OurCrowd New York Investor Lunch feat. Borro Founder & CEO, Paul Aitken
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OurCrowd invites you to join our CEO & Founder, Jon Medved, and Borro CEO, Paul Aitken, at an exclusive investor lunch in New York City on Tuesday, January 13th.
Medved is the founder and CEO of OurCrowd, the world’s largest equity crowdfunding platform for accredited investors which has raised more than $80M for 52 portfolio companies since its launch in February 2013. Bloomberg Businessweek said that OurCrowd “has blown up the exclusivity around tech fundraising” and The Jerusalem Post added that "It has taken OurCrowd only a matter of months to become one of Israel’s most active funds". TheStreet.com said that OurCrowd is “Crowdfunding for Real Investors.”
Borro is an online asset-backed lending platform with over 70% loan origination growth, $20MM in annual revenue in 2014, and an investor roster that includes the same early investors in leading fintech innovators Lending Club, Zopa, Wealthfront and Funding Circle.
Bank loans and other traditional sources of credit come with a number of significant drawbacks and fail to serve large portions of the market. The combination of the post-recession liquidity crunch, new bank regulations and increased dissatisfaction with the quality and cost of banking services has led to the emergence of one of the fastest-growing sectors of innovation in the world today: alternative finance and online lending.
Borro fills an important void in the online lending market, enabling asset rich individuals to borrow against personal luxury assets such as jewellery, art, cars, fine wine and other valuables. Borro offers a much needed alternative to financial institutions, providing clients with short term liquidity quickly and without the need to sell any assets.
The company’s asset-backed lending model offers an attractive risk reward ratio. After appraising an asset, Borro lends the client on average 66% of the item’s value for a 6 month term and takes physical possession of the collateral. With an average loan amount of $30,000, average yield of 4.1% and the average client taking 3.5 loans, Borro’s customers have a substantial lifetime value and are highly profitable. Even in the unlikely situations of default (historically <10%), Borro has recovered around 135% of the loan principal in aggregate.
Tuesday, January 13th
Lunch will be served.
Please complete this registration form to reserve your space, and please direct your guests to do so as well. Thank you.
For any questions, please email Scott Dubin at
THIS EVENT IS NOW SOLD OUT
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