The CEO of Prime Meridian Capital Managements gives his thoughts on marketplace lending today and what investors need to know. Source
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[Editor’s note: This is a guest post from Prime Meridian Capital Management. Prime Meridian Capital Management is a Bronze Sponsor at LendIt USA...
Prime Meridian Capital Management is a Bronze Sponsor at LendIt USA 2017; in this featured blog post they give a review of marketplace lending in 2016; a challenging year for the industry, lending volumes and confidence retreated for one of the first times in the industry's history due to rising rates and an executive scandal; the release of Lending Club's CEO and Founder Renaud Laplanche added increased incentive for improving operations and increasing transparency which led to recovery in the second half of the year; a number of platforms, including Lending Club, secured new sources of funding and introduced new product expansion; the top three P2P platforms ended the year with combined originations of $2 billion per month and momentum for continued growth appears to be positive for the industry in 2017. Sponsored Blog Post
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[Editor’s note: This is a guest post from Prime Meridian Capital Management. Prime Meridian is a bronze sponsor and will be in...