This Week in Venture Capital – Episode 3
Both Sides of the Table
APRIL 21, 2010
This is the market that Wonga serves and they are killing it! Peer-to-peer lending service; started on FaceBook; claim to own 79% of the US peer lending market in March 2010 with a whopping $8,664,750. Investors: Foundation Capital (lead), with existing investors: Morgenthaler Ventures, Norwest Venture Partners, Canaan Partners.
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