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Zopa – finance 2.0?

Zopa

Zopa is the ‘world’s first’ P2P finance marketplace and surprisingly enough it seems to be gaining traction. Set up by some high powered bankers in the UK, it acts as a go-between so that individuals can borrow from other individuals, without heavy footed banks getting in the way. It’s community, it’s secure and it’s based on sound legal foundations. Coming to the US too soon, so get ready Wells Fargo…

 Zopa is the first marketplace for lending and borrowing. Trustworthy people lend money directly to other trustworthy people – and by dealing with each other, rather than banks, they’ve formed a community of savvy, like-minded individuals, who all scratch each other’s backs.

Red – who has written posts on The Red Ferret Journal.


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