British P2P lending site Ratesetter.com launched recently. Ratesetter uses market approach dominant in the UK (rather then individual listing). A novel approach is the “Rolling Monthly Loan” Ratesetter introduces: One of the two types of loan RateSetter offers. For a borrower, this is a bit like borrowing with a credit card. At the end of […]
Smava.de launched 3 years ago and successfully established p2p lending in Germany. Since then about 25 million Euro (approx. 34.4 million US$) loans were funded. Smava gained nearly all positive feedback by lenders, borrowers and especially the media. Smava will need to continue growing considerably in order to become profitable. Currently growth is limited by […]
Bankless-Life.at was launched as the first p2p lending service in Austria by the non-profit association “Von Menschen für Menschen” (engl. by humans for humans). The members-only site (membership fee is 60 Euro per year) allows borrowers with a given minimum credit score and a minimum income requirement of 1,000 EUR per month to apply for […]
Smava.pl is the youngest P2P lending service in Poland – the portal went live in January 2009. In the first days of August I met Przemyslaw Moscicki, the company’s CEO, and Arkadiusz Hajduk, COO, for an interview about the past and future of social lending in Poland. Michal Kisiel: First of all, could you explain […]
German p2p lending service Smava.de launched two year ago. Since the launch of Smava 1350 loans were funded for a total loan volume of about 7.9 million Euro (approx. 10.7 million US$). Lender’s viewpoint So far lenders on Smava did well. There are approx. 2500 lenders active on Smava. Despite the credit crisis, 99% of […]
Starting Jan. 7th, the German p2p lending service Smava will launch it’s p2p lending platform in Poland. I interviewed Smava CEO Alexander Artopé. The following interview was originally conducted in German language. Possible translation errors are mine. P2P-Blanking.com: Mr. Artopé, why has Smava chosen Poland as target market for the international expansion? Smava: For several […]