Tuesday, August 18, 2009

Another Peer To Peer Lender in Spain: Lubbus

Lubbus is another Peer to Peer lender in Spain that I just learned a little about today. They’ve been in business since 2008, but the site launched on April 19th, being the first P2P lender in Spain. Another interesting thing is that Lubbus offers a secondary market like Prosper does.

I ran across an interview with the CEO online and at the time (sadly the article was undated) the hold up in licensing was data-authority security regulation (i.e. Web site security). Unsure if that has been resolved or not, but the site does appear to be functional.

Unfortunately, Lubbus.com is very graphics-intense, so computer translators don’t translate it well. If you read Spanish—would you take a look and see if you can tell what’s going on? I’d sure appreciate any help on that.

1 comment:

P2P Lending News said...

Lubbus might be the first site to launch in Spain, but the site is a real mess, and they do a horrible job of explaining it (even for someone who speaks/reads Spanish). The secondary market is just vaporware at this point, and the few "listings" that are on the site appear to be static (they have not changed in weeks).

I tried contacting the Lubbus folks for some info, and they mailed back an incredibly long and complicated story. I passed.