Although Brazil is one of the countries that have faced the biggest challenges as far as entrepreneurship is concerned, there are still some entrepreneurs in the country who have done a great job. Brazil is ranked among the last countries in the world as far as ease of starting and running of a business is concerned. The main challenges that face the country include high venture capital bureaucracy and heavy taxation. Many business people who had dreams of running enterprises have abandoned the dream after being frustrated by the challenges. There are however others who have made sure that despite the challenges that have been faced in the country, they will never let their dreams to die. One such person is Guilherme Paulus, a prominent businessman in the country.
Guilherme Paulus is an entrepreneur who deals with tour business. In 1972, he created a company known as CVC, alongside his friend Carlos Vicente. The idea was brought by Vicente although it is Paulus who implemented it. Vicente left after four years, and Guilherme Paulus had to do everything alone. He built the company with challenges until his dreams were accomplished. Today, CVC is the biggest tour company in Brazil and Latin America. It is also one of the businesses that have helped Brazil to have a developed tourism sector. He has gone ahead and created another business known as GJP Hotels and resorts. He has created an enabling environment for tourist visiting the country to find world-class accommodation services.
Guilherme Paulus took the chance he found in the accommodation and tourism sector in Brazil, and he has never let go. He has concentrated with this line of business to the extent that he has remained innovative throughout the journey. At no point has he ever tried any other way for the time he was in the industry. CVC is now a multi-billion business. He recently sold 63 percent stake of the company to an American company known as Carlyle Group. He is now ready to build the company further and ensure that there is enough transformation of the business in the country.
GreenSky Credit is a company that works for customers in a way to help them get loans for a variety of home improvement projects. The company’s customers are able to apply for these loans using the company app on their smartphone devices. The company has quickly and quietly become a large financial tech company in the United States. It made a public debut just recently.
The company is based out of Atlantaand has already seen its fair share of good stock prices since becoming public. GreenSky Credit had originally started with shares priced lower, but their expectations were quickly met and exceeded. They plan to use the stock market money they raise to help allow their investors and management team to take their leave. The founder of GreenSky Credithad most of the invested share of the company and this money will allow for the other investors and management team to have more stake in the company as well.
Like stated earlier, the company has quickly and without much notice grew to be one of the largest firms of financial investment technology companies in the nation. It is a startup that grew out of the public eye for more than 12 years. Before it even became public, GreenSky Credit was founded with investments from different investors including some help from ICONIQ Captial, TPG and PIMCO. These investors had no issues coming on board because the founder was able to prove the amount of steady profits the company had already established with no outside help.
The online presence of GreenSky Credit has made it to begin getting compared to other online lending giants like OnDeck and Lending Club. These companies are a bit different than GreenSky because they have struggled immensely as public companies. GreenSky Credit has always prided itself in being different than the rest. The company transfers much of its risk to their deposit-rich banking partners such as with SunTrust, Fifth Third and Regions. These banks fund the loans to the company and then keep those loans on their company balance sheets. In this way, GreenSky doesn’t find itself on the hook for any defaulted loans.