GlobeFunder Launches New Online
Lending Marketplace
New Global Financial Services Player Disrupts the Consumer Lending
Industry
KALAMAZOO, Mich. (Business Wire EON/PRWEB ) September 26, 2007 --
The world’s first company to offer global
peer-to-peer and institutional direct-to-consumer online lending
launches their US platform in early October.
GlobeFunder uses proprietary
technology and consumer finance industry best practices to offer loan
funding to borrowers looking for lower interest rates. The goal: higher
returns for lenders and lower costs for borrowers through the
GlobeFunder online marketplace.
“GlobeFunder provides a simple, scalable
platform that will marry the best attributes of online borrowing with
new profitable loan opportunities for lenders in a global loan
marketplace,” says President and Co-Founder
Benjamin Decio.
GlobeFunder has partnered with companies like Experian, CSC,
and eDominate to screen borrowers, service loans and process
repayments online. This cuts out consumer finance companies and banks,
ultimately lowering borrowing costs to benefit consumers.
What this means for US borrowers:
-
Lower interest rates for access to capital up to $25,000,
-
Online, no-wait funding for qualified borrowers
-
Online repayment of loans.
What this means for US lenders:
-
Potentially higher rates of return compared to conventional investments
-
Ability to select qualified, pre-screened borrowers
-
Separate, easily managed online accounts
-
Access to funds via ATM, or where MasterCard is accepted
GlobeFunder is on track to extend its services to more than 42 states by
the end of 2007. After successfully leveraging the GlobeFunder platform
to attack the $800+ billion U.S. unsecured consumer loan industry,
GlobeFunder plans to launch in an emerging market by January '08.
GlobeFunder (www.globefunder.com)
is based in Kalamazoo, MI, the only city in the 2007
Fast Company 50.
About GlobeFunder: GlobeFunder is committed to being the leader
in providing alternative loan funding where it is needed most, at
market-driven interest rates, with the highest levels of service and
integrity. GlobeFunder’s online lending
marketplace for small loans scales by lowering capital costs for
borrowers and providing market-driven returns for lenders. The
GlobeFunder online marketplace launches in October 2007. Please go to www.globefunder.com
for more information.
See the original story at: http://eon.businesswire.com/releases/globefunder/online/prweb556604.htm
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