Many people are now wondering if Marketplace Lending is here to stay. The response from this year’s LendIt conference in New York was a resounding YES! Here’s a little taste from the recent event:
Nobody is a bigger champion of the emerging online lending industry than venture capitalist Charles Moldow.
A general partner at Silicon Valley firm Foundation Capital, Moldow was an early backer of LendingClub and OnDeck Capital, which both held initial public offerings in December. And last year, he published a white paper that’s been widely cited on the trillion-dollar market opportunity in what he termed marketplace lending.
So when an entrepreneur who wants to crack the fast-growing online debt market gets a dinner invite from Moldow, attendance is a no-brainer—especially when many of the industry’s biggest names will also be at the table.
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According to CNBC, investor funds are literally pouring into our sector! Now is a good time to invest and ExtraFunds is well poised as a strong young player in the industry.