By Writer S. Ryan Meyer of PandoDaily
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"...Over the past few years, the so-called “sharing economy” has emerged, with all manner of technology companies springing up to create transactional efficiencies or monetization streams out of sharing tangible assets: the home (AirBnB), the car (Lyft, Uber), the boat (Boatbound), and, naturally, the private plane (Surf Air, BlackJet). This is all good and necessary.
The next logical progression of the sharing economy, however, is to make use of all this financial digitization to create efficiencies from a now very portable assets. Indeed, the market for small business loans is in the throes of change, with peer-to-peer debt companies like Lending Club scaling quickly and preparing to go public. What you may have missed in this story is that institutional money now represents as much as 50 percent of LendingClub’scurrent volume."
