Monetto was kind enough to send me their press release, announcing partnership that they concluded with Nasza Klasa (Polish equivalent of classmates, but more of a Facebook phenomenon in terms of popularity).
Not that I could do anything with the material while in the Ukraine, but still a point for their PR.
One curious thing is the homepage screen shot they attached to the press release.
Some static elements are evidently in a “draft” state at the moment, and it’s not clear if the core functionality (transactions) has the same status. Placeholder for press snippets shows that Monetto has really high hopes. Folks at bankier should take note.
Back to the main point. From the press I understood that:
- Monetto signed letter of intention with Nasza Klasa regarding the partnership, which will work as the following (in my understanding) -
- Users of Nasza Klasa will be able to “confirm” their profile using Monetto capabilities (more info on blog entry: “test” money transfer and sending ID scans by email)
- Additionally, NK user will be able to indicate on his profile that he wants lend/borrow money
- Nasza Klasa hopes that it will improve credibility of the service (validation of profiles) and reduce problem of fake profiles
- Monetto hopes that users redirected from Nasza Klasa will in part get interested in P2P lending and use its intermediation
- The actual contract between two sites has not been signed yet
Meanwhile the release was picked by Gazeta Wyborcza, which reprinted it, without hesitating to spin the point about raising Nasza Klasa credibility to describe it as a site which “more and more often raises mixed feelings”. Get over it, Gazeta.
But in the end they comment that the deal has a high potential for both sites and can harm competitors a lot and especially kokos.pl.
My first thoughts on the deal below.
(read more…)
