New York, NY (PRWEB) June 12, 2013
The world’s first conference dedicated exclusively to peer-to-peer and online lending, called LendIt, will be held at the Convene Innovation Center in New York City on June 20. During this inaugural event, LendIt 2013 will showcase online lending platforms from across the globe, the ecosystem of Big Data companies that serve the sector, and the Wall Street firms that are providing investment capital to this rising asset class. The event is expected to be well-attended by fund managers, asset allocators, family offices, venture capitalists and individual investors. Renaud Laplanche, CEO of the world’s largest peer-to-peer (p2p) lending platform Lending Club, will deliver the morning keynote. Other noteworthy speakers will include Ron Suber, head of global institutional sales at Prosper Marketplace, Kathryn Petralia, Co-founder of Kabbage, Inc. and Mike Cagney of SoFi, among others. A press conference will be held at 12:30 p.m. EST on June 20th for all credentialed members of the press.
Since its origination by individual investors in 2006, the online lending sector has generated healthy returns to investors and offered low cost capital to borrowers. Online lending has truly become a disruptive force in traditional banking. Institutional investors have taken notice as the sector has matured, with Google announcing its $125 million investment in Lending Club in May. Online lending has seen explosive growth as traditional lenders began rationing credit in response to the economic slowdown. To date, the two largest P2P lenders –Lending Club and Prosper Marketplace—have facilitated more than $2.3 billion in loans to borrowers.
“For the first time, we are bringing together the leaders in online lending for a one-day conference,” said Peter Renton, founder of Lend Academy and co-producer of LendIt. “Now is the perfect time to educate potential investors on the quality of collateral as well as the depth and diversity of this emerging asset class. LendIt is not just about the latest ideas on filtering loans at the big platforms – it’s about exploring the trends as well as the economic and social movements that are shaping this burgeoning sector.”
LendIt is hosted by Lend Academy, the leading educational resource for P2P and online lending, and NowStreet Media, known for its acclaimed financial events that introduce neoteric asset classes to the investment community. For additional information please visit http://www.lendit.co.
The full conference agenda is available at http://www.lendit.co.
Media RSVP/Inquiries: Credentialed members of the media are invited to attend the LendIt press conference - in person or via a conference bridge - at 12:30 pm EST on June 20th. The press conference will take place in the Rockefeller North room on the day of the LendIt Conference. Media representatives wanting to attend the “live” press conference event will need to RSVP now to register for an official press badge by emailing Kimberley(at)leverage-pr(dot)com. For members of the press who want to dial into the press conference, please use the conference bridge details below:
United States: +1 (646) 982-0002
United Kingdom: +44 (0) 203 535 0624
Access Code: 673-205-711
To schedule preliminary interviews with any of our speakers or the event organizers please call 512-271-9489, ext. 706 or email Kimberley(at)leverage-pr(dot)com.
ABOUT LENDIT 2013
LendIt is the first conference dedicated exclusively to the online lending industry. Its inaugural event, LendIt 2013, will showcase online lending platforms from across the globe, the ecosystem of Big Data companies that are serving the sector, as well as the Wall Street firms that are providing innovative financing structures and investment capital to this rising asset class. Attendees, including fund managers, asset allocators, family offices, venture capitalists and individual investors, will gain an unprecedented advantage by learning about the investment opportunities in online lending directly from its industry leaders. LendIt is hosted by Lend Academy, the leading educational resource for P2P and online lending, and NowStreet Media, known for its acclaimed financial events that introduce neoteric asset classes to the investment community. For additional information please visit http://www.lendit.co.