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Three new P2P lenders are known to be preparing to go to market in 2008: 
- GlobeFunder: Opened for loan applications earlier this month, but is still not accepting individual lenders at this point. I tried testing the loan application, but it would not accept requests from Washington state.
Fynanz is the latest P2P lender to surface. According to the Prosper Lending Review blog, the company is gearing up to enter the U.S. market specializing in student loans, a space that Virgin Money USA has said it will enter later this year. Fynanz founder is Chirag Chaman, although he is not listed on the company's website. 
Loanio: Has been saying "coming in January" for the past several months.
In addition, I know of three others in formation and I'm sure there are dozens of others circulating business plans. With 100+ million potential customers in the United States, there is probably room for dozens to co-exist, although only a few will ever become household names.
For a complete analysis of the market see our most recent Online Banking Report (here).
Comments (2)
P2P is a very interesting development that may change the world of banking. It's certainly an exciting niche to keep an eye on as new "social lending" sites are popping up very often. Do you know when Fynanz was launched? Was it launched as a facebook application?
Please list any other P2P lending sites in the works, it will be interesting to see how they try to differentiate from one another.
Netbanker- please consider creating a P2P forum, as it seems like this is a topic of high online discussion potential.
Posted by superlender | January 22, 2008 6:32 AM
Posted on January 22, 2008 06:32
Are any of these sites going to be available in countries outside of the US?
Posted by Jennifer Nalleweg | February 3, 2008 1:09 PM
Posted on February 3, 2008 13:09