Download - eFinancials2015 - Miglena Dobreva - Lendex
THE FUTURE OF CROWDLENDING Miglena Dobreva
Founder & CEO
CROWDLENDING PLATFORM
WHAT IS CROWDLENDING
STRUCTURALLY LOWER COSTS
1. EFFICIENT PROCESSES
2. LOW OVERHEAD
3. LOW COMPLIANCE COSTS
INCREASINGLY DRIVEN BY TECHNOLOGY
GLOBAL CROWDLENDING MARKET
US, UK & CHINA ARE LEADING THE WAY
51%
17%
28%
4%
US UK CHINA OTHER
Name Invested amount
LENDING CLUB US $ 2B Q2 2015
PROSPER US $ 5B
ZOPPA UK £ 1B
RATESETTER UK £ 700M
AUXMONEY DE € 350M
PRET D’UNION FR € 210M
COMUNITAE SP € 21M
SMARTIKA IT € 20M
MAIN CONSUMER LENDING PLATFORMS
IPO is the 4th
Largest IT IPO in history
Credit Suisse leads $165M investment
round at $1.9B valuation
Shareholder AEGON commits
€ 150M of funding for loans
Gets £20M funding at
£100M valuation
HUGE MARKET POTENTIAL
STEADY MARKET DEVELOPMENT
• The first credit risk derivative products for the
consumer crowdlending market are a fact.
• The first consumer P2P investment funds are a fact
(US, UK, Canada, NL).
• Attractive returns, limited defaults in case of adequate
diversification.
DUTCH MARKET
SCOPE CROWDFUNDING – 2015 (NL)
78%
5%
4%
13%
Lending Charity Equity Other renumeration
Financed: € 91.3 M
Open: € 24.9M
Average amount: € 26K
Source: Fundwijzer.nl
DUTCH MARKET
1) Growing steadily but still negligible€35M (2013), €65M (2014), €100M (2015)
2) Very fragmented and focused on SME
3) Consumer lending underdeveloped
no dominant player yet
4) Growth is yet to come
THE FUTURE
Consolidation
Institutional Investors
Secondary marketDerivative products
Large professional pan European
players
Multi product
Professional lending
Exchanges
LENDEX
LENDEX APROACH
Approaches the market from investors perspective.
Focus on low risk products.
Build and manage the portfolio on behalf of the investors.ease for the investor/speed for the borrower
Structure the asset as a tradable security .
LENDEX WAY OF DOING THINGS
1) Build a great product. Technology is key!
2) Create trust
3) Deliver quality and over exceed
expectations
4) Build and open market
THANK YOU