As social networking sites continue to expand, entrepreneurs are now seeking to use these technologies as a way to build peer funding networks. Several interesting new businesses have emerged in the peer-to-peer lending market. The UK-based Zopa.com was one of the first such efforts while Prosper.com is a recent entrant on this side of the Atlantic. The sites work as follows: a user posts his or her request for funds. Other users review the requests, and then decide if they want to invest(alone or in a group).
The sites serve as a marketing vehicle for those seeking funds, and then they help manage the transactions that occur via the site. At Prosper.com, current opportunities include funding for a new business in New Orleans, paying off student loans, and new equipment purchases for an existing business. While these sites are fairly new, they may offer a new method for financing entrepreneurial ventures.
To learn more about
Zopa, click hereTo learn more about
Prosper, click here
No comments:
Post a Comment