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Press Releases
Prosper.com Funds More than $300 Million in P2P Personal Loans
February-2-2012
P2P lender funds a record of nearly $11 million in personal loans in January; 10.46%1 best-in-category returns continue to drive high growth
Independent Audit Confirms Industry-Best Returns of P2P Lender Prosper.com
January-25-2012
Industry-first independent audit demonstrates a model for transparency in P2P lending, verifies Prosper's industry-leading returns
Prosper Launches 'Fired Up' Kindle Fire® Sweepstakes
December-28-2011
Prosper is offering consumers the chance to win a Kindle Fire in its limited-time "Fired Up" Kindle Fire promotion.
Prosper Announces Support of UK Peer-to-Peer Finance Association
December-01-2011
As P2P lending realizes rapid growth, Prosper and UK-based groups call for industry performance standards
Prosper Supports Military Family Month with a Charitable U.S. Veterans Day Program
November-11-2011
Program rewards and honors U.S. veterans and active service members
Prosper.com Announces 367% Year-over-Year Growth in P2P Lending
October-20-2011
Best-in-category seasoned returns increase to 10.69%, drive record growth
Lendio and Prosper.com Bring Personal Loans, Affordable Capital to Small Businesses
October-4-2011
Partnership will help business owners and entrepreneurs gain access to small business loans
Prosper.com Investor Returns Increase to 10.6%*
August-8-2011
High-yield short-duration loans help investors diversify, reduce portfolio risk
Lender Returns of 10.4%* and Low Default Rates Continue to Drive Record Growth at Prosper.com
June-28-2011
Best-in-category lender returns and low default rates drive appeal of marketplace; Repeat borrowers surge 46% in May
Investment Management Veteran Joseph Toms Joins Prosper.com
June-27-2011
Former Lending Club Managing Director joins as Chief Investment Officer to advocate for and drive growth of individual and institutional investor base
Prosper.com Closes $17.2 Million Funding Round
June-7-2011
Leading Silicon Valley investors support vision for Prosper to become one of America's leading consumer lenders
Prosper.com Reports Double-Digit Compound Monthly Growth for Eight Consecutive Months
May-31-2011
Strong lender returns drive growth of P2P lending marketplace
Prosper.com CEO Chris Larsen to Speak at the Milken Institute 2011 Global Conference
April-28-2011
Consumer finance innovator and founder of U.S. P2P lending marketplace to join global leaders to discuss critical economic, social and political issues
Prosper.com Reports Record P2P Lending Growth in the First Quarter of 2011
April-20-2011
Peer-to-peer lending activity reflects macro-economic trends, including an increase in auto and small business-related loans
Wall Street Journal Names Prosper.com to 2011 "The Next Big Thing" List, One of Top 50 Venture-backed Companies
March-15-2011
Online peer-to-peer lending marketplace named one of 50 most promising companies in the U.S.
Prosper.com Celebrates Five Years of P2P Lending
February-16-2011
The pioneer of P2P lending marks the occasion with a special one-day promotion
Prosper Releases Peer-to-Peer Lending Stats for December and Full-Year 2010
February-2-2011
Loans jumped 22% in December to close out the year
Prosper Discovers Black Friday Is Not Only for Shopping
December-07-2010
Peer-to-peer lending pioneer sees surge in lender bidding activity on busy holiday shopping day
Prosper Unveils 1-Year and 5-Year Peer-to-Peer Loans
October-20-2010
Prosper's expanded product offering provides more diversification opportunities for investors and more flexibility for borrowers; September 2010 statistics released
Interest Rates Cut on Prosper P2P Loans
January-13-2011
The leading peer-to-peer marketplace rewards borrowers with new loan rates starting at a low 5.9% APR
Prosper Reports 17% Increase in Loans in November
December-20-2010
The leader in peer-to-peer lending rolls out significant enhancements to its loans marketplace
Prosper Discovers Black Friday Is Not Only for Shopping
December-07-2010
Peer-to-peer lending pioneer sees surge in lender bidding activity on busy holiday shopping day
Prosper Unveils 1-Year and 5-Year Peer-to-Peer Loans
October-20-2010
Prosper's expanded product offering provides more diversification opportunities for investors and more flexibility for borrowers; September 2010 statistics released
Prosper Member Base Tops One Million
October-04-2010
Prosper releases analysis of peer-to-peer lending risk performance; Loan loss rates for "Prosper 2.0" loans trend markedly lower
Prosper Loan Loss Rate Drops by 65%
September-21-2010
Prosper releases analysis of peer-to-peer lending risk performance; Loan loss rates for "Prosper 2.0" loans trend markedly lower
Prosper Releases 12-Month Peer-to-Peer Lending Stats
August-18-2010
Prosper surpasses $200 million in loans; Weighted average Prosper borrower credit score is 738; Lender expected annual returns tracking at 10%
Prosper Marketplace Closes $14.7 Million Series D Round
April-16-2010
Fund raise includes new investors TomorrowVentures and CompuCredit along with all existing Prosper investors
Prosper Closing in on $200 Million in Loans and Series D
March-31-2010
Prosper Enters Into Letter of Intent with New and Existing Investors
to Raise $13.3 Million to $15.8 Million; Releases February Metrics
Prosper.com Sees Debt Consolidation Hit All Time High
February-23-2010
Largest peer-to-peer lender sees approximately 60% of loans going to debt consolidation borrowers
Prosper Releases Peer-to-Peer Lending Market Survey
January-26-2010
Largest peer-to-peer lending marketplace releases performance statistics
Prosper Appoints Risk and Analytics Chief
January-12-2010
World's Largest Peer-to-Peer Lender Appoints Consumer Financial Services Leader Jim Catlin Executive Vice President of Risk and Analytics
Prosper Hails House Passage of Landmark Peer-to-Peer Lending Reforms
December-11-2009
House passes historic Wall Street Reform and Consumer Protection Act; Paves way to peer-to-peer lending regulatory oversight by CFPA; Provides robust protections for borrowers and investors
Prosper Sees Spike in Borrowers Seeking to Knock Out Credit Card Debt
December-08-2009
Majority of Largest Peer-to-Peer Lending Marketplace Borrowers Are Paying off High-Interest Credit Card Debt at a Lower Fixed Rate and Three-Year Term
Head of Citibank Sweden Joins Prosper
December-02-2009
Nick Talwar Appointed Chief Revenue Officer of Largest Peer-to-Peer Lending Marketplace
Prosper Loan Volume Up 65 Percent
November-17-2009
Prosper Releases October Stats; Unveils Affiliate Program
Prosper.com Lands Capital One Co-Founder and Investment
November-11-2009
Nigel Morris Joins Board of Directors and QED Investors Invests in Prosper
Zero Motorcycles & Prosper Team Up to Provide Financing for Electric Motorcycle Buyers
November-05-2009
First fully integrated peer-to-peer lending retail purchase financing solution
Financial Start-ups Form Coalition for New Credit Models
October-20-2009
With Washington Knee-Deep in Financial Services Regulatory Reform, Coalition to Advocate for Smart, Holistic Policies
Prosper Experiences Influx of Creditworthy Borrowers
October-07-2009
Monthly Market Survey Reveals Average Borrower Credit Score Has Risen Drastically;
Average P2P Personal Loans Credit Score Jumps to 714
Prosper's SEC Registration Declared Effective
July-13-2009
Prosper becomes first SEC registered auction-based P2P loans and trading platform;
Largest peer-to-peer loans marketplace resumes lending activity
Prosper Releases Market Survey Results for September 2008
October-14-2008
America's largest people-to-people lending marketplace, today released results for September 2008. Chris Larsen, discusses what role Prosper will play and what trends we are seeing in the wake of this full blown crash of the global financial system.
Prosper Releases Market Survey Results for August 2008
September-09-2008
America's largest people-to-people lending marketplace, today released results for August 2008. Prosper CEO and Co-Founder, Chris Larsen, discusses the impact of the pervasive credit crunch on the Prosper marketplace.
Prosper Releases Market Survey Results for July 2008
August-12-2008
For July, the survey includes statistics showing how borrowers who list and get funded in the Prosper marketplace indicate how they plan to use their personal loans. Also noteworthy, the percentage of prime borrowers hit an all time high, accounting for 47% of funded loans.
Prosper Releases Market Survey Results for June 2008
July-15-2008
In June, two very interesting independent academic studies were released.
Prosper Releases Market Survey Results for May 2008
June-10-2008
In May, a record number of loans—in terms of dollars and units—were funded in the Prosper marketplace. The sudden increased supply of loan listings with an attractive risk-return tradeoff (as cited in last month's survey) was the key driver of the record level of originations.
Prosper Releases Market Survey Results for April 2008
May-13-2008
The supply of loan listings with an attractive risk-return tradeoff hit an all time high and approximately doubled compared to the prior month. At the end of March, the supply of loan listings with an attractive risk-return tradeoff was approximately $5 million; and at the end of April the supply increased to approximately $11 million and has remained at that level into May.
Prosper Survey Reveals High Costs Deter US Consumers from 'Going Green'
Apr-24-2008
Social lending website provides an alternative way to fund eco-friendly home improvements
Prosper Releases Market Survey Results for March 2008
Apr-08-2008
Prosper's mix of "well priced" loans has dramatically changed from the same period last year with approximately a 200% increase in the percentage of "well priced" loans and a six-fold decrease in "low priced" loans. Part of this positive trend is attributable to the introduction of portfolio plans and performance guidance from the Prosper Marketplace.
Prime Borrowing on Prosper Hits Record Levels
Mar-11-2008
Spurred by the credit crunch, attractive rates, and lender demand for conservative assets, Prosper reported that the number of prime borrowers creating listings and obtaining loans continues to hit record levels.
Prosper Turns Two with 580,000 Members and Over $117 Million in Funded Loans
Feb-12-2008
Since launching on February 13, 2006, Prosper's funded loan volume has grown to over $117 million, up approximately $81 million or 225% from its first year. Prosper's national membership now consists of over 580,000 individuals, up approximately 405,000 or 230% over the same period.
Prosper Days People-to-People Lending Community Conference
Feb-5-2008
Prosper today announced its second annual community conference, Prosper Days, will take place in San Francisco on February 25th and 26th. The event is expected to draw more than 200 Prosper lenders and borrowers from across the country and features a keynote address by Stephen Dubner, author of the New York Times best seller Freakonomics.
Prosper's People-to-People Lending Market Survey – Dec 2007
Jan-15-2008
The key focus for loan buyers will be choosing borrowers smartly and pricing adequately for risk. Prosper's additions of Prosper-specific market risk data and Portfolio Plans were both major milestones in giving bidders the information they need to choose wisely. For borrowers, pricing their listings adequately, telling and explaining their story honestly, and involving friends and family to bid as a measure of social capital are great ways to increase the success of their auctions.
Prosper People-to-People Lending Market Survey - Nov 2007
Dec-11-2007
Prosper today released its November People-to-People Lending Market Survey. In this month's market commentary, Prosper Chief Financial Officer, Kirk Inglis, discusses how Prosper's rich and unique set of historical performance data has the potential to benefit both borrowers and lenders.
Prosper Crosses $100 Million Threshold - Freakonomics Author to Keynote Prosper Days
Nov-13-2007
Prosper today released its October People-to-People Lending Market Survey. In this month's market commentary, Prosper Chief Executive Officer and co-founder, Chris Larsen, discusses the impact the dynamics of the broader credit markets and Fed rate cuts are having on the Prosper marketplace.
Prosper People-to-People Lending Market Survey - Oct 2007
Nov-13-2007
Prosper today released its October People-to-People Lending Market Survey. In this month's market commentary, Prosper Chief Executive Officer and co-founder, Chris Larsen, discusses the impact the dynamics of the broader credit markets and Fed rate cuts are having on the Prosper marketplace.
Prosper Marketplace, Inc., Files Registration Statement with the SEC
Oct-31-2007
Following effectiveness of the registration statement, Prosper intends to establish and maintain a secondary trading market online auction platform, or Resale Platform, pursuant to which lenders may seek to transfer borrower notes to other Prosper registered lenders.
Prosper People-to-People Lending Market Survey - Sep 2007
Oct-9-2007
Prosper today released its September People-to-People Lending Market Survey. Prosper's People-to-People Lending Market Survey provides key statistics and a market commentary by Chris Larsen, Chief Executive Officer of Prosper.
Prosper's People-to-People Lending Market Survey - Aug 2007
Sep-12-2007
Prosper today introduced its first monthly People-to-People Lending Market Survey. Prosper's People-to-People Lending Market Survey will survey the marketplace each month to provide key statistics. In addition, the survey will include a market commentary by Chris Larsen, Chief Executive Officer of Prosper.
Prosper and SBI Holdings to Establish Prosper in Japan and Other Asian Countries
Aug-6-2007
Prosper and SBI Holdings, Inc., a holding company for SBI Group, the financial innovation leader of Japan, today announced an agreement to form a joint venture to facilitate the launch of Prosper in Japan and explore other Asian markets.
Prosper Secures an Additional $20 Million
Jun-20-2007
Prosper today announced announced the closing of a $20 million Series C financing round led by DAG Ventures and Meritech Capital Partners with participation by existing investors: Accel Partners, Benchmark Capital, Fidelity Ventures and Omidyar Network.
Prosper Membership Surpasses 300,000 and Funded Loans Exceed $65 million
Jun-4-2007
Prosper today announced that over the course of the last three months its membership has increased by 50 percent and funded loans have increased by over 60 percent. Prosper's membership base now consists of more than 300,000 individuals with over $65 million in loans funded on the marketplace.
Prosper Launches "Fantasy Banker" on Facebook Platform
May-24-2007
Prosper today unveiled its Fantasy Banker application at Facebook's f8 event. Prosper built Fantasy Banker using Facebook Platform, a development system that enables companies to integrate with Facebook and gain access to its 24 million users.
Prosper Membership Leaps to 200,000 and Funded Loans Top $40 Million
Mar-5-2007
Prosper today announced that over the course of the last four months its membership and funded loans have doubled. As a result, Prosper's membership base now consists of more than 200,000 individuals with over $40 million in loans funded on the marketplace.
Prosper Marks One Year Anniversary With Over 175,000 Members and $36 Million in Loans
Feb-12-2007
Prosper today celebrated its one year anniversary with over 300 Prosper community members from across the country at its sold out Prosper Days conference in San Francisco. Since Prosper launched to the public one year ago today, its national membership base has grown to over 175,000 individuals and more than $36 million in loans have been funded in its marketplace.
Prosper Community to Gather in San Francisco for 1st Annual Prosper Days Conference
Jan-16-2007
Prosper today announced that registration is going strong for its first annual community conference, Prosper Days, which will take place in San Francisco at the Argent Hotel on February 12 and 13. The day-and-a-half event is expected to draw more than 200 Prosper lenders, group leaders, and borrowers from across the country.
Prosper Welcomes 100,000th Member to People-to-People Lending Marketplace
Oct-31-2006
Prosper today announced that its membership has topped the 100,000 mark. The company, which launched in February of 2006, has also generated more than $20 million in loans within that same time period.
Former Wells Fargo Chief Joins Prosper's Board of Directors
Jun-19-2006
Prosper today announced that Paul Hazen, former Chairman and Chief Executive Officer of Wells Fargo & Co., has joined the company's Board of Directors. After a 30-year career with Wells Fargo & Co., Paul Hazen retired in 2001 as the company's Chairman and Chief Executive Officer.
Introducing America's First People-to-People Lending Marketplace: Prosper
Feb-22-2006
"Prosper gives people the opportunity to take back the marketplace for consumer credit," said founder Chris Larsen. "By providing the platform and tools for an efficient marketplace created by and for people, Prosper aims to make consumer lending more financially and socially rewarding for everyone."
