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civilisedmoney to enter P2P market
A new company called civilisedmoney is planning on launching peer-to-peer lending and borrowing to the existing crowdfunding portfolio around Q1 2012.
Jason Scott, co-founder of civilisedmoney stated to P2P Money:
We see an opportunity to establish civilisedmoney as a 'one stop shop' (for want of a better explanation!) of P2P and crowdfunded products. Through the core technology platform we will be able to roll-out a number of products, enabling us to cut the cost of using these - once funds are on the platform moving them between the different products is a simple and fast process.
We and others sense the time is right for P2P to go mainstream as a viable (and increasingly preferable) alternative to some of the products and services currently offered by banks.
We certainly agree that peer-to-peer lending and borrowing is becoming mainstream and the latest figures published by P2P Money show that almost £100million is on loan through peer-to-peer.