At the Lendit 2014 conference the peer to peer crowd came from across the globe to share notes and discuss how the banking and financial industry will never, ever be the same again. As part of that event, Ron Suber, Prosper President, gave a keynote address where he shared his vision for the future of lending. A collision of Silicon Valley and Wall Street – Ron talks about the tipping point in the revolution that is occurring now and that 5 years from now many will wonder about the old days.
So if you are a P2P industry participant or just fascinated by the earth shattering change lending is experiencing today – this is a must watch video (unless of course you got to see it live). Prosper generated over $100 million in loan origination last month. Any guesses on where that number will be 12 months from now?