Triton Research CEO Discusses LendingClub, Uber And Alibaba

A host of investors still regret not being able to profit from Alibaba Group Holding Ltd BABA the way they could have. However, according to Triton Research CEO Rett Wallace, peer-to-peer lending is going to be the next big opportunity on a similar scale like Alibaba and even bigger than Uber.

Wallace was recently on Bloomberg to discuss why he thinks peer-to-peer lending is the next big thing.

"LendingClub looks a lot more like Uber and Alibaba in the way it functions. They have a very particular kind of marketplace that solves the challenges of lending, just like Uber solved the problem of car service, just like Alibaba solved the problem of getting goods efficiently distributed in China, so those scale characteristics are very different," Wallace said.

When asked about what it will take for LendingClub to become lucrative for investors, Wallace replied, "So on the investor side you could say that the spark already happened, just like Uber has become a must own investment for really big firms […] LendingClub has already got like the mafia of good investors are already in it."

"So again, what’s interesting and the market size numbers in general […] is all made up, but the market size that’s put up against Uber is sort of a $100 billion opportunity, whereas U.S. consumer lending is like $800 billion. It’s actually a big market […] they [LendingClub] don’t have branches, their acquisition strategy for new customers is really efficient, so it could be a much more profitable business."