Marketlend Academy: 2019 Outlook – The big challenges for 2019
2019 looks like another good year for Marketlend, which is great news for you. A strong year for Marketlend means even more flexible finance for SMEs to grow, and more great opportunities for investors.
Watch Marketlend CEO Leo Tyndall’s 2019 outlook, what he’s excited about, and what he sees as the biggest challenges in the year ahead. Or, read the transcript below.
We’re looking at quite a very positive year ahead. We’ve recently engaged two new sales team who are ex American Express and we’ve seen a significant pickup in our origination volumes in the last year. So we see that in the last month, in November, we did 5.2 million and we see that we’re possibly looking at similar numbers or even doubling those numbers going forward.
With the avalanche of these new products we’ve brought out, essentially UnLock as well as GreenLend, we see a bit of energy there coming back from an investor base as well as from the borrower base. And so what we see is from that side, a very exciting year. From the risk side we have added additional measures to protect our position, or the investor’s position, and so where we see with that is that we see a continued good performance from the book and also seeing that our clients are actually gonna grow with it.
As far as the economy goes, there are some stresses that we are cognisant of and concerned about, especially the construction industry as well as the possible retail industry as the continual issue with the fact of the online businesses growing so well and the retail business, sort of, lease holds being a bit of a struggle. And so what we are focusing is on making sure that we try to diversify away from that as much as possible, or at least when we see those opportunities we ensure that we actually have additional protections for the underlying investors.