Prosper Marketplace, a leading online marketplace for consumer credit, today announced more than $2 billion in personal loans have been originated through its platform, just six months after reaching the $1 billion milestone in April 2014.
Year to date, Prosper has originated more than $1.2 billion in loans through its platform.
"It took us eight years to reach the first billion in loans on our platform, and just six months to reach the second billion," said Aaron Vermut, CEO, Prosper Marketplace. "As Prosper continues on this path of rapid growth, we are focused on investing in our people, products, and in building out a world-class customer service team to ensure the best possible experience on our platform."
To celebrate its $2 billion milestone and show appreciation for its thriving community, Prosper Marketplace is kicking off two contests: the "$2 Billion Strong Video Contest" and the "$2 Billion Strong Photo Contest." Beginning October 27 through November 13, borrowers are invited to submit a video about their Prosper experience for a chance to win the grand prize – a loan payoff of one active loan balance up to $35,000. Beginning October 27 through November 13, borrowers are also invited to submit a photo about their Prosper experience for a chance to win first prize – a $5,000 credit to the winner's active loan balance. The Prosper team will choose five finalists for each Contest on November 16. The Prosper community will ultimately choose the winners for each Contest with voting open from November 16 – 24, and winners for each Contest will be announced in early December.
To support its growth, Prosper has recently added key members to its executive management team, including a new CFO, CMO and head of business development and HR. The team has grown to over 200 people, up from 83 a year ago. The company has also opened offices in Phoenix, Arizona and will move its San Francisco headquarters to larger office space south of Market to accommodate its expanding team. Prosper Marketplace was recently named #13 on the list of the 100 Fastest Growing Private Companies in the Bay Area by the San Francisco Business Times.