Web Lenders Score Cash, Boost Hiring
San Francisco’s bevy of Internet-based lending startups are showing dramatic growth, adding employees, increasing office space and seeking fresh funding as they establish new ways for consumers to borrow money.
The growth of Lending Club, Prosper and BillFloat comes as more venture capital continues to pour into financial services. Since 2008, venture capitalists have invested $1.7 billion across more than 200 financial services startups.
“That’s $1.7 billion of innovation and thousands of jobs being created,” said BillFloat CEO ryan Gilbert.
Read more: San Francisco Business Times Web lenders score cash, boost hiring