This week the former Treasury Secretary delivered the keynote address at LendIt. He expects online lenders to eventually capture 70% of the market share in small business lending.
The former Treasury Secretary sees online lenders capturing a 70% market share in small business lending. It’s not everyday that a nascent industry gets the endorsement of a figure as prominent and well respected as Larry Summers.
http://fortune.com/2015/04/15/larry-summers-full-throated-endorsement-of-online-lending/