Alex Shvarts
๐ค SpeakerAppearances Over Time
Podcast Appearances
About 27% of those applicants, we made funding offers.
Yeah.
they might get a better deal from a competitor, better terms.
Like who?
Like who?
There's On Deck, there's Shopify, there's PayPal.
There's a lot of big competitors in the space, right?
So Lending Club is really not a funder.
A lot of them are like kind of lead gen.
So they're gathering, they're telling you they're doing it, and then they send it out.
But Lending Club is not really a business funding.
They do it more personal stuff, consumer-based, right?
I see.
We're absolutely a full fintech in this space.
Our own underwriting, legal, collections, sales, we do everything.
Yes, we have.
Yes.
On any given time, our capacity is about $30 million a month.
More and more fund.
The word is fund.