Monday, June 29, 2015

IEG Holdings Corp. (IEGH) Building Market Share through Expansion of ‘Mr. Amazing Loans’ Lending Brand

IEG Holdings Corp. is a provider of online unsecured consumer loans in 13 states under the ‘Mr. Amazing Loans’ brand. In recent months, the company has leveraged this proven business model to record improved financial results. Since launching its online lending platform in July 2013, IEG has increased its cumulative loan value by well over 3,200 percent, exceeding $8 million in May. This rapid growth is being driven by the company’s continued state licensing expansion, which is expected to include an additional 12 states by the end of 2015, including California and Ohio. Following these efforts, IEG expects its lending coverage to encompass approximately 80 percent of the U.S. population.

In addition to its domestic growth, IEG has recently made strides toward expanding its presence in the global lending market. In December, the company announced the re-launch of lending in Australia under the ‘Mr. Amazing Loans’ brand, as well as detailing plans to add an additional 1.45 billion people to its lending network through a commitment to international development. In particular, IEG has highlighted Canada, United Kingdom, Philippines and India as expansion candidates because of their strong market demand and developed lending industry.

The company’s continued commitment to increasing its market share has provided a platform for tremendous revenue growth in recent quarters. In the first quarter of 2015, IEG recorded interest revenue of nearly $340,000, a year-over-year boost of more than 1,000 percent. Moving forward, this figure is expected to grow significantly in concert with the continued geographical expansion of IEG’s lending services.

In June, IEG took a step toward the future when it upgraded from the OTC market group’s OTC Pink tier to the OTCQB tier. The company will look to build on this progress in the future by potentially uplisting to the NASDAQ Global Markets. IEG announced the submittal of an application for this change in May.

“It is exciting to become an SEC reporting company, continue our rapid expansion… and achieve record loan volumes,” Paul Mathieson, chairman and chief executive officer of IEG, stated in a news release. “By late 2015, we hope to be in a position to offer loans in 25 states, covering approximately 25 million people.”

For prospective shareholders, IEG’s rapid growth since launching its lending platform just under two years ago makes the company an intriguing investment opportunity in the months to come.

For more information, visit www.investmentevolution.com

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