I recently interviewed Chris Larsen, the CEO of Prosper, about their new and improved rating system for borrowers. I’ll be honest, he didn’t give away much that can’t be found already on the Prosper blog. Apparently there is also a white paper describing the new rating system (which they promised to send but have not [...]
Entries Tagged as 'P2P'
Prosper, a brief analysis
June 24th, 2008 · Comments Off · Financial Markets
About six months ago I decided to do some unusual investing. I’d been hearing about the P2P (or Peer to Peer) lending sites — such as Prosper, Zopa, Lending Club, and Virgin Money US — where one could loan money to riskier borrowers and earn, presumably, better interest rates. Eventually I settled on Prosper because [...]
Tags:P2P
Signaling on Prosper
April 27th, 2008 · 3 Comments · Financial Markets, Information Design
Prosper, the peer to peer (P2P) lending site has an interesting problem: how to allow sellers of loans (aka borrowers) to effectively communicate their honesty, and their ability (or willingness) to repay any loans you might make them. Prosper allows multiple ways for borrowers to communicate this, as a look at a borrower’s page shows: [...]
Trust Me, I Have Friends
October 31st, 2007 · 2 Comments · Financial Markets
Peer-to-peer (P2P) lending sites have an enormous user experience (and market) problem: how to help lenders pick trustworthy people to loan to. Banks often have whole departments dedicated to this. How is your average (monied) internet dude and dudette supposed to sift the righteous from the chaff? This is not unlike eBay’s problem – how [...]
Tags:America·eBay·given social network·internet dude·Lending Club·matching algorithm·nifty social networking features·P2P·peer-to-peer·social networking features·style solutions·United Kingdom·United States·USD
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