Archive for the ‘P2P Lending international’ Category
Securities legislation catches up with Lending Club in US
Lending Club have eliminated new lender registrations, and suspended existing lender bidding on their site.
Important Information – Lending Club
Lending Club has started a process to register, with the appropriate securities authorities, promissory notes that may be offered and sold to lenders through our site in the future. Until we complete the registration process, we will not accept new lender registrations or allow new commitments from existing lenders. We will continue to service all previously funded loans during this period, and lenders will be able to access their accounts, monitor their portfolios, and withdraw available funds without changes.
It appears from this that securities regulation now applies to p2p lending within Canada, and US.
ABC News | Banking on strangers
Lending Club in the US is featured on ABC News.
Prosper Lending Review: ABC News: Banking on Strangers
ABC News features a Lending Club borrower and lender on Social Lending Networks, New Alternative to Banks.
Congrats to Zopa | most threatening non-bank competitor
Congratulations to Zopa (UK, US, Italy, and Japan – P2P lending) on winning the award ahead of an impressive list of runners-up including PayPal, Wal-Mart, Vodafone and Prosper. The awards were run as part of the 26th Retail Banker International Forum 2008 event.
Banking News | Zopa most threatening non-bank competitor
Zopa beats PayPal, Wal-Mart, Vodafone and Prosper as the biggest threat to banks across the world.
Social lending pioneer Zopa (uk.zopa.com) is delighted to announce it has just scooped a major international award from the retail banking industry by being voted as their “Most threatening non-bank competitor”.
Cashare brings P2P lending to Switzerland
Hot on the heels of the Polish site we noted yesterday, here is news from Switzerland about Cashare recently appearing there.
Twitter / JC Capelli: First p2p social lending si…
First p2p social lending site in Switzerland http://cashare.com/ (via @ebugnon)
We will keep a track of P2P companies, as well as the differences and similarities. This one is in German, so will take a bit longer to figure out.
P2P Lending comes to Poland
We often hear about the US, UK and Australian offerrings, but Poland is operating too now.
Warsaw Business Journal Online – business in poland,warsaw,polish companies,companies database
Monetto.pl, a new “social lending” site, launched last month. Social lending – also known as peer-to-peer (P2P) lending – is a relatively new phenomenon on the Polish web. It involves taking loans not from a bank or other financial institution, but directly from another person through an online auction system.
“In Poland, the difference between interest rates for loans and those on bank deposits is so large that [this situation] presents a great opportunity for social lending services like Monetto.pl,” said Łukasz Banach, the president of Prender, the firm which operates Monetto.pl.
PS …. we note the news article has reversed the country locations of Zopa and Prosper.
