Video: What’s next for marketplace lending?
Experian, the world’s largest credit bureau, recently sat down with our co-founder, Sam Hodges, to discuss the past, present and future of marketplace lending.
As US managing director of the leading global marketplace for small business loans, Sam provided his unique perspective on the rapidly evolving industry. “Specifically in the small business space, we think lending is pretty badly broken in most parts of the world…we’re really excited about the potential for marketplace lending to transform the way credit is provided.”
Funding Circle has already provided more than $2 billion to over 15,000 credit-worthy small businesses in the US, UK and central Europe. As Sam explained, we’re different from other lenders because we are a pure marketplace where over 47,000 institutions and individual accredited investors with different risk appetites can buy credit and support a diverse set of borrower needs.
Our sole focus is on small businesses. And we offer our borrowers access to fairly priced term loans with the convenience and speed that a traditional bank could never dream to match. Our impact on the financial world is already being felt, but we’re just getting started.
What does the future hold for Funding Circle and the online marketplace lending industry as a whole? Watch the video to find out.