Lending Club Receives Tribeca Disruptive Innovation Award
Disruptive innovation comes in many forms the world over. There are those who free fall a record 135,899 feet from outer space, deploy advanced technology to dig clean water wells in the world’s most remote villages, unlock communications channels with an autistic child and write a best-seller about it, and project stunning fluid images that encourage nature conservation on some of the world’s most iconic buildings. Others have spent their lifetimes fighting elephant poaching in Kenya, enabling advanced education for prison inmates. And there’s Lending Club who found a better way to make credit more affordable and investing more rewarding for consumers and is transforming the entire financial system along the way.
These people were among an esteemed group of global big thinkers, activists and achievers honored at the 2016 Tribeca Disruptive Innovation Awards in New York on Friday, April 22 and covered by major media including Inc. magazine.
Host Perri Peltz introduced Lending Club, saying “The theory of disruptive innovation asks that a newcomer not only be different, but also be more efficient. By using technology to connect borrowers with individual and institutional investors in an online credit marketplace, Lending Club has become the largest provider of personal loans in the U.S. with over $8 billion of loans provided last year.”
Lending Club accepted the trophy – a symbolic red-headed hammer – with characteristic humility and gratitude, praising both consumers and the banking system for embracing the online credit marketplace model he founded.
Lending Club accepts the “red hammer” Tribeca Disruptive Innovation Award from host Perri Peltz.
World-renown anthropologist and wildlife conservationist Dr. Richard Leakey accepts the Tribeca Disruptive Innovation Lifetime Achievement Award.
Composer, Lyricist and Actor Lin-Manuel Miranda accepts a Tribeca Disruptive Innovation Award remotely, in costume backstage during a Hamilton matinee.
Pulitzer Prize-winning author Ron Suskind (in suit) and family accept the Tribeca Disruptive Innovation Award for unlocking communications channels with their autistic son Owen (far right).
Harvard Business School Professor and Co-founder of the Tribeca Disruptor Foundation Clayton M. Christensen closes the seventh annual Tribeca Disruptive Innovation Awards ceremony.