The Anonymous Widower

Did Betfair Lay Down The Model For Social Lenders?

Zopa, Funding Circle and Ratesetter, think they are unique, but did they just borrow the principle from the betting exchange, Betfair.

In all four, you can play both sides against each other, although the purpose of Betfair is different.

The same principles could also be applied to an energy exchange.  Let’s say a town or an area got together and pooled their energy needs and say they wanted a particular price, which the energy suppliers could then bid for.

I don’t see too much difference.

August 13, 2012 - Posted by AnonW | Finance | Banks, Betfair, Energy, Funding Circle, Gambling, Ratesetter, Zopa