- Goldman Sachs will purchase fintech business GreenSky.
- GreenSky provides consumer loans for home improvement projects.
- Home improvement has been a major trend throughout the pandemic.
Goldman Sachs Group Inc. said on Wednesday it will buy GreenSky Inc, a fintech platform that provides consumer loans for home improvement, in an all-stock deal valued at $2.24 billion.
Consumers have been doubling down on home improvement spending throughout the pandemic. Recently, homeowners have been opting for bigger, more expensive home improvement projects, as they run out of DIY fixes to complete.
Editing by Arun Koyyur.