Able was selected among 30 companies as one of the eight fintech startups to pitch at the third annual LendIt USA Conference next week in New York City. This is the first year that LendIt is debuting its fintech track and the first year it is hosting the pitch competition. We are proud to be a part of this inaugural moment.
LendIt is the world’s largest annual gathering of the online lending community. Attendees include lending platforms, institutional investors, angel investors, venture capitalists, investment bankers, fintech reporters, and service providers.
For the first time publicly, we will deliver a five-minute presentation on our company, followed by a five-minute Q&A with respected angels and VCs on Tuesday, April 14 at 3:59pm EST. We are excited to share our lending platform and tell our story in front of an influential group that includes: Phin Upham at Thiel Capital, Gil Penchina at Penchina Syndicate, Charles Moldow at Foundation Capital, Geoffrey Miller at GLI Finance, and Santo Politi at Spark Capital.
Able is one of a few lenders that has a differentiated commercial loan product — our subordinated loan structure gives us a unique pricing insight and, as such, unique ability to offer lower interest rates to the same borrowers. Meanwhile, because we make loans public and involve a socially-active set of Backers, our model creates several added channels for acquisition, lowering our overall acquisition cost.
These advantages set us up to take over a sizeable portion of the $250b of annual SMB originations. When we pull this off, we will not merely have taken customers away from other lenders — we will have enabled tens of thousand of businesses to get access to capital, grow their companies, and create more jobs.