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NetBanker: Person-to-Person Lending 2.0

NetBanker has just published an online banking report: Person-to-Person Lending 2.0. He is specifically covering Prosper, Lending Club, Zopa, Virgin Money, and LoanBank.

Interesting to note, he had intended to publish earlier, but news all over the p2p lending world was a regular occurrence in the 4th quarter.  Prosper announced platform changes at finovate (video). Virgin Money entered the picture. Zopa launched in the US. Lending Club went National.

Here is an abstract of the report (available here for $595):

Abstract: Person-to-person lending is the perfect product for the Web 2.0-social-networked consumer. Why, then, has growth been relatively slow compared to other networked services? Because it’s a difficult business. Not only are P2P lenders competing with 20,000 other financial institutions for good borrowers, the are up against thousands of investment alternatives for funds to lend, all the while waging a fierce battle with fraudsters and deadbeats. It’s not a business for the faint of heart.

In this report, we look at the market as a whole, examining the strengths and weaknesses of existing products. We list opportunities both for web-based startups and existing financial institutions and lay out a ten-year market forecast. Finally, we take a close look at the four major U.S. P2P lenders: Prosper, Lending Club, Zopa and Virgin Money.

Companies mentioned: Prosper, Zopa, Lending Club, Virgin Money USA, GlobeFunder, Loanio, Facebook, eBay

Another interesting thing to note… NetBanker will be at Prosper Days 2008 as a panelist on a panel of bloggers.


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One Response to “NetBanker: Person-to-Person Lending 2.0”

  1. Chrisfs on December 21st, 2007

    $595?

    I hope he doesn’t charge to listen to him talk in person at Prosper Days, I may not be able to afford it

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