There isn't any information about the people behind appbackr on your site. I would never enter into a financial agreement with a completely unknown entity.
I think you need to personalize the site - let us know who exactly we're dealing with.
Other than that - it's an interesting concept. I think the description of how it works could be made clearer, but it's an interesting idea.
Thanks for your comment. We created the site on a very tight deadline where we had to code everything in 45 days to meet the PayPalX deadlines. We will add some information about who we are. My name is Trevor Cornwell. Here is my Linked profile: http://www.linkedin.com/in/trevorcornwell and I am on Facebook at facebook.com/cornwell and twitter.com/appbackr I hope that you'll follow our progress. If you'd like to meet come to to: peerfinancingny.eventbrite.com
I think you need to personalize the site - let us know who exactly we're dealing with.
Other than that - it's an interesting concept. I think the description of how it works could be made clearer, but it's an interesting idea.