Fairrates

 

How Fairrates’ problems became IOU Central’s headstart

IOU Central launched first in Canada. As I already mentioned in my first post on IOU Central they profited from the knowledge input the two founders of danish Fairrates.dk brought with them. Fairrates had problems with fraud cases due to incomplete access to credit histories.
Here are some interesting notes by Bartlomiej Owczarek from Virtuous Cycle taken [...]

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Where did IOU Central come from?

A couple days ago we wrote about IOU Central and how they beat CommunityLend to become the first P2P lending marketplace in Canada. IOU Central seemly came out of nowhere. We wrote about CommunityLend last June and then again in December when they secu…

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IOU central launches p2p lending in Canada

IOU central launched the first active p2p lending service in Canada today. Borrowers can request loans from 1,000 to 25,000 CAN$ and select a term between 1 and 36 months. IOU central allows the borrower to specify a minimum amount at which he will accept the loan, should it not fully fund in the 2 [...]

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Review of peer to peer lending developments in 2007

2007 was an exciting and eventful year in the development of peer to peer lending. Looking back these were the highlights:

February: Boober.nl launches the first p2p lending service in the Netherlands.Prosper.com raises required borrower credit score to 520 and introduces other major changes
March: Smava.de launches German p2p lending service
April: Fairrates.dk offers person to person lending in [...]

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