Globefunder

 

Globefunder with new homepage

Globefunder's site got a new layout. It looks more structured and professional now.
Also it seems that Globefunder will open its d2c lending (d2c="direct to consumer") to individual lenders. Only in May an announcement of Globefunder sounded like under dtc lending the company would on the lender site be open only to institutional investors.
Now there are "Coming soon Lend Money to make [...]

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Lending Club, Prosper.com, and more: P2P Lending News Roundup

P2P Lending has been in the mainstream media news a great deal lately. I decided to post a roundup of many of the recent news articles on Prosper.com, Lending Club, Zopa, GlobeFunder, and Virgin Money. It is unfortunate that Lending Club entered a quiet period just as they were gaining tremendous growth in [...]

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WSJ: 4 tips for Prosper borrowers

The Wall Street Journal discusses peer to peer lending in an article published this weekend, Borrowing from Peers. The differences among Prosper, Zopa, Lending Club and Virgin Money are briefly discussed and then the author provides four tips for prosp…

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Globefunder announces launch of peer to peer lending in India

Globefunder announced the launch of Globefunder India, which it claims is the first p2p lending service in India.
GlobeFunder India is now up and running, making us the first online lending marketplace to establish operations there. If you are a lender in India, the good news is that you will soon have a way to capitalize [...]

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P2P lending trends to expect in 2008

2007 was a year of launch and growth for most players. What trends in peer to peer lending can be expected in 2008?
More competition and entering more national markets (probability 100%)In many markets multiple p2p lending services will compete for the attention of lenders and borrowers, especially in the largest market: In the United [...]

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Globefunder opens for borrower’s loan applications

Globefunder is now open for loan request by borrowers (minimum credit score of 640 required). The signup for individual lenders at Globefunder is still "coming soon". 

A Columbus Business First newspaper article gave more details a few days ago: 
Interest rates for borrowers on GlobeFunder range from 8 percent to 20 percent. GlobeFunder makes its money by charging [...]

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Globefunder opens doors to borrowers

We have been eagerly waiting for GlobeFunder for several months. They have finally opened their door for borrowers and institutional lenders. Opportunities for individual lenders are still “coming soon.”Today Columbus Business First published an articl…

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P2P Lending Review: Best of 2007

The p2p lending market has changed significantly in 2007. One year ago the only p2p lending story was Prosper. Time named Prosper the top website of 2006. BusinessWeek predicted that Prosper would be one of the Top Eight Tech Companies to Watch in 2007…

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New Globefunder homepage

Today I noticed that Globefunder.com has a new homepage. While still pre-launch, it lists 28 states with licenses and limits, explains GlobeFunder's internal Globe Ratings (minimum required credit score is 640).
The fees page only lists fees payed by borrowers, with the main loan closing fee at 1.75 percent or $50 (whichever is greater).
While Globefunder is [...]

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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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ScriptLance project: Prosper or Zopa clone

This is a time of dramatic growth for the p2p lending market. Over $100 million has exchanged hands on Prosper and investors have provided over $40 million in venture capital. Lending Club is growing rapidly, has expanded nationwide, and received $10 m…

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Welcome, Zopa!

We would like to extend a very warm welcome to Zopa, which launched in the US this past week. The Zopa team did a great job with the new US site, which looks great and contains lots of informative content. Borrowers can apply for a loan at interest rates ranging from 8.75% to 16.99% and [...]

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More Globefunder details

Globefunder is (still) announcing to launch its peer-to-peer lending service soon.
To keep you occupied reading while waiting, P2P-banking.com has gathered some tidbits of information on Globefunder (US launch):

Maximum loan amount will be 25000 US$
Minimum credit score for applying borrowers will be 640
Globefunder will use data of Experian, CSC and eDominate to screen borrowers

 

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The day passed - without launch

In my calendar I had marked October 2nd as the launch date of Globefunder.com. Unfortunately teh day passed - no launch. I found a recent press release, which says launch will be in October and states Globefunder will launch for US lenders and borrowers. This is somewhat different from my early perception of the service, [...]

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GlobeFunder to launch October 2nd

GlobeFunder has announced on their blog that they will launch in “less than 1 month” and in an email have set the date as October 2nd. GlobeFunder describes themselves as the “first true global small loan marketplace dedicated to offering investors new…

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Globefunder video

Video on the Globefunder.com business model.
Part 1:

 
Part 2:
 
Globefunder team says it is aiming for millions of loans requiring full scalability of system.

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Zopa hiring for US launch

For over a year, Zopa has advertised that they are moving beyond the UK and will offer peer to peer lending in the U.S. Their website header contains an email form if you want to be notified of developments. For months there have been no emails. Unt…

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Globefunder raises 1.5 Mio. in VC

As reported by Venturebeat and Microcapital.org Globefunder raised 1.5 Mio. US$ in venture capital (seed financing). P2P-banking recently did an interview with Globefunder CEO Brian Mullally. Globefunder is hiring - see a full page ad for positions in Microfinance Insights (found via iPienso).

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Interview: Globefunder to take p2p lending global

P2P-Banking interviewed Brian Mullally, Co-Founder and CEO of GlobeFunder Ventures Inc. 
P2P-Banking: What is GlobeFunder about? When will it launch?
GlobeFunder:  GlobeFunder is about borrowers saving money and lenders making money.  And we are about small loan services being widely available to every person on the planet.  GlobeFunder‘s leadership focus is as a scalable provider of loan [...]

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