Prosper launched in 2006 as the first peer-to-peer lending platform in the U.S. and since then we have gone through many changes. But, more than 15 years after we were founded, one thing stays the same – our commitment to our borrowers and investors.
Prosper Investor Updates
Over the past several months, as Americans across the country stayed home to help slow the spread of COVID-19, unemployment numbers have skyrocketed. Many people have been laid off or furloughed, making it difficult and stressful to stay on top of their finances. In response to the pandemic, Prosper has been actively working with its […]
The last several weeks have been unprecedented for our country and the world. At Prosper, we have been closely monitoring the rapidly changing environment and the impact that COVID-19 will have on overall unsecured credit performance.
As one of the largest online marketplaces for consumer credit, Prosper regularly calibrates its credit and pricing models in order to maintain a balanced and sustainable marketplace that is equally appealing to both borrowers and investors. Today, we are providing an update on the credit and pricing changes on Prosper’s platform in 2018. These changes are […]
Prosper will be changing the way we present the return information on our website and will begin providing historical return data for each Prosper rating. This move from expected returns to historical data is intended to give our investors even greater insight into the Prosper platform’s performance as they make their investment decisions.
In March, we discussed Prosper’s approach to portfolio pricing in a rising interest rate environment. Prosper is committed to delivering value for both sides of the platform by providing a fair price for borrowers and a reasonable return for investors. With this objective in mind, we have been increasing the borrower rates on our platform since March to stay in-line with changes in the interest rate environment (Exhibit A).