SharesPost
IndustryFinance/Payments
Founded2007
Total Funding$355M
CONTACT SHARESPOST ABOUT THIS COMPANY
Latest Funding Round InvestorsBBVA Ventures, Breyer Capital, Neuberger Berman Group, Passport Capoital, SunTrust Bank, USAA.

Prosper operates a leading online marketplace for consumer credit. The Prosper platform connects borrowers with lenders. With a commitment to providing superior customer service, the convenience of applying online, and an efficient application process, the Prosper platform offers people a way to easily borrow money at fair rates.

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People
  • Aaron Vermut, CEO
  • Stephan Vermut, Executive Chairman
  • Ron Suber, President
  • Josh Tonderys, COO & CRO
  • Sachin Adarkar, GC & CCO
  • Cheryl Law, CMO
Investors
  • Accel Partners
  • Benchmark 
  • Blackrock
  • Breyer Capital
  • CompuCredit
  • Dag Ventures
  • Sequoia Capital 
  • TomorrowVentures
  • Target Global
  • SunTrust Bank
  • Credit Suisse
  • Fidelity Ventures
  • Institutional Venture Partners 
  • Meritech Capital Partners
  • Neuberger Berman Group

Followed VC Firm

Last Updated: 4 months ago

Thesis

Prosper is America’s first peer-to-peer lending marketplace, with more than 2 million members and over $5 billion in funded loans. As one of the industry’s largest marketplace lending companies, Prosper Marketplace has connected hundreds of thousands of qualified borrowers with loans for everything from medical procedures like fertility treatment to home improvements and debt consolidation. The company has experienced extraordinary growth over the past three years, originating $1.6 billion in loans through the Prosper platform in 2014 and $81M in revenue – a 350% increase from 2013 both in issued loans and revenue. The company had a record breaking 4th quarter in 2015, with $1.15B in loans originated closing out 2015 grand total to $3.7B in loans. Prosper’s revenue grew from $81M in 2014 to in excess of $200M in 2015. Prosper Marketplace was recently added to Inc. Magazine’s 2015 Inc. 5000, a list of the fastest growing private companies in America and was named an 2015 AlwaysOn Global 250 Top Private Companies winner. The company was also named one of America’s “Most Promising Companies of 2015” by Forbes Magazine and is on Finovate’s Fintech Unicorn List.

Prosper is a current holding of the SharesPost 100 FundFund PerformanceComplete Fund Holdings