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  1. 1. ZOPA <ul><li>Todd DiGeronimo </li></ul><ul><li>Pranay Jain </li></ul><ul><li>Brandon Tang </li></ul><ul><li>Jigar Gadar </li></ul>IT 101X 09 Prof. Frydenberg September 29, 2008
  2. 2. <ul><li>The site was launched in 2005. </li></ul><ul><li>The company is based in London and backed by Benchmark Capital and Wellington Partners. </li></ul><ul><li>Zopa operates within the United Kingdom, United States, Italy and a Japan. Each geographical area operates on a slightly different model. </li></ul><ul><li>Zopa launched in the US  on December 4, 2007 . </li></ul><ul><li>It has already touched 6 Billion dollars in turnover </li></ul>The creators of
  3. 3. Why ZOPA? <ul><li>Credit market crash has reduced total availability of easy credit </li></ul><ul><li>Zopa is a global  social finance  company. Zopa is a community of members who help each other financially using the tools of finance and social networking. </li></ul><ul><li>Gives unsecured loans from $500 to $25000 for 5 years </li></ul><ul><li>You can get a loan at 0% interest </li></ul><ul><li>The lenders or investors have their investment underwritten by credit unions who take the credit risk. </li></ul><ul><li>So if any of you want an unsecured loan to buy a car start a new business or general expenses Zopa might just be the place for you. </li></ul>
  4. 4. What is ZOPA?
  5. 9. Competitive rates
  6. 10. HOW DOES IT MAKE MONEY? <ul><li>Zopa makes money primarily by servicing the Zopa Loans and Zopa CD's for our partner credit unions. Consumers pay no fees to transact or on a recurring basis so long as all their payments are not defaulted </li></ul>
  7. 11. So how Is Zopa any different from other Lending sites like Prosper? <ul><li>Zopa allows people to help other borrowers from the interest they receive while Prosper is focused on providing you with the lowest rates. </li></ul>
  8. 12. Ease of Use <ul><li>Borrowers:- Just register yourself and then fill out a page of personal data and your done. </li></ul><ul><li>The amount of time required to receive this money depends on your credit rating. </li></ul><ul><li>The Lending is as simple. Just give your bank account details, interest rate and term for which you are lending and it’s done </li></ul>
  9. 13. IS THIS The NEXT “BIG THING” <ul><li>The web portal has dramatically grown in size since its inception as you can see. Even though the total visitors do not compare to that of other web sites like Facebook or Google we believe that it can surely create a niche for itself in the online financial lending market </li></ul><ul><li>It’s users by category are 43.4% from UK, 26% from the US and other countries constitute the rest. This is clear evidence as to what the scope and reach of this portal can be if enough people start using this. </li></ul>
  10. 14. What we wish it did and does not do? <ul><li>We wish it had a more flexible time schedule. As of now it has a fixed five year term which does not necessarily suit all our needs </li></ul>
  11. 15. Is It Web 2.0? <ul><li>Money Control is Web 2.0 because it: </li></ul><ul><ul><li>Uses java scripts </li></ul></ul><ul><ul><li>Has a rich user experience </li></ul></ul><ul><ul><li>Is a social networking platform </li></ul></ul><ul><ul><li>More people who use it the better it becomes </li></ul></ul><ul><ul><li>So the answer is YES it is surely a WEB 2.0 company </li></ul></ul>
  12. 16. Works Cited <ul><li> </li></ul><ul><li> </li></ul><ul><li> </li></ul><ul><li> </li></ul><ul><li> </li></ul><ul><li> > </li></ul><ul><li> </li></ul><ul><li> </li></ul><ul><li> </li></ul>