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GreenSky LLC, which provides technology to help you finance companies and you may resellers making funds, keeps increased $fifty million from 5th Third Bancorp inside a great deal you to philosophy the Atlanta business in the $step three.6 mil, depending on the organizations.

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The fresh capital, set to getting revealed once Tuesday, can make GreenSky perhaps one of the most valuable truly held financial technical startups, more than doubling the valuation regarding good 2014 fundraising.

Yourself Depot, a task financing out of GreenSky provides for to $forty,000 within an apr regarding seven

It been increasing one to providers within the 2012. Since that time, banks have lent almost $5 mil so you can users through resellers having fun with GreenSky’s system. Although enterprise was smaller notorious than just rivals particularly Public Fund Inc. or LendingClub Corp., to some extent because does not promote funds so you’re able to people, make money which consists of own resource otherwise advertise finance straight to consumers.