A People Oriented Trillion Dollar Market16 July, 2015
The hope is that marketplace lending will remake banking as we, as humans, know it to be. Quite simply, traditional lending works well, but only for the banks.
For centuries, we have seen that the idea of banking has remained fundamentally undisturbed, and particularly stagnant. Banks, as intermediaries, have always added on cost to transactions on both sides of the equation, today, though, technology and innovation make it possible for a new generation of financial services like Monexo to exist. Platforms like Monexo make the provision of financial services more affordable, and more available.
See more at: https://foundationcapital.com/admin/resources/whitepapers/p2p-lending-print-h-v20.pdf
Author: Charles Moldow – Foundation Capital