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Prosper.com - or online lending gets popular

Filed in archive Venture Capital by tj on March 21, 2006

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After Zopa in the UK, Prosper has started in the US. The idea seems to work well as communities and groups spread teh lending risks to several individuals. Although it seems still a little early to say as many loans are not yet due to be repaid now. It's interesting to see how the sites cope with the torrent of potential bad debtors.

At least Prosper's marketing is excellent - just launched they got a NYT article and have been featured on CBS 5.

Good luck!


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