Remove 2006 Remove Lending Remove Online Remove User Experience
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Why Peer-to-Peer models struggle against oligopoly

Lex Sokolin

Everyone complains about Amazon, but we all shop online. The media industry has been able to deploy a business model that uses the Internet to deliver a better user experience when bundled with the law. It is a worse user experience to avoid it. And this realization takes us to Lending Club.

Lending 52
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M-Pesa’s Quiet Mobile Revolution 10 Years In

PYMNTS

According to “the father of mPesa,” Michael Joseph , when the idea first appeared on his desk in 2006, M-Pesa was really about something quite different than what it has since grown into — originally it was designed for the microfinance industry for the disbursement and repayment of microfinance loans.

Mobile 119
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From Alibaba to Zynga: 21 Of The Best VC Bets Of All Time And What We Can Learn From Them

CB Insights

Lending Club made changes to its business model that created new opportunities for growth. Lending Club. In 2006, amidst high user growth and revenue numbers, several firms took part in Facebook’s Series B: Founders Fund, Interpublic Group, Meritech Capital Partners, and Greylock Partners backed the $27.5M

Lending 78
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We analyzed 7 of the fastest-growing personal finance apps of all time to figure out the secrets to their success — here’s what we learned

CB Insights

At the time of acquisition, it had 700,000 users and had processed about $12 billion in transactions since its launch in 2013. The key to Level Money’s user experience is that it gets people to offer actionable information about their personal finances their first time using the product. So incentives are aligned.

Tools 78
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242 Startup Failure Post-Mortems

CB Insights

The Pivot : We came up with a fresh take on the plethora of AR-style apps that create visual effects based on face detection and tracking… [Poor user experience] had a big impact on our retention metrics. Markafoni was an online shopping destination for Turkish consumers, specialising in clothing and fashion accessories.

Company 78