I received a rather unusual linked in connection request today… I thought it was out of the blue and almost deleted it… (It may have been out of the blue, but since I cover p2p lending I thought I would take the opportunity to scope/scoop the story.)
The website just has a sign up form to collect your email: Zing Funding
I was able to find some information on several public linked in pages.
From the public profile of Robert Gloer President and CEO at Zing Funding LLC:
Related StoresZing Funding LLC D/B/A ZingFunding.com is a Peer to Peer or Social Lending Firm based in the Atlanta GA area. Zing will be launched live at www.ZingFunding.com in October 2008. Investors can lend capital to individual consumers via the internet - consumers can borrow from individual investors. The process allows investors to make a greater ROI than they can typically get from banks and consumers get typically lower rates than they could get from a bank for an unsecured loan or credit card. Zing Funding does all credit due diligence on the consumer and provides the investor a ZingAdvantageScore which will be a far greater credit profiling tool than the traditional FICO score alone. Keep an eye on it - it’s going to be big…… We will be creating the same great culture we had at First Franklin…..
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6 comments ↓
“Zing will be launched live at http://www.ZingFunding.com in October 2008.”
I have yet to see any of the p2p lending companies meet a publicly announced deadline for a launch or major feature. I’d be surprised to see them in October.
@Tom
We have both observed the same things… Another linked in profile I have access to said August, but I chose the public CEO’s profile.
Time will tell, but given everything what has happened to all the other companies, I would say that legal and regulatory hurdles are quite high.
Loanio is on time isn’t it? They say “Coming Soon,” so technically they have not missed a deadline yet.
@Eric
They had said in a 2-3 weeks at Finovate in Feb. I am hoping they launch soon.
Well, we thought they would launch last fall. For awhile they were running ads announcing their launch in January.
Zopa took a lot longer than expected to move to the U.S. Prosper has taken longer to launch features than publically announced. It’s hard to meet a deadline, especially in this market.
Has anyone else tried http://www.globefunder.com/ ? They apparently don’t do business in Virginia. When I asked where they do business, the response I got was “We don’t do business in your state.” Gee, thanks!
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