Prosper lending network reports rapid uptake

Source: Prosper

Prosper, America's first people-to-people lending marketplace, today announced that over the course of the last four months its membership and funded loans have doubled.

As a result, Prosper's membership base now consists of more than 200,000 individuals with over $40 million in loans funded on the marketplace.

"The tremendous growth we've experienced is a promising indicator of America's desire to participate in person-to-person lending and a market that has traditionally been walled off to individuals," said Chris Larsen, Chief Executive Officer and Co-Founder of Prosper. "We're also inspired by the high-level of engagement among Prosper community members. Nearly a quarter-million posts have been made on Prosper's discussion forum, and the number of popular third-party applications, websites and forums dedicated to Prosper continues to grow at a rapid pace."

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