October 4, 2010

Prosper Achieves 1,000,000 Peer-to-Peer Lending Members Milestone

By Prosper

A great big thank you to all the Prosper users who have helped create a new, transparent, pro-consumer category of consumer lending!

Prosper CEO and co-founder, Chris Larsen, sums up the achievement in today’s news release.

“It’s pretty incredible that one million people – a population greater than our headquarter City of San Francisco – have engaged with Prosper. In 2006, when we first introduced peer-to-peer lending in the U.S., the concept was completely foreign to most Americans. Some had been exposed to the idea of microfinance in developing countries, but the notion of an Amazon or eBay for money was entirely brand new. Today, peer-to-peer lending has grown into more than an ‘alternative way to get a loan’ or an ‘alternative investment class.’ Peer-to-peer lending represents the future of consumer lending; and the tipping point into the mainstream is within reach.”