Investors who pool their money in order to lend to borrowers are on the forefront of the rapidly growing peer-to-peer (P2P) lending field. P2P allows individuals an alternative to banks and other traditional borrowing services. Some borrowers take out loans to finance major and often necessary purchases like a car, or to consolidate credit card or student loan debt. In fact, in just a decade, the majority of those seeking alternative borrowers have shifted from paying off car loans to starting a business or investing in real estate properties. Today, peer-to-peer is often referred to as marketplace lending, but no matter what it’s called, it’s clear that this new industry is changing the finance game.
On September 28 at Thomson Hall in New York City’s Financial District, industry leaders are gathering for Crowdfinance 2015: The Evolution of Global Marketplace Lending. Sponsored by Crowdnetic and Thomson Reuters, the event features keynote speakers, panel discussions and exhibitors, and will provide exclusive networking opportunities to attendees who strive to capitalize within the marketplace lending industry. Be sure to read Equities.com's interview with Luan Cox of Crowdnetic on this year's conference as well.
Crowdnetic, one of the event’s hosts, is the leading provider of technology solutions to the marketplace lending and crowdfunded-securities industries. With a respected reputation that is also an industry draw, this year’s event met with high expectations. “Crowdnetic's magnetism as the leading market information provider for the crowd finance industry brings together some of the most insightful and dynamic participants in the industry, said Michael Rose of Metropolitan Capital, the only boutique universal bank in North America exclusively focused on startup-to-medium-sized businesses. “I am looking forward to the opportunity to hear from so many of these market leaders about the innovations and advancements that they are contributing to the evolution of the industry, which I expect will again this year be both illuminating and inspiring.”
While some will be focused on how to take advantage of this emerging industry through the presentation of new innovations, others are interested in gauging the sector through industry and business testimonies. This will allow attendees to discuss and work through the field’s growing pains. “I'm most excited to get a better finger on the pulse of where the industry is headed, and to learn from the experiences of my peers at the other online platforms,” said Krista Morgan of P2Binvestor, a marketplace lender that provides crowdsourced working capital financing to small and medium-sized businesses. “It's an exciting time, and gathering at Crowdfinance 2015 is such a great benefit for us all.”
A Chance for Crowdfinanciers to Share Ideas
A significant aspect of this year’s event reveals a time worn secret to any emerging industry: networking. Lenders and borrowers alike work together in order to get on the same page. “At Patch of Land, we consider the other companies bringing borrowing online to be our friends, advocates and competition,” said AdaPia d’Errico of Patch of Land, an alternative solution for real estate financing that brings borrowers and lenders together through a simple online interface. ”In our eyes, we’re all attacking the old school means version of the real estate funding business together. That’s what keeps innovating and growing this market – the fact that we’re all able to work towards the same cause.”
With a promising future for marketplace lending – particularly now that financial institutions like Goldman Sachs Group (GS) are taking notice, attendees are becoming aware of certain trends that are responsible for the industry’s growth. “It’s been an incredible year of maturation for the marketplace lending sector,” said Sam Hodges of Funding Circle, the leading global marketplace for small business loans. “The industry is becoming increasingly global, and I anticipate seeing even more major financings, securitizations and M&As domestically and abroad in the coming months. In my opinion, one of the most exciting developments we're seeing in the space is marketplace lenders, including Funding Circle, collaborating with banks and other major financial institutions to better serve customers.”
For more information about Crowdfinance 2015, visit www.crowdfinance2015.com.
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