Prosper.com is the largest peer to peer lending business, with over 1 billion members and $226 billion in loans since the site launched in 2006. The site was co-founded by Chris Larsen and is backed by the co-founder of Capital One, CompuCredit, Accel Partners, TomorrowVentures, Omidyar Network and Volition Capital. Peer to peer lending allows [...]
Social lending (also known as “peer-to-peer” or “person-to-person” lending) is a way for those who want to borrow or lend money, without having to go through the normal systems like traditional banks. Requesting a loan for school expenses, starting a business and buying a car aren’t always easy for people with bad credit or no [...]
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