TITLE

U.S. Version of U.K. P2P Loan Site Planned

AUTHOR(S)
Wolfe, Daniel
PUB. DATE
March 2005
SOURCE
American Banker;3/17/2005, Vol. 170 Issue 52, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Discusses how several veterans of the British online bank Egg PLC have started an innovative person-to-person lending Web site, Zopa.co.uk, and plan to expand into the United States. Description of the idea behind the Web site, which is designed to match people who want to borrow with people who want to lend; Comments by James Alexander, the chief executive officer of Zopa Ltd., on the benefits of the company's philosophy and business model.
ACCESSION #
16458956

 

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