Earlier this week in anticipation of the Fed Rate hike, we discussed Prosper’s approach to portfolio pricing in a rising rate environment. Our goal with rate-setting is to deliver value for both sides of the Prosper platform by providing a fair price for borrowers and a reasonable return for investors.
Three years ago, we introduced the #MyProsperStory as a way to get to know our community, and better understand how Prosper can positively impact financial wellness. This year the response from the Prosper community was overwhelming!
Today Prosper announced a $50 million investment from an investment fund co-managed by FinEX Asia. The Series G investment, which brings Prosper’s total equity raised to $410 million to date, will be used to make strategic investments in the company’s platform and products. “This investment is a strong signal of confidence in our business fundamentals […]
Today Prosper 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 revenue 32% quarter-over-quarter and 84% year-over-year. “We are very pleased with our second quarter […]
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 […]
Marketplace platforms provide a platform through which creditworthy borrowers can obtain loans with competitive rates and investors can commit funds to those loans. Prosper pioneered the industry of peer-to-peer-lending over a decade ago and allows borrowers to access 3 to 5-year fixed term personal loans ranging from $2,000 to $40,000. In exchange for their investment, investors receive […]