Monday, July 1, 2013

The Advent of Auxmoney

Auxmoney is a peer lending company that was founded in 2007 by three German entrepreneurs. It has become very successful and is said to currently have over 500,000 members that have used the service.

The way that it works is that if an individual wishes to borrow some money, they will state how much they wish to borrow, and then state how much interest they are willing to pay.

Then they declare the type of project that the money is needed for and the length of time that it will take to pay back the money.

Please read my article about Auxmoney on my website

Money passing hands