Company Overview
Prosper is America's first peer-to-peer lending marketplace, with more than 1.6 million members and over $500,000,000 in funded loans.
Prosper allows people to invest in each other in a way that is financially and socially rewarding. On Prosper, borrowers list loan requests between $2,000 and $35,000 and individual lenders invest as little as $25 in each loan listing they select. In addition to credit scores, ratings, and histories, investors can consider borrowers’ personal loan descriptions, endorsements from friends, and community affiliations. Prosper handles the servicing of the loan on behalf of the matched borrowers and investors.
Prosper Funding LLC is a wholly-owned subsidiary of Prosper Marketplace, Inc.
Prosper Marketplace, Inc. is run by CEO Stephan Vermut, founder and former managing partner of Merlin Securities, a prime brokerage service based on cutting-edge technology. Prosper Marketplace, Inc.’s investors include Sequoia Capital, Accel Partners, and Benchmark Capital.
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