Funding: BLender raises $5 million to connect borrowers and lenders around the world

It has been a decade since social lending or P2P lending made its breakthrough in the loan arena. The idea is simple: it involves connecting an individual with liquid money that is available for investment with one who needs a loan but is deterred by high interest rates or the bureaucracy of banks or credit card companies. The Israeli company BLender operates an online platform to make such connections and announced today (Sunday) a funding round of $5 million fund led by Blumberg Capital. Read more.