|
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.
|
|
|
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.
|
|
|
Apr-24-2008
Social lending website provides an alternative way to
fund eco-friendly home improvements
|
|
|
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.
|
|
|
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.
|
|
|
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.
|
|
|
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.
|
|
|
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.
|
|
|
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.
|
|
|
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.
|
|
|
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.
|
|
|
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.
|
|
|
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.
|
|
|
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.
|
|
|
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.
|
|
|
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.
|
|
|
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.
|
|
|
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.
|
|
|
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.
|
|
|
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.
|
|
|
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.
|
|
|
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.
|
|
|
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.
|
|
|
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."
|
|
