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At least that’s the way it worked for Lending Club, a Sunnyvale, Calif.-based startup that is going to announce $10.26 million in Series A funding from Canaan Partners and Norwest Venture Partners tomorrow.
The peer-to-peer lending is an interesting (and growing) business, as indicated by the early success of startups such as Prosper, which has been funded by Accel Partners, Benchmark Capital, Fidelity Ventures and Omidyar Network. Other players in this market include Loanio, Zopa and CircleLending. (see a related story from the WSJ: Options Grow For Investors to Lend Online)
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