PROSPER – the loans marketplace

Personal Loans and Online Investing – Prosper connects people who want to invest money with people who want to borrow money

Prosper Loans Marketplace is America’s largest peer-to-peer lending marketplace. Connecting people to people eliminates the need for borrowers to go through a bank for a loan—and fewer middlemen means lenders who invest their money on Prosper also benefit. (How it Works).

Homepage; Sitemap;
Invest; Get a Loan; Institutionals; Trade; Connections; Management Team; Join; Jobs; Academics; Partners;
Address: Prosper Marketplace, Inc., 111 Sutter Street, 22nd Floor, San Francisco, CA 94104, USA;
Contact.

About /Company Overview: Headquartered on the top floor of the historic Hunter-Dulin building in San Francisco
Hunter-Dulin Building. 

At a Glance:

  • Launched 2006
  • America’s largest peer-to-peer lending marketplace
  • Over 1,000,000 members
  • Over $207,000,000 in loans funded on Prosper

Prosper is the world’s largest peer-to-peer lending marketplace with more than 1,000,000 members and over $207,000,000 in funded loans.

Prosper allows people to invest in each other in a way that is financially and socially rewarding. On Prosper, people list and bid on loans using an online auction platform. Borrowers list loan requests between $1,000 and $25,000 and set the maximum rate they are willing to pay. Individual and institutional investors bid in minimum increments of $25 on loan listings they select. In addition to credit scores, ratings and histories, investors can consider borrowers’ personal loan descriptions, endorsements from friends, and community affiliations. Once the auction ends, Prosper handles the funding and servicing of the loan on behalf of the matched borrowers and investors.

Prosper was co-founded by Chris Larsen, co-founder of E-LOAN. Prosper has raised $57.7 million in venture capital and is backed by financial and technology luminaries including, Jim Breyer of Accel Partners; CompuCredit; Omidyar Network; Capital One Co-founder Nigel Morris of QED Investors; TomorrowVentures, which is personally financed by Google CEO Eric Schmidt; and Larry Cheng of Volition Capital … (full text).

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