Meet ZimpleMoney, a new P2P loan solution

A new platform was recently introduced to enter the P2P lending market. ZimpleMoney, the Costa Mesa, CA-based startup, is offering the solution to third parties allowing them to build their lending services on its base. Additionally, organizations can select ZimpleMoney's processing capabilities to manage loans and financial transactions.

The platform is intended for non-profits, foundations, or microfinance organizations to launch web-based loan operations with a minimal amount of development time and expense. Banks, credit unions, and other financial services companies could also private-label the service for their clients. ZimpleMoney is also applicable to handle a single loan amongst friends and family, either for personal or business use, like Virgin Money USA or LoanBack.

ZimpleMoney's site was launched on Monday and for now it works as a beta version. Some options like registration and other links are performed with errors and faults.