Prosper states that its mission is to advance financial well-being. The company’s online lending platform connects people who want to borrow money with individuals and institutions that want to invest in consumer credit. Borrowers get access to fixed-rate, fixed-term personal loans. Investors have the opportunity to earn returns via a data-driven underwriting model. To date, over $13 billion in personal loans to over 800,000 people have been originated through the Prosper platform for debt consolidation and large purchases such as home improvement projects, medical expenses and special occasions.
Prosper Marketplace, Inc. was founded in 2006 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, member FDIC.
*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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