Prosper is a peer-to-peer lending marketplace, with $5bn 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 Marketplace, Inc. is run by CEO, Aaron Vermut, President, Ron Suber and Executive Chairman Steve Vermut. Steve and Aaron Vermut are the founders and former managing partners of Merlin Securities, a prime brokerage service based on cutting-edge technology. Prosper Marketplace, Inc.’s investors include Sequoia Capital, BlackRock, Institutional Venture Partners, Francisco Partners, Credit Suisse NEXT Fund, and others.
*Based on Preferred Stock Price, Prosper does not have a stock symbol since it is currently private and is yet to have an IPO.
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