Prosper has recently made the following updates to its API and data files:
- As of January 25th, historical data for each calendar quarter will now be made available 45 days after the close of the quarter.
- Investors on the Prosper platform will still have access to the same data for new listings as they are deciding whether or not to bid on loans.
- Additionally, investors will still have access to the same performance data for the notes and loans they own.
We are making these changes in order to protect our intellectual property and proprietary data, not to inhibit our clients who are using the data for their credit models and to make investment decisions. We understand that our investors need our data to analyze investment performance, but we also need to ensure that people can’t reverse engineer our underwriting model. One of Prosper’s main competitive advantages is our data asset, and we have spent a considerable amount of time and effort building it. These changes strike a balance between maintaining appropriate levels of transparency and protecting our intellectual property.
We remain committed to providing a true marketplace connecting borrowers and investors. We will continue to be a collaborative player and support our clients, partners, and the industry ecosystem, and we have plans this year to invest in building the retail channel. We look forward to working with all our investors and are committed to answering any additional questions about these changes.
Investors can contact us at [email protected] or by phone at 877-611-8797.