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

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David Zalik, founder and CEO of GreenSky.

Chris Hamilton | GreenSky

Goldman Sachs is acquiring fintech lender GreenSky for $2.24 billion as the investment bank pushes further into consumer finance.

The all-stock deal for GreenSky, called the biggest fintech platform for home improvement loans in a release announcing the transaction, is expected to close by the first quarter of 2022, the companies said on Wednesday. GreenSky shares jumped 44% in premarket trading before they were halted.

“We have been clear in our aspiration for Marcus to become the consumer banking platform of the future, and the acquisition of GreenSky advances this goal,” Goldman CEO David Solomon said in the release….



Source cnbc.com

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