Raleigh-based HCG has raised $5.4 million from 12 investors for a fintech fund; firm specializes in digital finance investments and has previously invested in online lenders including Lending Club; firm is led by Chief Executive Officer Hadi Habal and Chief Investment Officer Jose Penabad. Source
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Online Lending
In our recent blog post, we share a list of companies who spoke at LendIt USA 2016; companies came from over 20 countries with strong participation from the major markets including the UK, China, India, Canada and Australia; below we share details on our attendee breakdown by country and segment which illustrates the diverse crowd you'll get to interact with at LendIt USA 2017. Source
Marcus by Goldman Sachs was launched in 2016 and marked an important point in the consumer lending industry as they decided to build their own platform from scratch; Ainsley O'Connell from Fast Company interviews head of Marcus, Harit Talwar; Talwar shares what was attractive about getting into personal loans and details the Marcus product; stated that there were many consumer pain points and Goldman Sachs was confident they could help; Goldman also has several advantages to give them an edge; not only do they have their own balance sheet, but they essentially built a startup, leaning on 147 years of experience; they also had the advantage that there were no conflicts over any legacy consumer businesses within Goldman; the company worked closely with consumers to bring to market a product they want which Talwar discusses in the interview. Source