Lending Club a competitor to Prosper has secured $10m in venture money. Because Lending Club has gained all of its users via Facebook, Prosper needs to release a Facebook app as soon as possible.
| At least that’s the way it worked for Lending Club, a Sunnyvale, Calif.-based startup that is going to announce $10.26 million in Series A funding from Canaan Partners and Norwest Venture Partners tomorrow. |
| The peer-to-peer lending is an interesting (and growing) business, as indicated by the early success of startups such as Prosper, which has been funded by Accel Partners, Benchmark Capital, Fidelity Ventures and Omidyar Network. Other players in this market include Loanio, Zopa and CircleLending. (see a related story from the WSJ: Options Grow For Investors to Lend Online) |
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Prosper already has a Facebook app.
Comment by Steve — August 23, 2007 @ 12:45 pm
Thanks for the coverage. We have also posted our announcement message as well as the first interview from the investors this morning on the blog.
As far as Prosper releasing a Facebook App - they did - it’s a banking game you can play there.
Rex Dixon
Director of Social Media Content
Lending Club
Comment by Rex Dixon — August 23, 2007 @ 4:28 pm