Do Marketplace Lenders Need to Take Balance Sheet Risk?

At the recent altfi conference in NYC, Rhydian Lewis from RateSetter and Rob Young from OnDeck debated the need for marketplace lenders to take balance sheet risk. (see the video below)

According to Georgia Quinn of Crowdfund Insider, “noteworthy absentees [at this conference] from former years were SoFi, Dealstruck, OurCrowd, Symbid, LendKey, Biz2Credit, OneVest, Realty Mogul, Assetz Capital, CommonBond, Seedrs, Crowdcube, P2BInvestor, and Zopa.” She speculated that it might have something to do with the Lending Club scandal from earlier this year.

Altfi is a UK-based company, competing against many other industry conferences in the US. Competition among conferences probably had more to do with a low turnout than anything else. For a list of upcoming conferences that should have a good turnout, see the upcoming schedule HERE.