I have been a member and lender of
Prosper for sometime now and look forward to this change.
I absolutely love what
Prosper has put at our finger tips and look forward to Prospering and growing with this company.
From TechCrunch
One of the most disruptive startups in the financial industry is Prosper
, a peer-to-peer lending marketplace. Since its launch in February, 2006, Prosper has attracted more than 450,000 members who have loaned $96.4 million to each other. There is so much liquidity on Prosper now that the startup wants to create a secondary market for loans on the site. Right now, if you loan money to someone on Prosper, you have to wait for the term of the loan to expire to get all of your money and interest back (unless the debt is paid back early). A secondary market would allow individual lenders on Prosper to sell loans to each other right away, and perhaps even package them together. Such a secondary market could make Prosper a more appealing place for larger financial institutions to invest in.
Read More
No comments:
Post a Comment