RainFin aims to “shake up” financial services in SA

[rpm]

RainFin aims to “shake up” financial services in SA

Launching today (3 July 2012), social lending company, RainFin said it plans to bring disruption to the financial services sector through its online peer-to-peer lending platform. more

[Koosi]

ja and watch how the fraudsters get hold of this one

[Ockie]

mmmmm interesting...but I would personally be very hesitant to loan money like to someone I dont know. Even if they do have a good credit record.

[YingYang]

"shake up"? I'm not too sure about that

[czc]

Maybe shake down.

[themba990]

My question is what security is there for the lender besides the "strict credit vetting" process. What will RainFin do should the borrower default??

[YingYang]

My question is what security is there for the lender besides the "strict credit vetting" process. What will RainFin do should the borrower default??

They will probably moer him, not much else they'd be able to do

[Vlad]

<rant>
it really annoys me that in SA, most online articles never provide links to whatever they talk about.
in this case, what's the rainfin website ? How will people find them cause they don't rank on google and worst of all the most obvious answer : rainfin.co.za doesn't work without the www ...
How can ppl get these basic things so bloody wrong... </rant>

ps: no i don't need anyone providing me the actual link, just saying

[Koosi]

<rant>
it really annoys me that in SA, most online articles never provide links to whatever they talk about.
in this case, what's the rainfin website ? How will people find them cause they don't rank on google and worst of all the most obvious answer : rainfin.co.za doesn't work without the www ...
How can ppl get these basic things so bloody wrong... </rant>

ps: no i don't need anyone providing me the actual link, just saying

It annoys me too... Shoddy journalism at its best