New Zealands leading angel providing early stage first round financing to ICT start up companies. Apply Now
Posted by NZ Herald on 24 October 2008
Nexx, an on-line social lending business being developed by four young entrepreneurs at business growth centre The ICEHOUSE, has raised $600,000 in funding from a group of angel investors led by the ICE Angels.
Nexx co-founder Ben Milsom says on-line social lending, which matches lenders with borrowers, is well established in North America and Europe through websites such as Zopa and Prosper. Like Zopa and Prosper, Nexx will earn revenue from a small percentage transaction fee on each loan.
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