The promise behind investing in private credit, with Percent CEO Nelson Chu

Lex chats with Nelson Chu, founder and CEO of Percent - the modern credit marketplace. Nelson kicks off the discussion b by walking through his inspiration for building the private credit marketplace and the challenges of operating in the fintech industry. He explains that Percent aims to provide a better alternative investment platform for credit investors by offering shorter durations and lower minimum investments. Nelson also discusses the importance of infrastructure in the private credit market and the need for technology to streamline processes. He highlights the different types of investors and borrowers that use Percent's platform and the challenges of building a three-sided marketplace. Nelson also touches on the impact of macroeconomic factors, such as interest rates, on the private credit market and the role of data and AI in the industry.

MENTIONED IN THE CONVERSATION

Topics: Private credit, lending, borrowers, underwriting, AI, artificial intelligence, investment, alternative investment, fintech, marketplace

Companies: Percent, Lending Club, LendIt, Prosper, Blackstone