Prosper - Announcements, Interviews & News Stories

Larsen steps down from CEO role at P2P lender Prosper

Prosper.com, a peer-to-peer lending marketplace for personal loans and investments, announced today that its rapid growth has continued through early 2012 and concurrently, the company has made several leadership changes and additions to better serve the quickly expanding P2P lending market.

19 March 2012

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Small business loans feed Prosper growth

Prosper.com, the world's largest peer-to-peer lending marketplace with over one million members and $233 million loans funded, today released its monthly loan Market Survey report for April 2011. Prosper continues to post strong growth, reporting a compound monthly growth rate of more than 14.5 percent over the last eight months.

31 May 2011

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Prosper unveils one-year and five-year P2P loans

Prosper.com, the world's largest peer-to-peer lending marketplace with over one million members and $206 million in funded loans, today announced it has expanded its product offering to include 1-year and 5-year term loans. Prosper's product offering of one, three and five year loan terms is now the broadest available in the industry. Prosper also released peer-to-peer lending market survey statistics for September 2010.

20 October 2010

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Prosper member base tops one million

Prosper.com, the world's largest peer-to-peer lending marketplace with over $205 million in loans, today announced that it has surpassed the one million member milestone.

05 October 2010

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Prosper loan loss rate drops by 65%

Prosper.com, the world's largest peer-to-peer lending marketplace with approximately 35,000 loans totaling $205 million, today released a peer-to-peer lending risk management analysis report, which includes a detailed comparison of pre-quiet period ("Prosper 1.0") and post-quiet period ("Prosper 2.0") loan loss rates. The company also released peer-to-peer lending market survey statistics for August 2010.

21 September 2010

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Prosper raises $14.7 million funding

Prosper.com, the world's largest peer-to-peer lending marketplace with nearly one million members and over 32,000 funded loans totaling over $194 million, today announced that it has raised $14.7 million in a Series D round from new investors TomorrowVentures, LLC and CompuCredit Holdings Corporation and all of Prosper's existing investors: Accel Partners, Benchmark Capital, DAG Ventures, Meritech Capital Partners, Omidyar Network, QED Investors, and Volition Capital (formerly Fidelity Ventures). Including this latest round of financing, Prosper has raised a total of $57.7 million to date.

16 April 2010

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Prosper appoints risk and analytics chief

Prosper.com, the world's largest peer-to-peer lending marketplace according to Deutsche Bank Research, today announced former Capital One Executive Jim Catlin has been appointed Executive Vice President of Risk and Analytics. Jim Catlin brings Prosper over 16 years of experience in the consumer financial services industry, with a proven track record in credit risk management and overall line of business leadership.

12 January 2010

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Prosper hails P2P loan reform

Prosper.com , the world's largest peer-to-peer lending marketplace, applauded today's passage of the historic Wall Street Reform and Consumer Protection Act of 2009 (H.B. 4173). In addition to providing critically needed financial regulatory reforms and consumer and investor protections, H.B. 4173 provides for regulatory oversight of the peer-to-peer lending industry by the Consumer Financial Protection Agency (CFPA), thereby providing a holistic regulator ideally suited to protect both lenders and borrowers.

14 December 2009

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Prosper claims spike in borrowers seeking to pay off credit cards

Prosper.com, the world's largest peer-to-peer lending (P2P lending) marketplace based on an independent report from Deutsche Bank, today released November 2009 performance data.

09 December 2009

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Credit scores climbing on Prosper as borrowers seek alternative financing

Prosper.com, America's largest peer-to-peer lending marketplace with over $180 million in loans originated, today released p2p lending statistics for September 2009. Prosper also announced that the average credit score for funded borrowers on Prosper was 714 in September, and that the average credit score of borrowers requesting personal loans jumped to 700, up from 620 last year.

08 October 2009

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Prosper passes $100m loan milestone

Prosper, America's largest people-to-people lending marketplace, today announced that over $100 million in loans have funded in the Prosper marketplace.

28 November 2007

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Prosper forms JV with SBI for Japan launch

Prosper, America's first people-to-people lending marketplace, and SBI Holdings, a holding company for SBI Group, the financial innovation leader of Japan, today announced an agreement to form a joint venture to facilitate the launch of Prosper in Japan and explore other Asian markets.

07 August 2007

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