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