SharesPost
IndustryFinance/Payments
Founded2007
Total Funding$355M
CONTACT SHARESPOST ABOUT THIS COMPANY
Latest Funding Round InvestorsCredit Suisse, JP Morgan, SunTrust Banks, BBVA Ventures, Neuberger Berman, Passport Capital, Breyer Capital

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
  • Ron Suber, President
  • Macy Lerer, CFO
  • Sachin Adarkar, GC & CCO
  • Manicka Babu, CTO
Investors
  • Credit Suisse
  • JP Morgan
  • SunTrust Banks
  • BBVA Ventures
  • Neuberger Berman
  • Passport Capital
  • Breyer Capital
  • Sequoia Capital
  • Institutional Venture Partners
Last Updated: 3 days 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 - a 350% increase from 2013 - and it expects to more than double that in 2015. Prosper Marketplace was recently added to Inc. Magazine’s 2015 Inc. 5000, a list of the fastest growing private companies in America. 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