New Business Models in Loans
Monday, February 13, 2006
Link: It's Like Lending to a Friend, Except You'll Get Interest - New York Times. As described in today's Bob Tedeschi New York Times' column, Prosper.com takes elements of web-based social networks and banks to lend people money. It does this by acting as a middle-man between those who need money and the funding source, in this case individuals who want a place to put their money that gets a better return than offered by traditional banks... and don't like the risk of the stock market. Blending eBay, Friendster, and also a bit of Paypal, it lets people looking to... Read more →