Marketplace Lending Association Launch
Today, I’m excited to share that Prosper Marketplace has partnered with Lending Club and Funding Circle to launch the Marketplace Lending Association (MLA), a U.S. non-profit membership organization created to promote responsible business practices and sound public policy to benefit borrowers and investors. Now is a critical time for online credit marketplaces. While marketplace lending […]
Crossing $5 Billion and Advancing Financial Well-Being
We’re excited to announce Prosper has surpassed $5 billion in loans originated through its platform since inception. This follows a record quarter with $1.070 billion in loans through the platform, as well as a record daily average. It was only a year ago we crossed the $2 billion mark, and I know I speak for […]
Prosper Hits $4B in Loans After Record Quarter
In early 2013, when my partners, Steve and Ron, and I joined Prosper Marketplace, this company and this industry were in a vastly different place. Prosper Marketplace had just closed out 2012 with $150 million in loans originated through the platform, 85 employees, and frankly, a future that was very much in question. At the […]
Prosper Platform Surpasses $3 Billion in Loans
Today we are very excited to announce Prosper Platform Surpasses $3 Billion in Loans issued since inception. In April 2014, we announced that we crossed the $1 billion mark. It took us eight years to reach that milestone and it was huge achievement for our company. Just six months later, in October 2014, we announced […]