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Correction: Money & Markets Extra-Wireless & Cashless-Vouch

In the Wireless & Cashless module provided as part of Money & Markets Extra for the week ending Saturday, June 27, The Associated Press reported erroneously the name of the CEO of Vouch, a startup that dubs itself a “social network for credit.” The correct name is Yee Lee.

A corrected version of the story is below:

Vouch, a startup that dubs itself a “social network for credit,” aims to use your social contacts to gauge if you are worthy of a loan – and how large.

Launched earlier this year, Vouch tries to differentiate itself in the alternative lending space by creating a social network for lending rather than using people’s existing networks such as Twitter and Facebook, says CEO and co-founder Yee Lee, who was an early employee at PayPal. In essence, your friends vouch for your creditworthiness.

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