Lend Academy, the preeminent resource for the P2P lending industry, and NowStreet Media, producer of acclaimed financial events that highlight Wall Street transformations, are pleased to announce LendIt, the first global conference for the burgeoning P2P and online lending industry. Peer-to-Peer and online lending (collectively, “online lending”) is a relatively new asset class that is rapidly revolutionizing the credit markets and transforming the global banking industry.
Industry Influencers Introduce LendIt, the Inaugural Peer-to-Peer (P2P) & Online Lending Conference
Online lending seeks to exploit the structural mispricing and funding inefficiencies in the traditional banking sector. Through the use of technology, online lenders are able to compress the cost of originating, servicing, and funding traditional loans. As a result, borrowers receive a lower interest rate while lenders receive a very attractive rate of return. Online lending marketplaces have emerged globally for personal loans, student loans and small business loans. With interest rates at all-time lows and big banks hording cash, online lending marketplaces have tapped into a variety of investor sources ranging from large pension funds all the way down to self-directed individual investors.
LendIt is being held at the prestigious Convene Innovation Center in Manhattan on Thursday, June 20, 2013. The day will bring together the industry’s most influential leaders including: Renaud Laplanche, Lending Club‘s CEO, the largest peer-to-peer lending company as well as Ron Suber, Head of Global Institutional Sales for Prosper Marketplace, the nation’s second largest. Combined, these companies have already originated more than $2 billion in loans.
In addition to a powerful lineup of keynote presentations, interactive panels discussions and extensive networking, the event will feature the world’s first exhibit of peer-to-peer and peer-to-business lending portals.
Attendees will include institutional investors, private wealth managers, family offices and individual investors. Admission tickets can be obtained directly at http://lendit2013.eventbrite.com/. Complimentary press passes will be provided to pre-approved journalists and editorial staff.
Peter Rention, Lend Academy’s CEO said, “There has never been a more opportune time to launch the LendIt Conference. The recent rapid growth of online lending has captured the attention of large and small investors alike. We look forward to introducing the investing community to the leading online lending platforms, the providers serving the sector as well as the Wall Street firms that are providing innovative financing structures and capital to this new asset class.”
“It is an enormous privilege to be working with Peter whose work is so highly regarded within the P2P industry. I am thrilled to have the opportunity to, once again, break new ground in the Wall Street convention space with the launch of another cutting-edge industry conference,” stated Dara Albright, NowStreet’s CEO.
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