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Deja Vu: The First* Canadian Person-to-Person Lending Service Readies for Launch -- CommunityLend

By Jim Bruene on April 17, 2008 8:10 PM

imageCommunity Lend reached out to bloggers last week to get the launch buzz started (note 1). The site appears ready to go, all it needs is a loan/borrow signup form in place the email notification box in the center of the homepage (below).

From the look of it, the startup has a good design team. It's direct and to the point in the main section while staying fresh with blog posts, selected news stories, and press releases displayed in widget-like boxes along the bottom of the screen (below the fold on my laptop). But I'll reserve judgement until I see the actual lending and borrowing screens when they become available.

The most interesting part of the pre-release info was the list of official advisors to the startup which included Virgin Money (US) CEO Asheesh Advani as well as the Phil Hopper, CEO of Australian P2P lender, iGrin. It will be interesting to see if those relationships turn into future Canadian partnerships.

For more information on P2P lending, see our recent Online Banking Report (#148/149) and catch Prosper and Loanio on stage at our FinovateStartup April 29 in San Francisco.

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*Technically, IOU Central was first in the Canadian market. However, a few weeks after launch it was forced to shut down as it works to satisfy regulators (coverage here). Therefore, the honor looks like it will go to CommunityLend.

 

CommunityLend pre-launch homepage (17 April 2008)
CommunityLend home page pre-launch

 
Note:

1. Blogger outreach is the modern day equivalent to the press conference. Dave Colman's emails to bloggers resulted in five blog posts that same day, and that's without any news other than its UNOPENED site had been remodeled. Think back to the last time you revamped your website, did you get five press mentions?  

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Comments (4)

Jim .. thanks for the kind words. We are trying hard to 'get it right' on many fronts, and appreciate the support. We are in the home stretch now.
Colin

Thanks for the post Jim! We are anxiously awaiting our launch and cannot wait to begin pulling back the curtain even more. Stay posted on our blog for more developments.

Cheers

Dave Coleman

Interesting.. I'd be interested to see if they're going to have an affiliate program?!!

Chris:

The whole P2P lending idea is booming -- I wouldn't give the "first in Canada" crown to CommunityLend just yet as they haven't even launched yet.

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