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

1 week ago
ARTICLE AD

David Zalik, laminitis and CEO of GreenSky.

Chris Hamilton | GreenSky

Goldman Sachs is acquiring integer lender GreenSky for $2.24 cardinal arsenic the concern slope pushes further into user finance.

The all-stock woody for GreenSky, called the biggest fintech level for location betterment loans successful a release announcing the transaction, is expected to adjacent by the archetypal 4th of 2022, the companies said connected Wednesday.

"We person been wide successful our aspiration for Marcus to go the user banking level of the future, and the acquisition of GreenSky advances this goal," Goldman CEO David Solomon said successful the release. "GreenSky and its talented squad person built an impressive, cloud-native level that volition let Marcus to scope a caller and progressive acceptable of merchants and customers."

GreenSky shares jumped 44% successful premarket trading earlier they were halted.

This communicative is developing. Please cheque backmost for updates.

Become a smarter capitalist with CNBC Pro
Get banal picks, expert calls, exclusive interviews and entree to CNBC TV. 
Sign up to commencement a free proceedings today.