Prosper Crosses $100 Million Threshold - Freakonomics Author to Keynote Prosper Days

San Francisco – November 27, 2007 – Prosper (www.prosper.com), America's largest people-to-people lending marketplace, today announced that over $100 million in loans have funded in the Prosper marketplace. Prosper also announced that Stephen Dubner, author of Freakonomics, will keynote at its second annual Prosper Days community conference to be held in San Francisco on February 25th and 26th, 2008.

"This milestone is a tribute to the Prosper community and a validation of the people-to-people lending movement they have pioneered," said Chris Larsen, Chief Executive Officer and co-founder of Prosper. "We're looking forward to celebrating the community's achievements and our second anniversary at Prosper Days 2008."

To find out more about Prosper Days or to register to attend, visit www.prosperdays.com. Prosper Days is free of charge to bloggers and members of the press.

About Prosper

Prosper (www.prosper.com), America's largest people-to-people lending marketplace, was created to make consumer lending more financially and socially rewarding for everyone. Prosper's membership consists of over 480,000 people from across the country. Since launching in February 2006, over $100 million in loans have been funded in the marketplace.

The way Prosper works is intuitive to people who have used eBay. Instead of listing and bidding on items, people list and bid on loans using Prosper's online auction platform. People who want to borrow on Prosper create loan listings for up to $25,000 and set the maximum rate they are willing to pay a lender. People who register as Prosper lenders set the minimum interest rate they are willing to earn and bid in increments of $50 to $25,000 on loan listings they select. In addition to criteria commonly used by institutional lenders, such as credit scores and histories, Prosper lenders can consider borrowers' personal stories, endorsements from friends, and group affiliations. Once the auction ends, Prosper takes the bids with the lowest rates and combines them into one simple loan to the borrower. Prosper handles all on-going loan administration tasks including loan repayment and collections on behalf of the matched borrowers and lenders.

Prosper was co-founded by Chris Larsen, co-founder of E-LOAN, and John Witchel, technology entrepreneur. Backed by Accel Partners, Benchmark Capital, DAG Ventures, Fidelity Ventures, Meritech Capital, and Omidyar Network, Prosper has raised approximately $40 million. Prosper's marketplace platform is patent pending.