October 28th, 2008 — , Boober, Countries, Finansowo, Kiva, Kokos, Lending Club, Loanland, Microplace, Monetto, MyC4, P2P Lending, Prosper, Services, Smava, Zopa, loan volume, market, market share, moneyauction, peer to peer lending, social lending, virgin money from wiseclerk @ P2P-Banking.com
P2P lending is spreading internationally. While the biggest loan volumes are generated in the US market, many p2p lending websites have been established in other international markets.
The services can be divided in three categories:
p2p lending marketplaces (e.g. Prosper, Zopa, Lending Club, Smava) - participants driven mainly by economic motives
social lending services enabling micro financing (e.g. [...]
October 7th, 2008 — , Germany, Smava, alexander artope, earlybird, neuhaus partners, smava.de, vc, venture capital from wiseclerk @ P2P-Banking.com
Smava.de, offering p2p lending in Germany, today successfully closed it’s second VC round. Earlybird and Neuhaus Partners invested 4 million Euro (approx 5.5 million US$). Earlybird did already invest 4 million Euro in Smava in the first round. Smava CEO Alexander Artopé announced that Smava will use the money for product development, marketing and internationalization.
Smava [...]
Continue reading → Smava raises 4 million Euro in second VC round
August 15th, 2008 — , Germany, Marketing, Smava, Uncategorized, Video, smava.de from wiseclerk @ P2P-Banking.com
German p2p lending service Smava has sent its lenders an email asking them to produce short videos telling their personal experiences using Smava. Smava offers 50 Euro (approx. 75 US$) for each user generated video that is sent to Smava and published.
Three (older) videos by Smava lenders can be viewed here.
Continue reading → Marketing - Smava asks users to videotape their experiences
May 21st, 2008 — , Boober, Germany, Netherlands, Smava from wiseclerk @ P2P-Banking.com
Demand at Boober.nl is slowing. When I checked today only two loan listings were open. The following curve showing unique loan requests definitly shapes in the wrong direction. Boober lenders discus this development in this forum thread.
(Source Booberwatch.nl)
Since the launch 15 months ago, about 2.4 million Euro (about 3.8M US$) loan volume has been funded [...]
April 24th, 2008 — , Germany, Smava from wiseclerk @ P2P-Banking.com
German p2p lending service Smava.de made some changes:
Borrowing for business purposes is now allowed. The borrower still is an individual person but is no longer limited on private purposes of the loan
Borrowers may borrow up to 25,000 Euro (approx 39,200 US$), previously the maximum was 10,000 Euro
Maximum amount any lender can invest in the marketplace [...]
Continue reading → New at Smava - business loans, larger amounts, longer terms
March 21st, 2008 — , Germany, Smava from wiseclerk @ P2P-Banking.com
German p2p lending service Smava.de launched one year ago. Since the launch of Smava 393 loans were funded for a total loan volume of about 1.7 million Euro (approx. 2.6 million US$).
Lender's viewpoint
In a february survey 33% of lenders answered to be very satisfied with Smava and 63% were satisfied. 48% said their ROI met expectations while 19% said it exceeded expectations.
So far [...]
Continue reading → Review - Smava after year one - Lenders satisfied
March 6th, 2008 — Defaults, bad debt, debt sale, Germany, Smava, Upsells and Cross-sells from wiseclerk @ P2P-Banking.com
German p2p lending service Smava.de yesterday introduced an optional insurance for borrowers. Borrowers can take out an insurance together with their loan. In the case of death, disability or unemployment (through no fault of one's own), the insurance will pay the repayments. To offer the residual debt insurance (see a definition of residual debt insurance), [...]
Related StoresContinue reading → Insuring p2p lending borrowers against hazards
January 13th, 2008 — Boober, Globefunder, Kiva, Microplace, MyC4, Prosper, Smava from wiseclerk @ P2P-Banking.com
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 [...]
January 9th, 2008 — Kiva, Lendingclub, Microplace, MyC4, Prosper, Smava, Zopa from wiseclerk @ P2P-Banking.com
More and more p2p lending services are launching, each catering to different markets and different target audiences. Some derive more features from "ancestors" Prosper or Zopa, some less.
All follow the aim to allow lenders to directly lend money to borrowers without a bank acting as intermediary. This aim is sometimes not pursued strictly to the [...]
December 30th, 2007 — Defaults, bad debt, debt sale, Germany, Smava from wiseclerk @ P2P-Banking.com
As P2P-Kredite.com reports the first 2 loans at German p2p lending service Smava.de have defaulted. Since the Start in March 2007 a loan volume of 1 million Euro (approx. 1.4 million US$) has been funded at Smava. The amounts of the two defaulted loans are 4,000 and 6,000 Euro resulting in a default rate of about 1%. [...]
Related StoresDecember 27th, 2007 — Boober, CommunityLend, Fairrates, Globefunder, Kiva, Lendingclub, Loanland, Microplace, MyC4, Prosper, Smava, Zopa from wiseclerk @ P2P-Banking.com
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 [...]
Continue reading → Review of peer to peer lending developments in 2007
October 30th, 2007 — Prosper, Smava, Zopa from wiseclerk @ P2P-Banking.com
Part I: Platform & lender view
Occasionaly, when I talk to analysts or journalists, their perception is that p2p lending is very similar to bank loans. They argue:
The platform does check, if the borrower is eligible to receive a loan by validating credit history, income and other documents just like a bank would do (note: this [...]
Related StoresContinue reading → How p2p lending is different from bank loans
October 26th, 2007 — Defaults, bad debt, debt sale, Prosper, Smava from wiseclerk @ P2P-Banking.com
On most peer to peer lending services (Prosper, Lendingclub, Smava, Boober) the identity of the borrower is hidden to the lender. Only the service itself knows the identity of the borrower. Therefore the lender has no means to check if information given is accurate and has to trust the platform.
The service has to
ensure that it [...]
Related StoresContinue reading → Is identity theft a possible threat to the p2p lending concept
September 30th, 2007 — Germany, Smava from wiseclerk @ P2P-Banking.com
On March 24th Smava.de launched its peer-to-peer lending service in Germany. Time for a recap on how Smava fared in its first 6 month of operation. How Smava operates can be read in this earlier article.First the very positive news: So far in only 3 cases borrowers missed payment dates and in two of these [...]
Related StoresContinue reading → Smava - 6 month after start nearly all current
August 7th, 2007 — Germany, Smava, Video from wiseclerk @ P2P-Banking.com
Reuters has a video on German p2p lending site Smava.de. This is the first video I saw that's in english language. Features Alexander Artope, co-founder and CEO of Smava.
Related StoresAugust 6th, 2007 — Germany, Smava from wiseclerk @ P2P-Banking.com
The German site for social lending Smava.de today allowed borrowers of the lower credit grades G and H to participate. Previously only borrowers of credit grades A through F could participate. According to information published by Smava, 80% of the German population have credit grades in the range A-F, while credit grade G accounts for 10% [...]
Related StoresContinue reading → German Smava opens to lower credit grades
July 30th, 2007 — Germany, Marketing, Smava from wiseclerk @ P2P-Banking.com
Last week at the end of my post on the Prosper referral program I suggested:
The next step for even more growth
Currently all referral programs mentioned above have one thing in common. They are open only to existing members of the p2p lending services. Assuming they are successful and the p2p lending serves are seeking opportunities to enable [...]
July 24th, 2007 — Boober, Kiva, Prosper, Smava, Zopa from wiseclerk @ P2P-Banking.com
Deutsche Bank research published a new 4 page report giving a good summary on the state of p2p lending. The report mentions Prosper, Zopa, Smava, Kiva and Boober. (Found through Marketingfacts.nl)
Related StoresContinue reading → Deutsche Bank Research on the state of p2p lending services
July 15th, 2007 — Boober, Germany, Netherlands, Smava from wiseclerk @ P2P-Banking.com
Dutch p2p lending service Boober.nl changed the rules last week. Lenders are now restricted to a maximum investment sum of 39000 Euro. Boober told users that this step confirms that Boober is a platform for individuals and not for professionals or companies. It is believed that this step was neccessary due to regulation.
German Smava has restricted [...]
July 9th, 2007 — Germany, Lendingclub, Prosper, Smava, UK, US, Zopa from wiseclerk @ P2P-Banking.com
Today I will take a look at the communication approaches of Prosper, Lendingclub, Zopa and Smava. Since it is hard to judge the individual customer support these companies offer, the focus of this post is on the mass communication channels. To communicate their services to the lenders and borrowers the services can use the website's [...]
Related StoresContinue reading → Communication approaches of P2P lending services
