The Bankwatch

Tracking the evolution of financial institutions

Zopa | US Launch Update — Revving Up!

 Just got this email update.  Zopa have upgraded their US launch from California only to all of US.  No dates yet, but clearly something is going on!  This news copied from their email.

They hint at some changes to their model too …  awaiting news on that change.

You may recall that last time we dropped a note to Zopa members about launch efforts in the U.S., we were planning on launching in California first.

That’s all changed. Since then, we’ve developed a way to start by launching nationally instead.  That’s great news for our friends in Iowa.

As part of rethinking our launch approach, we’ve also made some adjustments to Zopa that are necessary for launching in the U.S. No worries: it will be the same Zopa, only even safer for lenders than it already is. More details to come.

 

Written by Colin Henderson

19/04/2007 at 09:16

Posted in Social Lending

3 Responses

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  1. Actually, their strategy is to partner with CUs – one per state….bypassing all the time consuming red tape/regulatory sessions and applications.

    Not a bad idea, actually!

    Jim Rudnick

    20/04/2007 at 09:27

  2. [...] 20th, 2007 · No Comments From the comments here, Jim tells us that Zopa’s intention is to partner with CU’s in each state.  More [...]

  3. Zopa – Money Making Potential?

    Zopa is a social lending and borrowing website that allows you to exchange with other people in the community. The site was founded through consumer research showing people were fed up with borrowing money from banks who make huge profits and that cert…

    Pete's ImAFish Blog

    11/05/2007 at 09:50


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