Prosper Appoints Claire Huang to Board of Directors

SAN FRANCISCO, CA – December 12, 2017 – Prosper, a leading peer-to-peer lending platform connecting borrowers and investors, today announced the appointment of Claire Huang to its board of directors, effective immediately.

During her 30-year career, Ms. Huang has held senior leadership positions at some of the world’s most recognized financial services companies, including Bank of America, Fidelity Investments and American Express. Most recently, she was the first ever Chief Marketing Officer at J.P. Morgan Chase where she was tasked with revitalizing the company’s brands to deliver on the firm’s growth strategy.  In her prior role, she served as the Head of Global Marketing, International Communications and Corporate Social Responsibility at Bank of America. Ms. Huang currently serves on several boards, including Mirador, an AI based small business lending platform and the Conquer Cancer Foundation.

“Claire is a highly regarded marketing executive with a track record of delivering strong results for major financial institutions and customer-focused brands,” said David Kimball, CEO, Prosper. “We’re thrilled to have her join our board, and look forward to leveraging her diverse perspective and expertise as we continue to enhance our customer experience and invest in our platform and products.”

“Prosper’s consumer lending platform offers incredible benefits to people looking to borrow money at competitive rates and investors who want access to the consumer lending asset class,” said Huang. “I think there is an exciting opportunity to build greater awareness of the company and its products, and I’m excited to work with David and the entire Prosper team to help drive the company’s growth.”

About Prosper Marketplace

Prosper’s mission is to advance financial well-being. The company’s online lending platform connects people who want to borrow money with individuals and institutions that want to invest in consumer credit. Borrowers get access to affordable fixed-rate, fixed-term personal loans. Investors have the opportunity to earn solid returns via a data-driven underwriting model. To date, over $10 billion in personal loans have been originated through the Prosper platform for debt consolidation and large purchases such as home improvement projects, medical expenses and special occasions.

Prosper Marketplace, Inc. was founded in 2005 and is headquartered in San Francisco. The lending platform is owned by Prosper Funding LLC, a subsidiary of Prosper Marketplace, Inc. Loans originated through the Prosper marketplace are made by WebBank, member FDIC. Visit www.prosper.com and follow @Prosperloans to learn more. Prosper notes are offered by Prospectus.