Analysis

What Marketplace Lenders Need to Know Right Now

Lending Times’ April Meetup took place yesterday Thursday, April 8th and was sponsored by Manatt, Manatt, Phelps & Phillips LLP, a progressive and entrepreneurial law firm with offices across the US, representing a sophisticated client base in various industries.

The topic of focus was:

Latest updates on p2p and marketplace lending

My full presentation titled  “Latest updates on p2p and marketplace lending ” can be downloaded here : Latest updates on p2p and marketplace lending

Here were the main topics in my presentation:

  1. Slight increase in default rate, mostly in the sub-prime layers and only in some asset classes
  2. Which attracted attention to a potential downturn. What will happen in a downturn?
  3. The Capital Markets already reacted to these concerns which led to a few surprises
  4. And it also affected originators increasing the difficulty in raising capital
  5. In the meantime what is going on with the regulators ?
  6. And the latest Lending Club changes on regulation and capital sources.
  7. During this time, some market segments are doing well: New entrants and Real Estate Crowdfunding
  8. And to wrap up 2 theoretical thoughts on underwriting and rate increase theory

 

The presentations and the Q&A session with the panel with the following participants : 

• Matt Burton, CEO @ Orchard Platform

• Michael Finkelstein, Founder, and CEO @ The Credit Junction

• Christian Lawless, Founder, and Managing Partner @ Conversion Capital

• George Popescu, Editor-in-Chief @ Lending Times, “The latest trends in Marketplace Lending”

• Brian Korn, Partner @ Manatt, Phelps & Phillips LLP, “First-hand experience working with startups in p2p and marketplace lending”

• Ram Ahluwalia, Founder, and CEO @ PeerIQ

 

Author : George Popescu

About the author

George Popescu

Serial entrepreneur.

George sold and exited his most successful company, Boston Technologies (BT) group, in 2014. BT was a technology, market maker, high-frequency trading and inter-broker broker-dealer in the FX Spot, precious metals and CFDs space company. George was the Founder and CEO and he boot-strapped from $0 to a $20+ million in revenue without any equity investment. BT has been #1 fastest growing company in Boston in 2011 according to the Boston Business Journal and the only company being in top 10 fastest in 2012-13 as it was #5 in 2012. BT has been on the Inc. 500/5000 list of fastest growing companies in the US for 4 years in a row ( #143, #373, #897 and #1270). After the company sale in July 2014 until February 2015 George was Head-of-Strategy for Currency Mountain ( www.currencymountain.com ), a USD 100 million+ holding company focused on retail and medium institutional currencies, precious metals, stocks, fixed income and commodities businesses.

• Over the last 10 years, George founded 10 companies in online lending, craft beer brewery, exotic sports car rental space, hedge funds, peer-reviewed scientific journal ( Journal of Cellular and Molecular medicine…) and more. George advised 30+ early stage start-ups in different fields. George was also a mentor at MIT’s Venture Mentoring Services and Techstar Fintech in NY.

• Previously George obtained 3 Master's Degrees: a Master's of Science from MIT working on 3D printing, a Master’s in Electrical Engineering and Computer Science from Supelec, France and a Master's in Nanosciences from Paris XI University. Previously he worked as a visiting scientist at MIT in Bio-engineering for 2 years. George had 3 undergrad majors: Maths, Physics and Chemistry. His scientific career led to about 10 publications and patents.

• On the business side, Boston Business Journal has named me in the top 40 under 40 in 2012 in recognition of his business achievements.

• George is originally from Romania and grew up in Paris, France.

Add Comment

Click here to post a comment

Your email address will not be published. Required fields are marked *

Testimonials

default image

"Your daily letter is great!" , Ram , Founder and CEO, PeerIQ

default image

"Hi George - just want to tell you that you are doing a great work with Lending Times;-) Brgds, Kasper" , Kasper, Partner and Co-founder at Dansk Faktura Børs A/S

default image

"I've been following your newsletter for some time now and have been very impressed with the content." Charlie,Co-Founder | Bolstr

default image

"Hey George, I must say I really enjoy your site. It has inspired me to do some changes at our platform and we are the biggest consumer lender in Sweden." , Ludwig, CEO @ Savelend Sweden AB

default image

"Your daily email is very useful. It gives quick update on what's going in the market. Thank you very much for all that info." Yann Murciano, Head of Base Metals Trading at Morgan Stanley

Our daily p2p news digest

Daily News Summary Digest Sent Daily To Your Inbox