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Friendsclear, the French P2P lending service

10/20/2008
Innovation

The French P2P program, Friendsclear.com has been launched. In France, about 2 billions Euros a year are lended between particular. Sometimes, those lending cause disagreements. In that way, Friendsclear helps anyone who wants to lend or borrow money to a friend or to a member of its family so that the transaction appears as clear as possible. The firm is not involved in the transfer of the money itself but in a financial coaching, it aims to offer tools like debt recognition, payment calendar or expiry date. For now on, the service costs 9,90€ per registration. 

 

Perspective
What interesting in Friendsclear.com launching is that this kind of service was considering impossible according to the French legislation and banking regulation. However, this combination of business, non-profit organisations and social justice is being bolstered by a general consumer trend, the waste of confidence on banking institutions. Friendsclear  has been rewarded in April 2008 “best Angels 2008” in the category “Best Growth Potential”.

 

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