P2P Finance – Follow Up
 Another site has come to our attention in the P2P finance category: Fundable.com offers the opportunity for a group of people to collect money for a specific goal. This group of people can be a closed group of friends planning a trip, or an open request to help fund the medical treament for someone’s injured dog. It is a very effective way of collecting money in for any purpose and fits in very well in the new P2P finance genre.
3 Responses to “P2P Finance – Follow Up”
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[...] Ben Zevenbergen [...]
There is some real value here. Curing a wounded dog or financing a trip is something a bank would never do. They would prehaps give you a personal general loan, but would not undertake a specific funding scheme for the medical treatment of your dog. Which leads to those events not taking place and opportunities for making money (the vet and the travel agency) being missed. This initiative could lead to an increase of execution of plans and activities that would not take place in the absence of traditional banks being willing to provide funding.
Maybe that is where the strength of P2P finance lies: not as much in competing with bank as well as opening up funding for activities banks would never be interested in.
I certainly agree, but the real trick is how we would move from p2p donations and loans to a highly distributed investment scheme, whcih would allow to invest into services such as delicious, which after all are not much more than a platform for shared social activity. Would it not be wonderful to invest £100 into such a service, see it grow, make it better than get £200 back at some point. How could such a system be designed?