. The problem with bookings in aviation could be solved through the new technology hence coming up with the idea of starting his own company JetSmarter. Sergey Petrossov designed an app that could connect with private jet companies and worked to get enough funding for the creation of a better version of JetSmarter. Today, Sergey is working with a professional team who have worked for giant companies such as Uber, NASA among others.

What is GreenSky?

GreenSky has totally transformed the traditional personal lending industry by providing almost immediate financing through an app to borrowers for use on home improvement projects. This company has revolutionized the way that borrowers approach home remodeling and financing by streamlining the process and offering stress-free access to credit options without forcing borrowers to jump through hoops. Its innovative approach to personal lending has paid off for the company and investors because it is now valued by Forbes at more than $4.5 billion.

How Successful is the Company?

Its recent success and demonstrated track record of both lender and borrower satisfaction has earned Greensky a highly coveted spot on Forbes’ Fintech 50 List for 2018. The company has successfully completed transactions totally more than $10 billion by linking eligible borrowers with solvent companies looking to expand into the personal lending industry. Borrowers are able to take advantage of promotional interest rates by paying off their loans early, which is attractive to homeowners who might want to avoid taking out a second mortgage on their house.

How is GreenSky Expanding?

The personal lending model that GreenSky developed is particularly attractive because it can be used for additional types of personal expenses outside of the home renovation field. For example, the company is looking into providing financing options for medical and dental expenses. This could be especially convenient for borrowers looking for ways to finance elective surgeries that would not otherwise be covered under traditional health or dental insurance options. The same could be true for pet owners looking for a way to manage unexpected pet surgery bills.

The principles that this company has relied on to branch into the personal lending space for home renovations so effectively will certainly guide its development into other spheres. Investors remain confident that this company is a solid choice for continued growth for years to come. The leadership and management have bolstered confidence in its growth strategy thanks to a dedication to constant innovation and a focus on providing excellent customer service at all times for all transactions.

https://www.fool.com/investing/2018/09/11/why-greensky-inc-stock-climbed-171-in-august.aspx