PEER-TO-PEER NETWORKS ARE CHALLENGING ESTABLISHED PLAYERS
“I think there is definitely an openness and a sense of moral outrage, which
means that ‘I don’t want to give my hard-earned money to those evil big banks.
I would rather it went somewhere where it’s more transparent
and the costs are lower.”
Tamar Kasriel, Futurist
ZOPA
STREETSHARES
FIDOR BANK
Zopa facilitates P2P lending by matching borrowers
looking for low rate loans with smart lenders looking
for high interest return on their investment. The service
has already lent over £700m to its customers in the UK.
StreetShares describes itself as “Shark Tank meets eBay”
for small business loans and aims to revolutionise
the business loans industry in the US. The focus of the
platform is on allowing businesses to pitch to investors
and tell their story, not just their financial credentials.
Fidor Bank - a leading internet-only bank based in
Germany - has integrated both P2P lending solutions
and advice platforms to its mobile banking offer.
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PR ES E N T A N D P O T E NTIA L F UTURE S IN F IN A N CIA L SE RVICES