Sharing his thoughts about his new position, Mackay stated, “I am very excited by how technology is challenging traditional business models and I believe peer-to-peer lending has the potential to grow very quickly.
Its massive cost benefit over traditional banks enables it to offer much better rates, while the advancements in data collection make low risk and sensible lending decisions possible
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- Lending Works has had an amazing growth trajectory, since launching in January of 2014 they've know grown to the point of lending over 1 million British Pounds per month throughout the UK.
- As co-head of hedge fund GLG's equity business for 7 years, Jason Mackay played a major part in accumulating $3 billion in assets.
- Lending works is the first and only P2P lending company to offer insurance to their lenders' savings against borrowers inability to pay to unforeseen circumstances like lost jobs, sickness and death.