In just three short years, Money 20/20 has quickly become one of the major events of the financial services and fintech industries. With over 10,000 (!!!) attendees from 3,000 different companies, the event can be as hectic and overwhelming as it is engaging and informative.
To help you navigate your way through the show like a pro, today we’re launching the first in a series of posts highlighting the trends and associated companies to watch for while at Money 20/20, leading up to the big event on October 25th.
Today’s Topic: Lending
Lending has had a breakout year, with the successful IPOs of Lending Club and OnDeck Capital both occurring since the last Money 20/20 was held. This year, lending continues to be a hive of activity.
Without further ado, here are our trends to watch for in lending:
- Alternative small business lending gets big, and more alternative – Today, small businesses have access to more financing solutions than ever before, and these solutions will be on full display at Money 20/20. Many of these are tailored and customized for specific needs based on the lifecycle of the business. Some of the companies in this alt SMB lending space are built to support the existing banking system while others are trying to eat the banking industry’s lunch.
Companies to watch:
- Fundbox offers affordable short term loans to help small businesses overcome gaps in their cash flow. With lending based on outstanding invoices, the SMB doesn’t have to wait on the money they’re owed, and they pay back the loan as they get paid.
- Quick Bridge Funding works through sales partners to offer working capital loans to SMBs,