#MyProsperStory Spotlight: Tina O.
“This is us LITERALLY on top of our finances (roof deck included!). With our loan through Prosper we funded our dream to design, engineer, and build our own off-grid tiny home in the mountains. What we didn’t expect was that our loan through Prosper, and our tiny home, would lead us to start our own […]
#MyProsperStory Spotlight: Linda M.
I’m 63 years old and have been struggling with debt for a very, very long time. It got to the point where I was desperate – I had so many credit cards and was robbing Peter to pay Paul. There are times in your life when you need to put pride aside and ask for […]
Prosper Closes $500M Securitization, Reports Strong Q2 Growth
SAN FRANCISCO, August 14, 2017 – Prosper, a leading marketplace lending platform for consumer loans, today reported significant growth during the second quarter of 2017. Driven by strong demand for its personal loan product, Prosper facilitated $775 million in loan originations through its platform, up 32% quarter-over-quarter and 74% year-over-year. The company also grew transaction fee […]
Important News About Prosper Daily
Today we are announcing that we’ll be discontinuing the Prosper Daily app as of August 31st. To help our users through this transition, we’ve teamed up with Clarity Money, a personal finance app that offers many of the same features as Prosper Daily. Since its launch in 2016, Prosper Daily has helped people track their […]
#MyProsperStory Spotlight: Sherry B.
“#MyProsperStory is that I had a major surgery, meaning I could not work for a number of weeks. The hospital accounts department, as well as the doctor, required me to pay a significant amount of money before the date of the surgery even though I had health insurance. Prosper helped me by processing the loan […]
#MyProsperStory Spotlight: Walter M.
“Being a father and husband is an amazing gift; in addition to being an educator, full time doctoral student, inspired motivational speaker and mentor. Wearing all these hats can be challenging at times. These roles were even more difficult to fulfill when my finances were in disarray. While I was in financial distress my academic performance diminished, my […]
#MyProsperStory Spotlight: Dani. V
“I was a single mother fighting a serious auto immunity disease and the doctor bills kept piling up. Money was already tight and when I wasn’t working as much, I didn’t know what to do. I had to find a solution and fast. I had heard of Prosper from a friend of mine, and they […]
Prosper Closes $495 Million Securitization Transaction
SAN FRANCISCO, May 25, 2017 – Prosper, a leading marketplace lending platform for consumer loans, today announced the closing of the first securitization from the Prosper Marketplace Issuance Trust, Series 2017-1, “PMIT 2017-1.” Approximately $495 million of notes were issued, increasing from an initial $450 million. Credit Suisse Securities (USA) LLC and Jefferies LLC served […]
Prosper Announces Pricing Changes – 03/01/2017
Pricing Changes – 03/01/2017 – Prosper will be updating rates offered to people who borrow through the Prosper platform as of March 2nd. This update will impact AA, A and B rated loans, with an increase in pricing of approximately 60bps, 50bps, and 20bps, respectively. Additionally, HR rated loan rates will decrease by 10bps, which is […]