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Prosper Marketplace, Inc.

Financial Services

Prosper Stock

Prosper offers a suite of financial services, including personal loans, home equity products, and a proprietary credit card. It targets individuals seeking financial solutions for debt consolidation, home improvement, and healthcare financing. Prosper is also known for providing investment opportunities in the peer-to-peer lending market.

Founded: 2005

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Prosper Company Overview

Prosper is recognized as the first peer-to-peer lending marketplace in the U.S., focusing on financial empowerment and innovation. The company's product range includes personal loans, home equity lines of credit (HELOCs), and the Prosper Credit Card, tailored for debt consolidation, large purchases, or emergency funding. The platform's user experience is highlighted by its streamlined online applications and fast funding. Prosper has facilitated over $27 billion in loans to more than 1.7 million people, supported by a mix of retail and institutional investors. These investments offer competitive returns, showcasing Prosper’s impact on the financial market. With a commitment to security, Prosper uses advanced encryption and maintains an A+ rating from the Better Business Bureau. It is an active member of the American Fintech Council, advocating for ethical fintech practices. Prosper also enhances financial literacy through its educational resources, establishing itself as a comprehensive financial platform for consumer empowerment and satisfaction.

Management Team

David Kimball CEO
Usama Ashraf CFO
Julie Hwang General Counsel
Nasos Topakas CTO
Kunal Kaul Executive Vice President, Operations
Jared Brown Vice President, People and Places
Sarah Cain Vice President, Communications
Stephanie Morgan Head of UX & Design
Ashish Gupta Chief Credit Officer
Allyson Bryant Head of Product

Funding Information

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News

Prosper Achieves Significant Milestone, Having Helped Over 2 Million Customers Improve Their Financial Well-Being

Prosper Marketplace, the first peer-to-peer lending platform in the United States, proudly announces that, as of July 2024, it has helped more than 2 million customers advance their financial well-being through access to its personal loan, credit card, home equity, and retail investor products.

Prosper Originates $595.6M in Q2

Prosper Marketplace’s Q2 loan originations of $595.6M was down 33% from the same period last year and down more than 5% from Q1 2023. The company attributed the decline to “reduced investor demand given the current uncertain economic environment.”

Prosper Announces New Chief Marketing Officer

Prosper Marketplace announced today that Melinda Marchesi has joined the company as Chief Marketing Officer. "We are incredibly excited to welcome Melinda to Prosper," said David Kimball, CEO of Prosper Marketplace. "With her proven track record of leading transformation and innovation, and her deep experience driving growth in lending and credit card categories, Melinda is extremely well positioned to provide Prosper the marketing leadership needed to achieve the lofty goals we’ve set for ourselves."

Prosper Marketplace closes USD 75 mln financing round

Prosper Marketplace, a US-based peer-to-peer lending platform, closes a new USD 75 million financing round from Neuberger Berman.

Prosper Marketplace Originated $891.9M in Loans in Q2, Records $42.6M Profit

Despite some uncertainty in the lending markets, Prosper Marketplace had a fairly good quarter. The company originated $891.6M in loans in Q2, nearly double the volume over the same period last year. Profitability too was there, coming in at $42.6M, up from a loss of $5.8M in Q2 2021.

Prosper Introduces the Prosper® Card to Help Consumers Take Control of their Credit

Prosper Marketplace, a fintech pioneer providing affordable financial solutions to consumers, today announced the launch of the Prosper® Card.

Prosper Reports Full Year 2018 Financial Results

Prosper, a leading peer-to-peer lending platform, today reported financial results for the full year ended December 31, 2018.

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Global Peer-to-Peer Lending Market Insights Reports 2019 – Pave, Inc., Daric Inc., Prosper Marketplace, Inc., Avant, Inc., CommonBond Inc.

The Market Research Store report is a collective informative report that goes through the fundamental characteristics of the Market Research Store, essential to be understood by the client including an expert or even a layman.

Prosper sells first PMIT consumer loan deal of 2019

Marketplace lender Prosper sold its first unsecured consumer loan ABS deal on Thursday, the sixth offering from its long running PMIT shelf and the smallest from the issuer to date.

Prosper Performance Update: December 2018

Today we are sharing performance data from the Prosper Portfolio for December 2018.

KBRA Assigns Preliminary Ratings to Prosper Marketplace Issuance Trust, Series 2019-1

Kroll Bond Rating Agency assigns preliminary ratings to three classes of notes issued by Prosper Marketplace Issuance Trust 2019-1. This is a $171.664 million consumer loan ABS transaction.

Government Shutdown: These Lenders Are Offering Personal Loan Relief To Affected Workers

Federal workers may be eligible for waived late fees or payment deferrals.