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Prosper Marketplace Stock (PRMA)
Peer-to-Peer Lending Marketplace
Prosper is an online marketplace lending that connects borrowers and investors. The company aims to enable borrowers to access credit at affordable rates and provide investors with attractive risk-adjusted rates of return. Prosper claims to have facilitated $2.7 billion in Borrower Loan originations during 2019 and $16.7 billion in Borrower Loan originations since it first launched in 2005.
About Prosper Marketplace Stock
Founded
2005
Headquarters
San Francisco, CA, US
Total Funding
325M
Industries
Software, Artificial Intelligence, Data and Analytics
Prosper is an online marketplace lending that connects borrowers and investors. The company aims to enable borrowers to access credit at affordable rates and provide investors with attractive risk-adjusted rates of return. Prosper claims to have facilitated $1.5 billion in Borrower Loan originations during 2020 and $21 billion in Borrower Loan originations to more than 1,270,000 people since it first launched.
Prosper Marketplace, Inc. was founded in 2005 and is headquartered in San Francisco. The lending platform is owned by Prosper Funding LLC, a subsidiary of Prosper Marketplace, Inc. Loans originated through the Prosper marketplace are made by WebBank, an FDIC-secured institution. Notable investors include Accel Partners, Sequoia Capital, BlackRock, and Credit Suisse.
Prosper Marketplace Press Mentions
Stay in the know about the latest news on Prosper Marketplace
Prosper Wins 2024 Tearsheet Award for 'Best Consumer Lending Program'
prnewswire • Nov 20, 2024
Prosper Marketplace Wins 2024 CSO Award
prnewswire • Jul 23, 2024
Prosper Marketplace closes USD 75 mln financing round
thepaypers • Nov 26, 2022
Prosper Marketplace Secures $75M in Growth Capital
crowdfundinsider • Nov 19, 2022
Prosper Marketplace Provides Access to Fixed-Rate Home Equity Loan Product
dlvr • Oct 31, 2022
Investors in Prosper Marketplace
Discover investors in Prosper Marketplace stock and explore their portfolio companies
Prosper Marketplace Management
Leadership team at Prosper Marketplace
Chief Executive Officer
David Kimball
Chief Financial Officer
Lucile Harris
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Prosper Marketplace Key Facts
• Prosper offers a variety of loan products tailored to different borrower profiles, including personal loans, debt consolidation loans, and home improvement loans. Its proprietary credit scoring models and risk assessment tools enable Prosper to effectively evaluate borrower creditworthiness and manage loan defaults.
• Expansion of Prosper's borrower base across diverse demographic segments, including prime and near-prime borrowers underserved by traditional financial institutions.
• Prosper has facilitated over $27 billion in loans since its inception, demonstrating robust demand for its lending platform and the trust it has garnered among users.
• Higher than anticipated default rates among borrowers in certain loan categories, such as unsecured personal loans, could result in lower overall investor returns and increased charge-offs.
• Elevated customer acquisition costs as Prosper competes for prime and near-prime borrowers with attractive loan terms and competitive interest rates, squeezing profitability in a price-sensitive market.
• Prosper relies on investor funding to originate loans through its platform, including retail investors, institutional investors, and asset-backed securities (ABS). Changes in investor sentiment, liquidity constraints, or disruptions in capital markets could impact Prosper's ability to fund loan originations and maintain loan volume.
Trading Prosper Marketplace Stock
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