Zopa, a UK-based peer-to-peer lending company connected individual lenders and borrowers through an online interface. The company charges a small fee for complete loan business has not turned a profit. Zopa offered two platforms, markets and displays. Markets was an automated system that loan through a combination of lowest loan offers from different lenders Zopa assembled. Zopa Listings allows potential borrowers to eBay similar listings explain who they were post how much money they needed a … Read more »

Zopa, a UK-based peer-to-peer lending company connected individual lenders and borrowers through an online interface. The company charges a small fee for complete loan business has not turned a profit. Zopa offered two platforms, markets and displays. Markets was an automated system that loan through a combination of lowest loan offers from different lenders Zopa assembled. Zopa Listings allows potential borrowers to eBay similar listings explain who they were, how much money they needed and how they would use it to write. Lenders offer then specify how much they are willing to lend and at what rate were made. Neither platform met with much success. In February 2009 the CEO of Zopa recital draws of listings and focusing on markets, even if a company in the U.S., Prosper, many users had dressed with a product similar to Zopa listings.
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from
January Mikolaj Piskorski,
Isabel Fernandez-Mateo,
David Chen
Source: Harvard Business School
17 pages.
Release Date: 23 March 2009. Prod #: 709469-PDF-ENG
Zopa: The power of peer-to-peer lending solution HBR case