The New York Times wrote on Wednesday on the particular difficulties of social lending sites such as Lending Club, Prosper or Zopa. In the article (“Lending Alternative Hits Hurdle”):
"On Wednesday, the nation’s largest peer-to-peer lending site, San Francisco-based Prosper, stopped allowing lenders to make new loans, saying it needed to wait while the Securities and Exchange Commission evaluated its regulatory filings."
Across the pond we hope that such a good idea doesn’t go under. The German site Smava can take heart since it recently closed a 4 million Euro round of financing (GE/EN), giving it sufficient breathing room for the future.
Originally posted in German by Jochen Krisch, translated by Jason Soo.
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