Archive for the ‘WikiLoan Inc. WKLI’ Category

WikiLoan, Inc. (WKLI.OB) Video Chart for Tuesday, April 20, 2010

Tuesday, April 20th, 2010

WKLI has made a solid move during the last 2 trading days, but now it is at a resistance point. Will it break through? The video explains what to look for at this point.

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WikiLoan (WKLI.OB) Banking On A $6 Billion Market

Friday, March 26th, 2010

WikiLoan Inc., operators of a groundbreaking Web-based person-to-person borrowing and lending platform, has surprised everyone by its sudden success in one of the fastest growing segments of the financial services industry, peer-to-peer lending.

The fledgling company has become the go-to place for virtually anyone looking to borrow or lend money, from $1,000 to $25,000. A world apart from the stuffy, paper-laden, and inflexible environs of the big lending institutions, WikiLoan has become a breath of fresh air in an otherwise stale industry. Using an easy-to-navigate online front-end, the company allows individual borrowers and lenders to easily work out beneficial loan terms while WikiLoan provides all the loan documentation, promissory notes, repayment schedules, online repayment capability, and even email reminders. Most importantly, the company provides screening and credit checks on borrowers, and allows lenders to select the types of borrowers they wish to consider.

The market for peer-to-peer lending is exploding, already approaching the $6 billion mark. There’s a good reason for this. With the worldwide credit calamity, the traditional lending institutions have made it difficult or impossible for many consumers to get a loan, especially non-collateralized personal loans. People turning to credit cards or short-term consumer loans face interest rates and fees that border on the insane. Credit card rates for cash advances often top 25% annually, with the annualized rate on some short term loans amounting to nearly 100%.

With WikiLoan, borrowers are usually able to access funds at rates that typically range from 10% to 16%. This is a huge break for cash-strapped borrowers, while representing a healthy return for individual lenders who might otherwise be looking at 2% or less letting their cash sit in the bank. In fact, beyond the economics, many personal lenders are finding a deeper social value in the whole process, an opportunity for them to help others in ways that a bank never would.

WikiLoan is reaping the benefits of it all by offering a solution that more and more people obviously want. The company earns revenue from relatively small fees charged for its services, $25 for credit scoring, $35 for loan documentation, and a 1% annual administrative fee on the adjusted outstanding principal from the lender. In addition, the company is already anticipating significant additional revenue streams from things like website advertising, along with new credit card and auto loan origination initiatives.

It’s little wonder that WikiLoan sees itself in a great position, riding a market that shows no signs of slowing, with revenue opportunities that increase almost daily.

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WikiLoan, Inc. (WKLI.OB) to Tap Underserved Banking Customers with New Card

Tuesday, March 16th, 2010

WikiLoan, Inc. – the bold pioneer in a growing world of peer-to-peer lending whose social media-based lending portal,, is fast becoming a familiar hangout to family and friends seeking a low-cost yet structured means to lend money amongst each other – announced recently a major new strategic push to serve the unbanked and underbanked.

With over 28 million potential customers in the US alone, this is a gold-mine market segment which has proven historically difficult to court. In spite of that, WikiLoan – with its innovative financial services model – is seeing penetration into this group.

The “Wiki” branded cards could be on shelves at over 20k locations by April 1, and with up to 5 million estimated cards distributed everywhere throughout the US, the “Wiki” brand should receive a great deal of attention while the Company stands to generate additional capital.

This strategy has the beneficial secondary advantage of channeling traffic to the site, where generally underserved banking customers can find lending services in a comfortable, easy to use and fun environment where the user has all the tools at his or her disposal, making otherwise wary consumers feel right at home and in-charge.

Founder and President of WKLI, Edward DeFeudis, speaking of the unique aspects of the new deal offered as part of a bold new strategy to acquire this much sought-after customer segment, noted the “shotgun” distribution pattern employed and the specific emphasis on immigrant communities and shops run by local merchants, who often serve as a confidant to customers.

DeFeudis noted that, within such neighborhoods, these store owners often act as a stand-in for financial services providers, “directly educating customers about various products and services”, and DeFeudis acknowledged the Company’s expressed intent to capitalize on these existing relationships.

By addressing the highly specialized needs of individual customers via the card solution, which can be applied in a multiplicity of ways, the Company seeks to bridge the cultural gap. Additionally, by leaning into the distribution methodology, the Company is sure to seed the “Wiki” brand throughout a thriving marketplace.

Founder and CEO of WKLI, Marco Garibaldi, called the new product perfectly positioned to fill the needs of this community by giving consumers a “resource for short-term loans with extremely low fees, fast identity verification methods, and the creation of payment histories, which may help build credit”, and emphasized that the Company would continue to focus its efforts on providing technical solutions for people which will eventually influence them to select higher value products.

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WikiLoan, Inc. (WKLI.OB) Updates Investment Community with Shareholder Update

Wednesday, March 10th, 2010

WikiLoan, Inc., operator of a financial social network, yesterday presented its history and progress to shareholders.

CEO, Mr. Garibaldi stated, “Remember, Bill Gates, Michael Dell, Steven Jobs? – They all started out as the proverbial ‘two guys in a garage’ creating a business that they believed would transform antiquated models. We started out like them – Two guys in a ‘garage’, with a vision to replace an old platform with a 21st-Century one. We overcame tremendous obstacles, spent over $1 million and 20,000 man-hours, to create this new platform that we believe will take the lending business to its next evolution. Like us, Gates and company, recognized a time to raise capital and bring on seasoned management into their ‘garage,’ so their creation could go to the next level.”

He continued, “The boldness, relentlessness and uphill battles to uphold a belief are exhausting, and that’s why just a few brilliant entrepreneurs get to the finish line. And, that’s also why some archaic institutions, such as banks, remain in business instead of making way for the new century’s platforms, such as WikiLoan. If we’re able to close on the financing to bring in the big management and close on the acquisitions we’re targeting, we believe we’ll be on our way to realizing our (garage) dream of becoming a billion -dollar company.”

According to the press release, overall traffic is picking up swiftly and the company is starting to see momentum on the website with new borrowers and lenders signing up every day.

The peer-to-peer lending business plan executed within the corporation began on January 18, 2008. The company was in development for close to two years as Swap-a-Debt, Inc. After beta testing the software thoroughly and spending more than $1 million, the live version of the website finally launched as on December 21, 2009.

“The biggest hurdle for us was to build a software to rival the biggest players in the market on a budget that was a fraction of the competition. Other companies such as raised as much as $40 million to get their companies to where I believe WikiLoan is today,” commented Edward C. DeFeudis, Founder and President of WikiLoan, Inc.

WikiLoan’s founders, Mr. DeFeudis formerly of Merrill Lynch and Mr. Garibaldi formerly of IBM, managed the process to build WikiLoan’s robust 100% proprietary peer-to-peer lending platform. Many more modules already developed for the platform will be activated as the company continues to execute its strategy. During the process of development, WikiLoan used more than 20 programmers, 4 attorneys, 2 accountants, and several consultants. The company still retains 5 programmers, 2 attorneys, 1 accountant and several consultants. WikiLoan could hire as many as 8 full-time employees over the next year.

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WikiLoan, Inc. (WKLI.OB) Announces Progress in Card Program

Tuesday, March 9th, 2010

WikiLoan, Inc., operator of a financial social network, announced yesterday after the closing bell that it anticipates receiving final design and specifications for the first stage product of “Wiki” branded phone cards by early next week. The cards are to be sold through SDI’s distribution channel that reaches more than 20,000 retail locations. The approval of the design and specifications will be the first material step taken since the agreement was signed last month.

“I’m excited that the process has begun to execute our strategy outlined last month to gain a foothold in this market. The deal to develop and market “Wiki” branded products will allow our services to be advertised to millions of people in our target market,” stated Marco Garibaldi, WikiLoan’s Founder and CEO.

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WikiLoan, Inc. (WKLI.OB) Values the Unbanked

Friday, March 5th, 2010

WikiLoan, Inc. is a financial social network focused on serving the unbanked and underbanked consumer market, which exceeds 28 million in the US. It is anticipated that the company’s “Wiki” branded cards will be launched into the marketplace by April 1 and may ultimately reach more than 20,000 distribution points. Up to 5 million “Wiki” cards will be sold possibly resulting in tens of millions of consumers being exposed to the “Wiki” brand through various advertising collateral.

“What’s so special about this deal is that the distribution points are primarily located within immigrant communities and run by local merchants. Often within these neighborhoods, storeowners directly educate consumers about various products and services. We intend to capitalize on these relationships by offering products that address the needs of the local consumer while giving them a great value. The company believes that the local footprint will bridge the cultural gap, build trust and strengthen the speed of adoption of “Wiki” branded products,” stated Edward DeFeudis, Founder and President of WikiLoan.

“WikiLoan is perfectly positioned to fill the needs in this community by giving consumers a resource for short-term loans with extremely low fees, fast identity verification methods, and the creation of payment histories, which may help build credit,” added Marco Garibaldi, Founder and CEO of WikiLoan. “WikiLoan will continue our focus to build out technology to accommodate the needs of the market, and eventually attract them toward more traditional and profitable products in the future.”

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WikiLoan, Inc. (WKLI.OB) Announces Renegotiation of ACH Fees

Thursday, March 4th, 2010

WikiLoan, Inc., a financial social network, announced yesterday that it has successfully renegotiated with its contracted processor for dramatically lower ACH fees. Higher payment and money transfer fees directly increase the cost of consumers who make transactions on the Internet.

“This renegotiation represents a tremendous savings for the users of our website. It will save them in excess of 80% on every transaction, with little impact on WikiLoan’s margins,” stated Edward C. DeFeudis, WikiLoan’s Founder and President.

“It was a high priority for us to adjust the processing charges for our users, particularly for the small transactions. Providing payments for $0.99 per transaction will help to establish and maintain a great user experience on,” added Marco Garibaldi, WikiLoan’s Founder and CEO.

According to the company, its new rate of $0.99 per transaction is down from $5.00 to $15.00 depending on the type within the WikiLoan system. This change is anticipated to save borrowers up to $249 in fees over the course of the maximum 60-month duration of a loan.

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WikiLoan, Inc. (WKLI.OB) Hits All-time Record Breaking Volume!

Wednesday, March 3rd, 2010

WikiLoan, Inc. (WKLI.OB) has already traded over 1.5 Million shares today – a new all-time record in just the first hour of trading! The stock’s 3-month average daily volume is 431,000 traded shares!

In recent news, the company announced that it has signed a definitive 2 year agreement with SDI Distributors NJ, Inc. (SDI) to develop up to 5 million “Wiki” branded phone and cash equivalent cards to be sold through SDI to more than 20,000 retail locations. According to the press release, the agreement could generate as much as $20 million in revenue over the next two years.

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WikiLoan, Inc. (WKLI.OB) is Ahead of the Game in Peer-to-Peer Online Lending

Thursday, February 25th, 2010

WikiLoan, Inc., pioneers of the revolutionary new website, a peer-to-peer lending facility that is streamlined for ease of use and security and structured around the social networking paradigm we’ve all come to know and love so well, is poised to explode due to its cutting-edge profile and extenuating market factors.

Consumer attitudes towards online lending in response to the global credit crunch have led to straitened lending protocols and high interest rates, further complicated by constrictive borrowing requirements, making the process of loan acquisition nightmarish to a huge chunk of the market.

This problem drastically affects micro-loan situations for lenders with credit challenges seeking loans under $25k, making this market critically under-served at this time, as demand booms such architectures as that which WikiLoan provides will be there to capitalize on the organic private lending business.

WikiLoan users are able to cut out the “middle man” and set their own conditions, all in a comfortable and intuitive online environment that allows people to connect directly and safely to manage the loan process through to completion more efficiently and with less micromanagement or footwork.

By providing prospective lenders and borrowers with a sophisticated suite of automated and configurable tools that allow them to circumvent the normally laborious process of traditional commercial lending, and set rates that make sense to both parties involved, WikiLoan’s powerful infrastructure manages the loan documentation, repayment scheduling, promissory notes, automated reminders, and online repayment/account access.

Users can quickly sign up for free and get started. Borrowers go through a rudimentary process to create and post their loan for $1k-25k, setting a rate they want to pay, and the website performs the calculations to generate the borrower’s WikiScore, after which time the borrower can invite friends to view the listing. Borrowers pay $35 for loan documentation and $15 for the credit score, while lenders pay a tiny 1% administrative fee based on the adjusted outstanding principle.

This is a comfortable, efficient and secure environment in which to manage lending and borrowing, unlike the archaic and inaccessible traditional methods; a way of doing business whose time has come. Once loan fulfillment is acquired, WikiLoan handles the promissory note, issues proofs to both parties, and handles ongoing notification and online repayment.

This sort of peer-to-peer lending architecture represents the evolution of several trends in what is one of financial services’ fastest growing sectors, and clearly will not only have staying power for the foreseeable future, but has the potential to change the way micro-lending is done and create huge returns for the Company’s investors.

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WikiLoan, Inc. (WKLI.OB) Announces Major Deal, Revenues to Potentially Top $20 Million

Friday, February 19th, 2010

WikiLoan, Inc., a financial social network, announced after the closing bell that it has signed a definitive 2 year agreement with SDI Distributors NJ, Inc. (SDI) to develop up to 5 million “Wiki” branded phone and cash equivalent cards to be sold through SDI to more than 20,000 retail locations.

According to the press release, the agreement could generate as much as $20 million in revenue over the next two years. This agreement would also allow WikiLoan’s brand to gain valuable exposure to millions of users throughout the country.

“I’m truly excited that we have begun to execute our strategy outlined earlier this year. The deal to develop and market ‘Wiki’ branded products sold through SDI to the retail locations it reaches will not only generate substantial cash flow, but will advertise our services to millions of people in our target market,” stated Marco Garibaldi, WikiLoan’s Founder and CEO.

“Working with WikiLoan allows SDI to leverage our brick and mortar presence with innovative technology to expand our product offering to our existing customer base, which is a constant goal for our company,” commented Sohel Kapadia, SDI CEO.

“We are fortunate to have signed a deal with one of the largest phone card distributors in the country. SDI’s distribution points will provide WikiLoan exposure to millions of customers nationwide,” added Edward C. DeFeudis, WikiLoan’s Founder and President.

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WikiLoan, Inc. (WKLI.OB) Led by Solid Management Duo

Friday, February 19th, 2010

WikiLoan, operator of a Social Network with a focus on finance, owes its success to the highly-skilled management team that currently leads the company. Having accumulated years of business experience, the powerful duo continues to leverage their resources to further build the company.

Marco Garibaldi – Founder, Chief Executive Officer

Mr. Garibaldi has extensive experience as an entrepreneur and manager overseeing the development and growth of innovative emerging companies. Also a computer programmer, he has more than three decades of extensive experience in a variety of sectors including computer programming, the Internet, entertainment and the business advisory industry. He began his career at Burroughs and Sperry, which, in 1986, became Unisys Corp. and later founded a think-tank corporation called InterComm, Inc.

At InterComm, Inc., Mr. Garibaldi took responsibility for introducing a host of essential on-line applications widely used today and familiar to most Internet users. His contributions include the development of the online shopping cart, the online bookstore and the auction server, each of which represents a fundamental component of the current Internet commerce environment. Seeing the underserved need in the micro finance lending industry, Mr. Garibaldi is now dedicating his extensive technical skills and creative ingenuity to establishing WikiLoan, an online peer-to-peer lending community designed to bring lenders and borrowers together to pursue new opportunities.

Edward C. DeFeudis – Founder, President, CFO and Chairman of the Board

Serving as the President and Chairman of the Board of the Company since August 2005, Mr. DeFeudis is mainly responsible for start-up activities from business plan through execution. In addition to his positions at WikiLoan, he is the Manager of Spider Investments, LLC, as well as the President of Lion Equity Holding Corp., which has provided investment banking consulting business services for small and emerging growth companies since 1999. Previously, Mr. DeFeudis served as Financial Advisor for several financial institutions including Merrill Lynch and Oppenheimer Securities from 1996 to 1999. Mr. DeFeudis graduated from University of New Hampshire in 1995 with a BA degree in Political Science.

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WikiLoan, Inc. (WKLI.OB) to Ink First Deal Potentially Soon

Thursday, February 11th, 2010

WikiLoan, Inc., a financial social network, this morning announced that it is in the final stages of negotiating for its first major revenue producing deal. According to the press release, the company may have a signed definitive agreement as early as next week.

“We are fortunate that negotiations with our first deal are progressing rapidly and look forward to announcing the details to our shareholders,” said Edward C. DeFeudis, WikiLoan’s Founder and President.

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WikiLoan, Inc. (WKLI.OB) Initiates Marketing Campaign

Tuesday, February 9th, 2010

WikiLoan, Inc., pioneers in the bold new frontier of financial social networks and proprietors of – a website providing a powerful person-to-person framework for borrowing and lending – recently announced that it will begin a marketing campaign investors have been looking forward to for a long time.

Founder and CEO of WKLI Marco Garibaldi spoke of the effort and time that has gone into bringing the technology (on which this innovative new “peer-to-peer lending tools platform” is based) to maturity, and noted that the Company was finally in an ideal position, and the time finally right, to begin a marketing push. offers family and friends a unique and comprehensive toolset for borrowing and lending money among themselves, providing repayment schedules, documentation for the loan process, and access to a proprietary suite of administrative functions which allow users to do secure credit report analysis in an intuitive environment that allows the repayment process to be automated.

Free membership on WikiLoan means users can get started right away, becoming comfortable with the tools at their disposal, which include features like the automated payment reminders, lender portfolio balance sheets, and payment schedules, as well as a complete breakdown of transaction histories and the archiving capabilities for promissory notes.

Borrowers pay a $15 fee when they create a loan listing. This process verifies their identity and initializes their WikiScore, which is derived from the borrower’s credit rating. The borrower can then invite friends to view the listings.

When an appropriate lender is found, WikiLoan compiles the Promissory Note for a $35 fee, while lenders only pay a 1/12th of 1% fee to use WikiLoan’s management tools based on the per-month adjusted outstanding principle of the loan.

The simplified, automated tools this online portal provides users an unprecedented level of efficiency and affordability. Borrowers can create a loan listing from $1,000 to $25,000 in no time at all via a simple process, and then determine the repayment rate, get their WikiScore, and start bringing in people to their network to check out the listing.

Lenders who receive an invitation can check the borrower’s WikiScore, debt-to-income ratio and loan repayment schedule all in one unified and comfortable environment where additional tools to take the process forward are right at their fingertips.

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WikiLoan, Inc. (WKLI.OB) is “One to Watch”

Friday, February 5th, 2010

WikiLoan, Inc. operates a Social Network with a focus on finance. At, family and friends can borrow and lend money among themselves at rates suitable to their respective needs. The website provides repayment schedules and documentation for loans, along with proprietary administrative tools, enabling users to securely pull credit reports and automate the loan repayment process.

Through a simple process, borrowers can create a loan listing between $1,000 and $25,000. They set the rate they are willing to pay for the loan, get their WikiScore, and invite friends in their network to view the listing. Lenders then receive an invitation to view the listing and are provided with the borrower’s WikiScore, debt-to-income ratio, and the loan repayment schedule.

Once the loan is fulfilled, WikiLoan compiles the promissory note and provides it to all involved parties. The company also handles on-going notifications and provides access to online payment systems to ensure a smooth repayment process. Wikiloan generates revenues through fees for documentation, credit score checks and administrative services.

The market opportunity for WikiLoan is significant considering the ongoing financial crisis, bank consolidations and changing consumer behavior with regards to online lending, borrowing and banking. In the midst of current economic conditions, peer-to-peer lending has become one of the fastest growing sectors of the financial services industry and WikiLoan is well positioned to capitalize on its ongoing growth.

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