SAN FRANCISCO – January 20, 2015- Prosper Marketplace, a leading online marketplace for consumer credit, today announced it has named Josh Tonderys Chief Operating Officer. Josh has served as Prosper Marketplace’s Chief Risk Officer since October of 2012, a role that he will continue to hold in addition to his expanded role. As COO, Josh will also oversee Prosper Marketplace’s Corporate Development team, as well as borrower Customer Experience and Investor Services.
“Josh has been instrumental to the success of Prosper over the past two years, building the well-calibrated credit, risk and pricing models that have allowed us to grow loans on the Prosper platform by over 350% this year,” said Aaron Vermut, CEO, Prosper Marketplace. “As COO, Josh will continue to oversee this critical function for Prosper Marketplace, as well as play a significant role in helping us grow and build our business in 2015.”
Prior to Prosper Marketplace, Josh worked at Barclaycard US where he oversaw strategy, analytics, and growth initiatives for the Barclaycard branded credit card portfolio. While at Barclaycard, Josh was also the Head of Acquisitions and Portfolio Risk, where he was responsible for setting analytical credit risk strategies for Acquisitions and Portfolio Risk Management, as well as Head of Collections Strategy. Prior to Barclaycard, Josh held various credit risk roles at BankOne, now Chase Card Services.
Prosper Funding LLC (“Prosper”), headquartered in San Francisco, is a leading online marketplace for consumer credit. Prosper connects people who want to borrow money with people who want to invest money. With a commitment to providing world-class customer service, the convenience of applying online day or night, and none of the lengthy applications or wait times associated with traditional avenues, Prosper offers people a superior way to borrow money at fair rates. Over the past six years, nearly $2.5 billion in personal loans has originated through the Prosper platform, helping people around the U.S. consolidate credit card debt and finance major purchases. Learn more about borrowing and investing through Prosper at www.prosper.com. Prosper Marketplace, Inc., founded in 2005, is the parent company of Prosper Funding LLC.