Tag Archives: RateSetter


Banking on one another: Can the crowd save itself from the banks?

Posted on by Ville Miettinen

… to the loan until it reaches its goal and the borrower gets their money. Some companies like RateSetter automatically link lenders and borrowers by the rates they want. Others like Funding Circle, which specializes in funding for small businesses, allow lenders greater control.

Despite their growth, peer-to-peer (P2P) lending only accounts for around $270 million of lending in the US. Such a measly amount is nowhere near sufficient to meet demand caused by banks’ current …

Tags: Bank crowd crowdsourcing eBay Facebook Funding Circle Loan microtask microwork Person-to-person lending RateSetter

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From millions of tasks to thousands of jobs: Bringing digital work to the developing world

Posted on by Vili Lehdonvirta

Every country in the world has probably benefited in some way from the unprecedented access to knowledge and services brought about by the digital revolution. But producing the knowledge banks and services has so far been a predominately rich-country business. The world’s poorest countries have generally not been able to participate in the production side of the digital …

Tags: Bank crowd crowdsourcing eBay Facebook Funding Circle Loan microtask microwork Person-to-person lending RateSetter

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