Money Monday: Zopa and Joost

Filed in archive Companies , Finance on May 21, 2007

ZOPA SCORES $12.9 MILLION FOR P2P LENDING

Zopa is two years old and based in Britain. Zopa specializes in P2P lending, which directly connects individual lenders and borrowers and bypasses a bank or other formal financial institution. The funding will be used to support marketing and a U.S. launch. Zopa has 135,000 members. Its founders come from the Internet bank Egg. Zopa investors include Bessemer Venture Partners, Benchmark Capital, Wellington Partners, Tim Draper, and The Rowland famil.

JOOST JUMPS WITH $45 MILLION FOR P2PTV

Joost added $45 million in follow-on funding from CBS and Viacom, as well as VC firms. Joost said the money will go product development, global expansion, and enhanced services.