In class the other day, we watched a TED talk by Rachel Botsman. She is Oxford and Harvard educated, and wrote the influential book What's Mine is Yours: The Rise of Collabrative Consumption. Botsman has come up with an entirely new way to recycle, and is sure to become a big name in the years to come.
After watching the video, we each had to pick a random company that followed the idea of collabrative consumption, and I got Zopa. Zopa is a peer to peer lending company where people can go and say how much money they'd be willing to lend at what interest rate, and then borrowers go and choose which offer they'd like to take. The whole transaction is free of any bankers, so there's no overhead. Zopa is an idea that could potentially revolutionize the lending industry.
Not only is Zopa a revolutionary idea, but it's also quite safe. They conduct background checks on all of their members, and have them all sign background checks. The borrowers also pay the lenders back through direct deposit, and if any payments are missed then a collection agency gets involved. It seems to me like Zopa is a great thing, and that it'll definetly take off and become something huge.
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