It provides technology to banks and merchants to make loans to consumers for home improvement, solar, healthcare and other purposes.

[citation needed] On March 15, 2024, it was announced that Goldman Sachs completed the sale of the firm to an investor group consisting of Sixth Street Partners, KKR, Bayview Asset Management and CardWorks.

[3] GreenSky signs up merchants who sell items, such as furniture and home improvement products, including window replacement, aluminum siding, and roofing.

[6] The firm—and others like Affirm Inc., Klarna Inc. and Promise Financial Inc. -- essentially supplant credit cards for larger and more focused spending on consumer projects and then effect a fixed-period and fixed-interest-rate payback.

Other competitors in the general market are Avant Inc. and On Deck Capital Inc;[3] in solar, Mosaic Inc. and Spruce Finance Inc., backed by Kleiner Perkins Caufield & Byers.

[11] In June 2020, it reported the closing of an Incremental Term Loan B facility of $75 million, the proceeds of which would be used for general business purposes and to strengthen the overall liquidity structure of the company.