Comments on: Profile - Zopa http://www.techcrunch.com/2005/08/07/profile-zopa/ Startup and Tech News Sat, 17 May 2008 12:48:18 +0000 http://wordpress.org/?v=2.3.3 By: Prosper’s P2P Lending Spreads To Asia http://www.techcrunch.com/2005/08/07/profile-zopa/#comment-1539919 Prosper’s P2P Lending Spreads To Asia Mon, 06 Aug 2007 04:37:34 +0000 http://www.techcrunch.com/2005/08/07/profile-zopa/#comment-1539919 [...] Prosper handles loans of up to $25,000 (the average funded loan is $5,000), broken into smaller loans to distribute risk. Money for the loan is then supplied by Prosper lenders bidding for the most attractive interest rates. Prosper earns revenue by taking 1% of the loan amount in fees from the borrower up front, and charging a 0.5% yearly loan maintenance fee to lenders. Prosper currently has over $79 million in funded loans and more than 380,000 members. So far it appears a lot of those members are logging on to pay off credit card debt at a lower rate. Prosper’s backer, Benchmark, has also invested in another P2P lender, Zopa. [...] […] Prosper handles loans of up to $25,000 (the average funded loan is $5,000), broken into smaller loans to distribute risk. Money for the loan is then supplied by Prosper lenders bidding for the most attractive interest rates. Prosper earns revenue by taking 1% of the loan amount in fees from the borrower up front, and charging a 0.5% yearly loan maintenance fee to lenders. Prosper currently has over $79 million in funded loans and more than 380,000 members. So far it appears a lot of those members are logging on to pay off credit card debt at a lower rate. Prosper’s backer, Benchmark, has also invested in another P2P lender, Zopa. […]

]]> By: Prosper’s P2P Lending Spreads To Asia | Tekjuice.com http://www.techcrunch.com/2005/08/07/profile-zopa/#comment-1539875 Prosper’s P2P Lending Spreads To Asia | Tekjuice.com Mon, 06 Aug 2007 04:08:37 +0000 http://www.techcrunch.com/2005/08/07/profile-zopa/#comment-1539875 [...] Prosper handles loans of up to $25,000 (the average funded loan is $5,000), broken into smaller loans to distribute risk. Money for the loan is then supplied by Prosper lenders bidding for the most attractive interest rates. Prosper earns revenue by taking 1% of the loan amount in fees from the borrower up front, and charging a 0.5% yearly loan maintenance fee to lenders. Prosper currently has over $79 million in funded loans and more than 380,000 members. So far it appears a lot of those members are logging on to pay off credit card debt at a lower rate. Prosper’s backer, Benchmark, has also invested in another P2P lender, Zopa. [...] […] Prosper handles loans of up to $25,000 (the average funded loan is $5,000), broken into smaller loans to distribute risk. Money for the loan is then supplied by Prosper lenders bidding for the most attractive interest rates. Prosper earns revenue by taking 1% of the loan amount in fees from the borrower up front, and charging a 0.5% yearly loan maintenance fee to lenders. Prosper currently has over $79 million in funded loans and more than 380,000 members. So far it appears a lot of those members are logging on to pay off credit card debt at a lower rate. Prosper’s backer, Benchmark, has also invested in another P2P lender, Zopa. […]

]]> By: Prosper’s P2P Lending Spreads To Asia http://www.techcrunch.com/2005/08/07/profile-zopa/#comment-1539867 Prosper’s P2P Lending Spreads To Asia Mon, 06 Aug 2007 04:00:35 +0000 http://www.techcrunch.com/2005/08/07/profile-zopa/#comment-1539867 [...] Prosper handles loans of up to $25,000 (the average funded loan is $5,000), broken into smaller loans to distribute risk. Money for the loan is then supplied by Prosper lenders bidding for the most attractive interest rates. Prosper earns revenue by taking 1% of the loan amount in fees from the borrower up front, and charging a 0.5% yearly loan maintenance fee to lenders. Prosper currently has over $79 million in funded loans and more than 380,000 members. So far it appears a lot of those members are logging on to pay off credit card debt at a lower rate. Prosper’s backer, Benchmark, has also invested in another P2P lender, Zopa. [...] […] Prosper handles loans of up to $25,000 (the average funded loan is $5,000), broken into smaller loans to distribute risk. Money for the loan is then supplied by Prosper lenders bidding for the most attractive interest rates. Prosper earns revenue by taking 1% of the loan amount in fees from the borrower up front, and charging a 0.5% yearly loan maintenance fee to lenders. Prosper currently has over $79 million in funded loans and more than 380,000 members. So far it appears a lot of those members are logging on to pay off credit card debt at a lower rate. Prosper’s backer, Benchmark, has also invested in another P2P lender, Zopa. […]

]]> By: Techcrunch » Blog Archive » Prosper.com To Announce Milestones Tuesday http://www.techcrunch.com/2005/08/07/profile-zopa/#comment-319943 Techcrunch » Blog Archive » Prosper.com To Announce Milestones Tuesday Tue, 31 Oct 2006 06:34:08 +0000 http://www.techcrunch.com/2005/08/07/profile-zopa/#comment-319943 [...] They reached both milestones faster than UK-based competitor Zopa, which was recently named a Busines 2.0 “Disruptor.” [...] […] They reached both milestones faster than UK-based competitor Zopa, which was recently named a Busines 2.0 “Disruptor.” […]

]]> By: TechCrunch Japanese アーカイブ » Prosper.com、火曜にマイルストーン達成 http://www.techcrunch.com/2005/08/07/profile-zopa/#comment-319780 TechCrunch Japanese アーカイブ » Prosper.com、火曜にマイルストーン達成 Tue, 31 Oct 2006 05:12:02 +0000 http://www.techcrunch.com/2005/08/07/profile-zopa/#comment-319780 [...] 火曜日、この2月にスタートした個人間融資サービスのサイト「Prosper.com」は、メンバーが10万人を、実行された融資総額が$20 M（2千万ドル）を越えるなど大きなマイルストーンを達成したことをアナウンスする予定。この記録達成は英国に本拠を置くライバル Zopaの記録より速い。Zopaは最近Busines 2.0にて゛Disruptor”（暴れん坊）として賞されている。 [...] […] 火曜日、この2月にスタートした個人間融資サービスのサイト「Prosper.com」は、メンバーが10万人を、実行された融資総額が$20 M（2千万ドル）を越えるなど大きなマイルストーンを達成したことをアナウンスする予定。この記録達成は英国に本拠を置くライバル Zopaの記録より速い。Zopaは最近Busines 2.0にて゛Disruptor”（暴れん坊）として賞されている。 […]

]]> By: Workdrone http://www.techcrunch.com/2005/08/07/profile-zopa/#comment-116744 Workdrone Sun, 30 Jul 2006 03:28:20 +0000 http://www.techcrunch.com/2005/08/07/profile-zopa/#comment-116744 i'm wondering when ebay gonna put his step into this market, buying zopa would be better deal for them then buying skype. i’m wondering when ebay gonna put his step into this market, buying zopa would be better deal for them then buying skype.

]]> By: James http://www.techcrunch.com/2005/08/07/profile-zopa/#comment-12089 James Mon, 06 Feb 2006 16:42:16 +0000 http://www.techcrunch.com/2005/08/07/profile-zopa/#comment-12089 if you go to moneysupermarket you will find you can invest your money safely in various accounts attracting up to 10% interest (e.g. alliance and leicester) and your capital is safe. whilst i think that the premise is great, the APRs offered by banks will be lower and the credit scoring tighter, so I have my doubts as to why anyone would use this unless they intend to default in a bad way. i think services would be better targetted at regions where there is a lack of formal lending available on the smaller side of the credit market. returns would probably be higher. if you go to moneysupermarket you will find you can invest your money safely in various accounts attracting up to 10% interest (e.g. alliance and leicester) and your capital is safe.

whilst i think that the premise is great, the APRs offered by banks will be lower and the credit scoring tighter, so I have my doubts as to why anyone would use this unless they intend to default in a bad way.

i think services would be better targetted at regions where there is a lack of formal lending available on the smaller side of the credit market. returns would probably be higher.

]]> By: TechCrunch » Prosper Launches - Social Lending http://www.techcrunch.com/2005/08/07/profile-zopa/#comment-11905 TechCrunch » Prosper Launches - Social Lending Mon, 06 Feb 2006 00:19:29 +0000 http://www.techcrunch.com/2005/08/07/profile-zopa/#comment-11905 [...] Like London-based (and Benchmark funded) Zopa, Prosper is a marketplace for borrowers and lenders. [...] […] Like London-based (and Benchmark funded) Zopa, Prosper is a marketplace for borrowers and lenders. […]

]]> By: Bronte Media » Peer to Peer Lending and Solving World Poverty http://www.techcrunch.com/2005/08/07/profile-zopa/#comment-2835 Bronte Media » Peer to Peer Lending and Solving World Poverty Thu, 10 Nov 2005 20:04:08 +0000 http://www.techcrunch.com/2005/08/07/profile-zopa/#comment-2835 [...] Zopa spreads any loan across 50 or more lenders, and so conversely each lender’s dollar is being spread across 50 or more buyers. Techcrunch has a fantastic profile of the company and in one of the comments an employee says that the average yield for a lender is 6.3% net of bad debts. The site also suggested recently that a US firm, CircleOne, would be launched soon that is essentially Zopa for America. [...] […] Zopa spreads any loan across 50 or more lenders, and so conversely each lender’s dollar is being spread across 50 or more buyers. Techcrunch has a fantastic profile of the company and in one of the comments an employee says that the average yield for a lender is 6.3% net of bad debts. The site also suggested recently that a US firm, CircleOne, would be launched soon that is essentially Zopa for America. […]

]]> By: TechCrunch » CircleOne Rumored to Launch Soon http://www.techcrunch.com/2005/08/07/profile-zopa/#comment-2058 TechCrunch » CircleOne Rumored to Launch Soon Fri, 28 Oct 2005 06:20:43 +0000 http://www.techcrunch.com/2005/08/07/profile-zopa/#comment-2058 [...] If the rumors are correct, the company will be similar to Zopa, a London based company that we profiled in August. Zopa syndicates small loans out to many people, taking a fee.. [...] […] If the rumors are correct, the company will be similar to Zopa, a London based company that we profiled in August. Zopa syndicates small loans out to many people, taking a fee.. […]

]]> By: Dave Nicholson http://www.techcrunch.com/2005/08/07/profile-zopa/#comment-280 Dave Nicholson Mon, 15 Aug 2005 08:49:46 +0000 http://www.techcrunch.com/2005/08/07/profile-zopa/#comment-280 Thanks for the profile guys. Thought an update about how things are going at Zopa might be useful? We've now got over 18,000 members, and are seeing increasing numbers of transactions on the site. So far we've not had a single missed payment or fraudulant borrower, so we're confident that everything is working. The average rate that lenders are earning (before bad debt) is 7.62%, which after expected bad debt nets out to about 6.3% - quite attractive compared to Bank of England base rates of 4.5%. Borrowers are finding extremely attractive pricing being offered by lenders, especially for amounts less than GBP 5,000 (Where banks tend to price higher) - so Zopa looks like it's benefiting both sides of the deal - exactly as we hoped. Any questions or comments - we'd love to hear them. Email me: dave _at_ zopa _dot_ com. Cheers Dave Thanks for the profile guys. Thought an update about how things are going at Zopa might be useful?

We’ve now got over 18,000 members, and are seeing increasing numbers of transactions on the site. So far we’ve not had a single missed payment or fraudulant borrower, so we’re confident that everything is working.

The average rate that lenders are earning (before bad debt) is 7.62%, which after expected bad debt nets out to about 6.3% - quite attractive compared to Bank of England base rates of 4.5%.

Borrowers are finding extremely attractive pricing being offered by lenders, especially for amounts less than GBP 5,000 (Where banks tend to price higher) - so Zopa looks like it’s benefiting both sides of the deal - exactly as we hoped.

Any questions or comments - we’d love to hear them. Email me: dave _at_ zopa _dot_ com.

Cheers

Dave

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