Prosper Introduces Loans Up To $40,000 For Borrowers
Today we’re pleased to announce that Prosper now offers qualified borrowers access to loans up to $40,000. At Prosper, our mission is to help people advance their financial wellbeing. Personal loans offer people a smart alternative to high-rate credit cards for things like debt consolidation and costly home improvement projects. Now, with this new higher loan amount, we are excited to give people even more purchasing power with Prosper’s fixed-rate, fixed term loan product.
Prosper Reports Strong First Quarter Growth with Loan Originations up 27%
SAN FRANCISCO, May 14, 2018 – Prosper, a leading peer-to-peer lending platform connecting borrowers and investors, today reported financial results for the first quarter of 2018. Loan originations increased 27% year-over-year to $744 million, driven by strong demand for the company’s personal loan product and stable funding. Financial highlights include: During the quarter, Prosper continued to […]
Prosper Reports 31% Increase in Loan Originations
SAN FRANCISCO, March 26, 2018 –Prosper, a leading peer-to-peer lending platform connecting borrowers and investors, today reported full year results for 2017. Loan originations and transaction fee revenue were up 31% and 37% year-over-year to $2.9 billion and $130 million, respectively. Prosper also generated cash from operations for three consecutive quarters, starting in Q2 2017. […]
Prosper Announces New Head of Marketing
SAN FRANCISCO, January 3, 2018 – Prosper Marketplace, a leading peer-to-peer lending platform connecting borrowers and investors, today announced it has appointed Justine Metz as Executive Vice President of Marketing. Metz brings more than 25 years of marketing experience and joins Prosper from SRS Acquiom, a financial firm that specializes with M&A transactions. Prior to […]
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 […]
Prosper Reports Q3 Growth: Closes $1.5B Securitizations in 2017
SAN FRANCISCO, November 9, 2017 – Prosper, a leading peer-to-peer lending platform for consumer loans, today reported growth in both transaction revenue and loan originations for the third quarter of 2017. Continued demand for Prosper’s personal loan product resulted in $822 million in loan originations through its platform, up 6% quarter-over-quarter and 164% year-over-year. The company […]
#MyProsperStory 2017 Photo Contest – Official Rules
NO PURCHASE NECESSARY TO ENTER OR WIN. A PURCHASE WILL NOT IMPROVE YOUR CHANCES OF WINNING. TIMING: The #MyProsperStory Photo Contest (the “Contest”) is presented by Prosper Marketplace, Inc. (the “Sponsor” or “Prosper”) and administered by US Sweepstakes & Fulfillment Co. (the “Contest Administrator”). The Contest begins at 12:00:01 AM Pacific Time (“PT”) on Thursday, […]
#MyProsperStory Spotlight: Joshua Y.
#MyProsperStory started with an idea: a three-week road trip through Western Europe – just me, my wife, and my camera. We plotted our journey, set our budget, and packed our bags. My loan through Prosper made it easy to plan our dream vacation. We enjoyed fish and chips in London, winding mountain passes in Switzerland, […]
#MyProsperStory Spotlight: Pandora L.
My story is one of focus and discipline. I was focused on getting on top of our finances so that I could get in good health, pay my doctor bills, payoff credit cards, raise my credit score, and find a new house. During this time, I received an offer to apply for a loan through Prosper – thankfully! I decided to apply for a loan to consolidate my debt was approved.