TEL AVIV, July 17, 2017 –
Pagaya Investments was pleased to host Orchard, the leading P2P data and technology provider at its offices last week for this year’s Tel Aviv Online Lending Meetup, bringing together friends and investors in the marketplace lending community for an evening of cocktails and to hear more about trends and challenges ahead for the fast-growing online lending industry.
Shayne Mullen, head of business development for Orchard, recalled his early meetings in previous years with Gal Krubiner, and the founders of Pagaya, exchanging quick fire ideas in the capital of the start-up nation on how best to facilitate growth in the fledging marketplace, and ultimately expand reach for consumers, small businesses and others moving online to get access to better financing.
Shayne spoke about Orchard’s continued growth trajectory, working with lending platforms to standardize and ensure the quality of loan data across originators, and provided an update on Orchard’s efforts to further expand institutional access to the online lending markets.
Gal Krubiner, CEO of Pagaya Investments, was happy to see the wall to wall turnout for the evening as a reflection of the growing interest in marketplace lending, noting the evolution from P2P (peer to peer) more to I2P (institutional to peer) as institutional investors and larger asset managers continue to increase their investments and exposure to this asset class via pooled direct investments and ABS securitizations of platform originated consumer loans.
About Orchard – Building a new foundation for global credit
Orchard is the leading provider of data, technology, and software to the online lending industry. Founded in New York City in 2013, Orchard is building the infrastructure to power the many interactions between originators and institutional investors and help grow online lending into an efficient, transparent, and global financial market.
About Pagaya Investments – Dedicated asset management for online credit
Pagaya is a high technology driven quantitative asset manager with a dedicated focus on marketplace lending strategies, utilizing state-of-art algorithms and big data analytics to construct consumer loan portfolios originated from the major peer-to-peer lending platforms like Prosper and Lending Club.
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