Press Releases

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

RaiseCapital.com and Prosper.com Team Up to Provide Credit Crunch Relief
October-19-2009

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."