Will Social Lending Communities Cut Out Banks?

Written by Igor Beuker on November 9th, 2007 | 2 comments

It is human nature to judge things we do not know or do not use stuff ourselves yet. But as a marketer and trend watcher I have trained myself to look at the same world, through a new pair of glasses, again and again. It’s hard sometimes, not to judge. I know.

Merijn tipped me about Social Lending Community Zopa. Zopa’s tagline I found challenging: Cut out the banks by borrowing at Zopa.

When I wrote about Smart Social Trading Community Zecco, I saw that sharing online broking wallets, is extremely popular in the US. Will united consumers initiaves get to phase 2, empowered by social media, sharing and the wisdom of crowds principle?

Is social lending a smarter, fairer and more human way of doing money? Is social lending a new financial revolution? Will banks be the next middle men to be cut out at loaning money? Share us your thoughts!

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2 Comments

• Ben Joseph says:

  November 30, 2007 at 06:38

  Pardon the spam, but if you’re interested in social lending you may be interested in this event:

  The MIT Club of Northern California is hosting a panel on social lending. We have panelists from Prosper, Lending Club, and Microplace. The event is in the SF bay area on Wednesday, December 5th. Here’s the event link with a more detailed description:

  http://www.mitcnc.org/Events_Single.asp?eventID=1365

  Reply
• dyprosy says:

  September 3, 2008 at 01:21

  hey
  its very point of view.
  Good post.
  realy gj

  thank you

  Reply