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Zopa - peer to peer banking PDF Print E-mail
Sunday, 13 March 2005 01:20
I just came across an interesting new banking institution called Zopa. Zopa matches borrowers and lenders for direct lending between them. It charges 1% flat fee on the loan, and provides the credit protection / debt collection etc services. Given the lack of innovation and inefficiencies in the banking sector it wouldn't surprise me to see this take off. Currently its for UK residents only.