Comments on: Prosper’s P2P Lending Spreads To Asia http://www.techcrunch.com/2007/08/05/prospers-p2p-lending-spreads-to-asia/ Startup and Technology News Fri, 25 Jul 2008 06:50:00 +0000 http://wordpress.org/?v=2.5.1 By: P2P-Kredite.com Blog » Prosper plant Expansion nach Japan und Asien mit SBI Group http://www.techcrunch.com/2007/08/05/prospers-p2p-lending-spreads-to-asia/#comment-2216446 P2P-Kredite.com Blog » Prosper plant Expansion nach Japan und Asien mit SBI Group Wed, 23 Apr 2008 09:07:22 +0000 http://www.techcrunch.com/2007/08/05/prospers-p2p-lending-spreads-to-asia/#comment-2216446 [...] Techcrunch [...] [...] Techcrunch [...]

]]> By: SocialLendingWatch http://www.techcrunch.com/2007/08/05/prospers-p2p-lending-spreads-to-asia/#comment-1551710 SocialLendingWatch Sun, 12 Aug 2007 02:35:05 +0000 http://www.techcrunch.com/2007/08/05/prospers-p2p-lending-spreads-to-asia/#comment-1551710 With regards to the types of lending on P2P sites, you may wish to quickly read this article on SocialLendingWatch which is an interview with a Prosper lender who has actually published a "how-to"book based on his experiences: http://www.sociallendingwatch.com/2007/07/19/slw-authoritative-report-6-roger-steciak-author-of-happy-about-people-to-people-lending-with-prospercom-how-to-lend-money-to-friends-youve-never-met/ With regards to the types of lending on P2P sites, you may wish to quickly read this article on SocialLendingWatch which is an interview with a Prosper lender who has actually published a “how-to”book based on his experiences: http://www.sociallendingwatch......never-met/

]]> By: Colin Henderson http://www.techcrunch.com/2007/08/05/prospers-p2p-lending-spreads-to-asia/#comment-1542502 Colin Henderson Tue, 07 Aug 2007 18:35:20 +0000 http://www.techcrunch.com/2007/08/05/prospers-p2p-lending-spreads-to-asia/#comment-1542502 RE: "It’s ironic to see these peer to peer lending startups expanding at the same moment .. " I would suggest that during credit crunch time is the ideal moment for social lenders to expand, and lever their diversified leners' broader view of consumer risk, while not having hands tied due to artificial liquidity contraction that traditional bankers will in fact experience, at least in the US. RE: “It’s ironic to see these peer to peer lending startups expanding at the same moment .. ”

I would suggest that during credit crunch time is the ideal moment for social lenders to expand, and lever their diversified leners’ broader view of consumer risk, while not having hands tied due to artificial liquidity contraction that traditional bankers will in fact experience, at least in the US.

]]> By: Mac Lender http://www.techcrunch.com/2007/08/05/prospers-p2p-lending-spreads-to-asia/#comment-1541090 Mac Lender Mon, 06 Aug 2007 20:33:39 +0000 http://www.techcrunch.com/2007/08/05/prospers-p2p-lending-spreads-to-asia/#comment-1541090 I wonder if this means current lenders will be-able to lend in foreign markets I wonder if this means current lenders will be-able to lend in foreign markets

]]> By: Tom http://www.techcrunch.com/2007/08/05/prospers-p2p-lending-spreads-to-asia/#comment-1540856 Tom Mon, 06 Aug 2007 17:44:52 +0000 http://www.techcrunch.com/2007/08/05/prospers-p2p-lending-spreads-to-asia/#comment-1540856 David, This is the same space as Lending Club. If you are interested in investing I'd recommend doing a fair amount of research first. There are lessons that some of the first Prosper lenders learned that you don't need to learn again with your own money. I write a blog for Prosper lenders (and I also cover other P2P news.) I'd recommend these two articles to start and then browse the Prosper forums. <a href="http://prosperlending.blogspot.com/2007/08/how-does-prosper-compare-to-other.html" rel="nofollow">How does Prosper compare to other investments?</a> <a href="http://prosperlending.blogspot.com/2007/06/prosper-hands-on-education-on-risk.html" rel="nofollow">Prosper: A hands on education in risk management</a> Good luck! David,

This is the same space as Lending Club. If you are interested in investing I’d recommend doing a fair amount of research first. There are lessons that some of the first Prosper lenders learned that you don’t need to learn again with your own money. I write a blog for Prosper lenders (and I also cover other P2P news.) I’d recommend these two articles to start and then browse the Prosper forums.

How does Prosper compare to other investments?

Prosper: A hands on education in risk management

Good luck!

]]> By: David http://www.techcrunch.com/2007/08/05/prospers-p2p-lending-spreads-to-asia/#comment-1540808 David Mon, 06 Aug 2007 17:08:24 +0000 http://www.techcrunch.com/2007/08/05/prospers-p2p-lending-spreads-to-asia/#comment-1540808 Hey Nick, is this stuff in the same space as Lending Club? Interesting write-up - who should I throw some money into as an investor. Hey Nick, is this stuff in the same space as Lending Club? Interesting write-up - who should I throw some money into as an investor.

]]> By: Jay Neely http://www.techcrunch.com/2007/08/05/prospers-p2p-lending-spreads-to-asia/#comment-1540753 Jay Neely Mon, 06 Aug 2007 16:31:38 +0000 http://www.techcrunch.com/2007/08/05/prospers-p2p-lending-spreads-to-asia/#comment-1540753 *a move to widen their own market, in response. *a move to widen their own market, in response.

]]> By: The Buxr Widget http://www.techcrunch.com/2007/08/05/prospers-p2p-lending-spreads-to-asia/#comment-1540750 The Buxr Widget Mon, 06 Aug 2007 16:30:52 +0000 http://www.techcrunch.com/2007/08/05/prospers-p2p-lending-spreads-to-asia/#comment-1540750 Alison -- from what I've read Asian spending is quickly ramping up. I think desire for "stuff" is not just an American thang! We spend because we can and want too (and by "can" I don't mean "afford"). Alison — from what I’ve read Asian spending is quickly ramping up. I think desire for “stuff” is not just an American thang! We spend because we can and want too (and by “can” I don’t mean “afford”).

]]> By: Jay Neely http://www.techcrunch.com/2007/08/05/prospers-p2p-lending-spreads-to-asia/#comment-1540712 Jay Neely Mon, 06 Aug 2007 16:02:12 +0000 http://www.techcrunch.com/2007/08/05/prospers-p2p-lending-spreads-to-asia/#comment-1540712 Alex, Zopa is indeed coming to the U.S., and I wonder if Prosper's expansion to Asia is a move to widen their own market. Depending on which parts of Asia they're focusing on, they may be competing with PPdai, a social lending service that launched last month in China. It's possible SBI plans on having whichever is more successful, Zopa or Prosper, acquire the other. Then they'd have a company operating in the U.K., the U.S., and Asia. Depending on how successful it is, maybe they'll also acquire Smava(Germany) and Boober(Netherlands)? Or, being that big, they might feel confident enough to start their own local services and simply compete. I did a round-up and commentary on social lending a little while ago. If you're interested, it's called, <a href="http://socialstrategist.com/2007/06/08/small-loans-big-bucks-the-world-of-social-lending" rel="nofollow">Small Loans, Big Bucks: The World of Social Lending</a>. Alex, Zopa is indeed coming to the U.S., and I wonder if Prosper’s expansion to Asia is a move to widen their own market. Depending on which parts of Asia they’re focusing on, they may be competing with PPdai, a social lending service that launched last month in China.

It’s possible SBI plans on having whichever is more successful, Zopa or Prosper, acquire the other. Then they’d have a company operating in the U.K., the U.S., and Asia. Depending on how successful it is, maybe they’ll also acquire Smava(Germany) and Boober(Netherlands)? Or, being that big, they might feel confident enough to start their own local services and simply compete.

I did a round-up and commentary on social lending a little while ago. If you’re interested, it’s called, Small Loans, Big Bucks: The World of Social Lending.

]]> By: Allen Stern http://www.techcrunch.com/2007/08/05/prospers-p2p-lending-spreads-to-asia/#comment-1540358 Allen Stern Mon, 06 Aug 2007 11:22:00 +0000 http://www.techcrunch.com/2007/08/05/prospers-p2p-lending-spreads-to-asia/#comment-1540358 I am not sure if p2p will work in Asia, but here in the US it appears to be pretty strong. Why? Because Americans want to spend like there is no tomorrow. Bigger cars, bigger houses, etc. You have companies like Lending Club who are doing this just inside of facebook! Want an iphone? don't worry about saving for it - just get a p2p loan! Here is my 3 part series on social p2p lending. http://www.centernetworks.com/social-lending-web-2-0 I am not sure if p2p will work in Asia, but here in the US it appears to be pretty strong. Why? Because Americans want to spend like there is no tomorrow. Bigger cars, bigger houses, etc. You have companies like Lending Club who are doing this just inside of facebook! Want an iphone? don’t worry about saving for it - just get a p2p loan!

Here is my 3 part series on social p2p lending.
http://www.centernetworks.com/.....ng-web-2-0

]]> By: Alex http://www.techcrunch.com/2007/08/05/prospers-p2p-lending-spreads-to-asia/#comment-1539988 Alex Mon, 06 Aug 2007 05:20:47 +0000 http://www.techcrunch.com/2007/08/05/prospers-p2p-lending-spreads-to-asia/#comment-1539988 ......is is because of the current credit crunch that companies such as Prosper will "prosper". Also inadvertently you article points out something very disturbing. The fact that Benchmark Capital has invested in both Prosper and Zopa is troubling. I'm no lawyer, but, I did stay at a Holiday Inn Express last night:) When I was 18 years old and took business law this was referred as "conflict of interest". That said I looked at Zopa's website to see if at least they were servicing accounts in another geography - which they were (Prosper=USA; Zopa=UK) HOWEVER, At the very top of the Zopa homepage it says "Coming to America soon"! Something does not smell right, eh? ……is is because of the current credit crunch that companies such as Prosper will “prosper”.

Also inadvertently you article points out something very disturbing. The fact that Benchmark Capital has invested in both Prosper and Zopa is troubling.

I’m no lawyer, but, I did stay at a Holiday Inn Express last night:) When I was 18 years old and took business law this was referred as “conflict of interest”. That said I looked at Zopa’s website to see if at least they were servicing accounts in another geography - which they were (Prosper=USA; Zopa=UK) HOWEVER, At the very top of the Zopa homepage it says “Coming to America soon”!

Something does not smell right, eh?

]]> By: Tony Torres http://www.techcrunch.com/2007/08/05/prospers-p2p-lending-spreads-to-asia/#comment-1539935 Tony Torres Mon, 06 Aug 2007 04:44:12 +0000 http://www.techcrunch.com/2007/08/05/prospers-p2p-lending-spreads-to-asia/#comment-1539935 Interesting to see SBI getting involved in the peer-to-peer loan business in light of the fact that they have substantial holdings in the B2C consumer finance sector. Prosper aims to go head to head against some of the biggest consumer loan companies in Japan (Aiful, AIC, CFJ etc). A good percentage of SBI revenue comes from direct commissions from these companies. How it plans to build a P2P loan channel without alienating it's current loan business remains to be seen. Interesting to see SBI getting involved in the peer-to-peer loan business in light of the fact that they have substantial holdings in the B2C consumer finance sector. Prosper aims to go head to head against some of the biggest consumer loan companies in Japan (Aiful, AIC, CFJ etc). A good percentage of SBI revenue comes from direct commissions from these companies. How it plans to build a P2P loan channel without alienating it’s current loan business remains to be seen.

]]> By: Nick Gonzalez http://www.techcrunch.com/2007/08/05/prospers-p2p-lending-spreads-to-asia/#comment-1539925 Nick Gonzalez Mon, 06 Aug 2007 04:40:01 +0000 http://www.techcrunch.com/2007/08/05/prospers-p2p-lending-spreads-to-asia/#comment-1539925 "You Too Can Contribute to America's Current Account Deficit", heh. “You Too Can Contribute to America’s Current Account Deficit”, heh.

]]> By: Tim http://www.techcrunch.com/2007/08/05/prospers-p2p-lending-spreads-to-asia/#comment-1539901 Tim Mon, 06 Aug 2007 04:25:07 +0000 http://www.techcrunch.com/2007/08/05/prospers-p2p-lending-spreads-to-asia/#comment-1539901 So can Americans now borrow money from the Japanese? That would be an interesting angle. So can Americans now borrow money from the Japanese?

That would be an interesting angle.

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