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Candace Klein, SoMoLend -- Peer-to-Peer Lending Technology.mov

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Uploaded on Sep 13, 2011

With the decrease of bank loans to startup businesses, SoMoLend wants to capitalize on a trend in lending. It's called peer-to-peer lending, and it involves private individuals and businesses lending to each other. This company has software that uses the web and interactive mobile devices to match borrowers with lenders. Revenue will mostly come from a fee on the transactions made through an electronic payment system.

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