• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Prosper Blog

Personal Loans Home Equity Line of Credit (HELOC)
  • Blog Home
  • Financial Literacy
    • Credit Score Information
    • Establishing Credit
    • Financial Trends
    • Interest and APR Information
  • Credit Management
    • Budgeting
    • Debt Consolidation
    • Managing Debt
  • Financial Wellness
    • Best Practices
    • Financial Habits
    • Financial Lifestyle
    • Saving and Investments
  • Finance for Homeowners
    • Home Equity
  • Investor Center
    • Investor Updates
    • Performance Updates
    • Quarterly Investor Updates
    • Tax Guides
  • Prosper News
    • Company News
    • Press Releases
    • Product Announcements

Prosper Platform Surpasses $3 Billion in Loans, Closing Out Record First Quarter

March 31, 2015 by Aaron Vermut

Today we are very excited to announce we have officially surpassed $3 billion in personal loans issued through the Prosper platform 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 that we crossed $2 billion in loans. And now, just five months after that, we’ve surpassed $3 billion. In addition, we closed out a record first quarter with $595 million in loans through the platform in the first quarter of 2015. Since 2006 we have helped hundreds of thousands of people get one step closer to achieving their financial goals.

, Prosper Blog

We could not have achieved this success without the Prosper community. We’re grateful to borrowers, investors and partners that have worked with us over the years. At Prosper, our customers’ stories inspire us, and so this week, we want to highlight some of these great stories on our Facebook page and Twitter feed. Please visit us on social to read about how people have used a Prosper loan for everything from debt consolidation to paying for medical expenses to home improvement and special occasions. We also want to hear from you. We hope you’ll continue to share your stories through a tweet or comment on our Facebook page using the hashtag #HowIProsper.

As we build our business, we continue to look for new partnerships and opportunities to bring our product to more people. To this end, Prosper made two significant announcements so far in 2015:

  • In February Prosper Marketplace announced its first acquisition of American Healthcare Lending. The addition of what is now Prosper Healthcare Lending gives us the opportunity to bring a consumer-friendly option for financing elective medical procedures to an industry that has been characterized by high rates and a lack of options.
  • Prosper Marketplace also announced its first partnership with a consortium of community banks through Western Independent Bankers, giving more than 160 independent and community banks in 13 western states in the U.S. unprecedented access to affordable consumer loans through the Prosper platform.

We are also proud of the awards and recognition we have received this year. Prosper was recently named one ofForbes’ “Most Promising Companies in America” in 2015 and is part of the Always On 2015 OnFinance Top 100, an award recognizing the most promising private companies in business, personal finance and digital currencies. For the past three years Prosper has been recognized as one of the fastest growing private companies in the Bay Area by the San Francisco Business Times.

Thank you to all of our customers and partners for your continued support. Every day we are working hard to exceed your expectations of what a financial company can be.

 

Share this post:

Share on Facebook Share on Twitter Share on Reddit Share on LinkedIn Share on Email

Company News, Prosper Blog, Uncategorized

Primary Sidebar

Connect with us

Facebook Twitter LinkedIn

For press releases and media inquiries: Prosper in the News or [email protected]

Categories

  • Blog Home
  • Financial Literacy
    • Credit Score Information
    • Establishing Credit
    • Financial Trends
    • Interest and APR Information
  • Credit Management
    • Budgeting
    • Debt Consolidation
    • Managing Debt
  • Financial Wellness
    • Best Practices
    • Financial Habits
    • Financial Lifestyle
    • Saving and Investments
  • Finance for Homeowners
    • Home Equity
  • Investor Center
    • Investor Updates
    • Performance Updates
    • Quarterly Investor Updates
    • Tax Guides
  • Prosper News
    • Company News
    • Press Releases
    • Product Announcements

Recent Posts

  • Prosper Performance Update – March 2021
  • What the Extended Tax Deadline Means for You
  • Paying for Childcare and Receiving Childcare Assistance — What to Know
  • How to Apply for a HELOC Online, Plus 5 Benefits of an Online HELOC
  • Saving vs. Investing: What’s the Difference?

Prosper LoansFollow

Prosper Loans
ProsperLoansProsper Loans@ProsperLoans·
16 Apr

Just a couple more weeks until @LendIt #USA2021! Who's attending? 🙋🏽‍♀️🙋🏻🙋🏾‍♀️🙋🏼🙋🏻‍♀️🙋🏿

LendIt Fintech@LendIt

The USA 2021 agenda is now available✨

Head over to the link below to check it out https://www.lendit.com/usa/2021/agenda/

Reply on Twitter 1383175500940517377Retweet on Twitter 1383175500940517377Like on Twitter 13831755009405173771Twitter 1383175500940517377
Load More...
  • Finance for Homeowners, Home Equity, Prosper Blog
    Using a HELOC to Pay Off Your Mortgage

    Taking out a HELOC to pay off your mortgage is a common practice among many...

  • Best Practices, Financial Wellness, Prosper Blog
    Medical Bill Debt: What Happens If You Don’t Pay Medical Bills?

    Even before COVID, expensive healthcare costs had many Americans wondering...

  • Credit Management, Managing Debt, Prosper Blog
    Emergency Loans With No Job: Options for the Unemployed

    While the unemployment rate in June showed a decline to 11.1%, that ra...

  • Product Announcements
    Introducing the Prosper Invest Mobile App

    With the new Prosper Invest Mobile app, investors can adjust their investm...

  • Investor Center, Tax Guides
    2020 Tax Guide for Prosper Investors

    It’s tax season, and to help Prosper retail investors navigate the process...

Footer

  • Borrow
  • Invest
  • About Us
  • Press
  • Blog
  • Careers
  • Help Center
  • Contact Us
  • Legal
  • Prospectus
  • Financial Professionals
  • Developers

Prosper and WebBank take your privacy seriously. Please see Prosper's Privacy Policy and WebBank's Privacy Policy for more details. Prosper makes no representations as to the accuracy or completeness of any information provided on this Blog, which is intended for discussion purposes only. Opinions expressed in articles posted to this blog are the author’s own and may not reflect the opinions of Prosper. All personal loans made by WebBank, Member FDIC.

Prosper’s Notes are offered by Prospectus filed with the SEC. Notes are dependent for payment on unsecured loans made to individual borrowers. Notes are not guaranteed or FDIC insured, and investors may lose some or all of the principal invested. Prosper does not verify all information provided by borrowers in listings. Investors should review the Prospectus and carefully consider these and other risks and uncertainties before investing. None of the information provided on this Blog is intended to be investment advice.

Prosper Marketplace, Inc. NMLS#111473 (http://www.nmlsconsumeraccess.org)
All HELOCs are underwritten and issued by our banking partners. Refer to www.prosper.com/heloc for more information. Links to third party sites are provided for your convenience and do not constitute an endorsement.

Equal Housing Lender

© 2005-2021 Prosper Funding LLC. All rights reserved.

Copyright © 2021 · Genesis Sample on Genesis Framework · WordPress · Log in

Go to mobile version