LendIt Impressions: What we learned about the evolution of fintech industry

There has been so much energy and a lot of action recently at YieldStreet and we’re seeing the fruits of our labor. Three recent investment opportunities have sold out in under 20 minutes, with one, Law Firm Financing I, fully allocating in just 10 minutes. This is an exciting time for YieldStreet and we are thrilled to be sharing this experience with you, our valued customers and followers. YieldStreet was thrilled to make our first major debut at a large fintech conference in early March. We exhibited at the LendIt 2017 Conference held at the Jacob Javits Center, where Michael Weisz was also invited to speak on a panel discussing litigation financing. We were happy to see the excitement in the audience and Michael even had a line-up of questions  offstage following the talk. It was evident from crowd reaction that there is a strong interest in litigation finance as this asset class becomes much more well-known and available to retail investors. “It’s amazing to witness the growth and development of our industry. Only a couple of years back, there were only a few hundred people at the LendIt conference. To see the number of attendees grow to thousands in only a couple of years is certainly remarkable,” Michael says. “The fintech industry is certainly at its initial growth phase and I am curious to see how companies will differentiate themselves in the market. We haven’t reached the saturation point yet, but some spaces are definitely getting crowded.” “I am encouraged by how the use of big data is going beyond credit underwriting. There is tremendous opportunity in using machine learning and AI to build investment products that are available to a wider range of investors, YieldStreet is certainly investing heavily to bring such alternatives to our investor base,” remarked Milind. “The “Financial Inclusion” session had some interesting tracks from using data for the underserved to automated savings. I think we are just scratching the surface here, and hope to see more innovation for the retail investor sector beyond Robo Advisors.” Finally, we want to thank everyone who constantly and continually communicate to us their love and excitement for YieldStreet. We appreciate the trust that you place in us and our team.
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