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7 Results from /payments, "Zopa", 2008

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Loanio stops taking new loans as SEC outlines reasons for P2P lending freeze

Loanio has become the latest US online person-to-person lending exchange to stop taking new loans whilst it registers promissory notes with securities authorities.

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Prosper stops taking new loans

US online person-to-person lending exchange Prosper has stopped accepting new loans as it looks to register its business with federal regulators.

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Zopa quits US

Peer-to-peer lending platform Zopa is shutting down its operations in the US - just 10 months after launching in the country - due to tough market conditions.

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P2P lender Zopa reports soaring uptake as credit crunch bites

As the credit crisis forces traditional banks to tighten their lending criteria, UK P2P loan market pioneer Zopa is reporting soaring interest from both borrowers and lenders.

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Zopa passes 200,000 members

As traditional banks tighten their lending criteria, UK P2P loan market pioneer Zopa is forecasting fast growth after passing the 200,000 member milestone earlier this month.

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Zopa targets Japanese market

UK social lending platform Zopa has announced plans to launch its person-to-person service in Japan later this year.

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Banks facing increasing competition from social networks - Gartner

Social banking platforms - such as peer-to-peer (P2P) lending networks like Zopa and Prosper - will grow to control 10% of the worldwide market for retail lending and financial planning by 2010, according to research by consultancy Gartner.