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GlobeFunder Launches New Online Lending Marketplace: New Global Financial Services Player Disrupts the Consumer Lending

KALAMAZOO, Mich. (BusinessWire EON) September 26, 2007 -- GlobeFunder uses proprietary technology and consumer finance industry best practices to offer loan funding to borrowers looking for lower interest rates. The goal: higher returns for lenders and lower costs for borrowers through the GlobeFunder online marketplace.

"GlobeFunder provides a simple, scalable platform that will marry the best attributes of online borrowing with new profitable loan opportunities for lenders in a global loan marketplace," says President and Co-Founder Benjamin Decio.

GlobeFunder has partnered with companies like Experian, CSC, and eDominate to screen borrowers, service loans and process repayments online. This cuts out consumer finance companies and banks, ultimately lowering borrowing costs to benefit consumers.

What this means for US borrowers:

-- Lower interest rates for access to capital up to $25,000,

-- Online, no-wait funding for qualified borrowers

-- Online repayment of loans.

What this means for US lenders:

-- Potentially higher rates of return compared to conventional investments

-- Ability to select qualified, pre-screened borrowers

-- Separate, easily managed online accounts

-- Access to funds via ATM, or where MasterCard is accepted

GlobeFunder is on track to extend its services to more than 42 states by the end of 2007. After successfully leveraging the GlobeFunder platform to attack the $800+ billion U.S. unsecured consumer loan industry, GlobeFunder plans to launch in an emerging market by January '08.

GlobeFunder (www.globefunder.com) is based in Kalamazoo, MI, the only city in the 2007 Fast Company 50.

About GlobeFunder: GlobeFunder is committed to being the leader in providing alternative loan funding where it is needed most, at market-driven interest rates, with the highest levels of service and integrity. GlobeFunder's online lending marketplace for small loans scales by lowering capital costs for borrowers and providing market-driven returns for lenders. The GlobeFunder online marketplace launches in October 2007. Please go to www.globefunder.com for more information.

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