Prosper

Founder / s: John Witchel, Chris Larsen
Key people: Ron Suber (President), Sachin Adarkar (General Counsel and Chief Compliance Officer), Usama Ashraf (Chief Financial Officer), Kunal Kaul (Executive Vice President Operations), David Kimball Executive Officer ) And Brad Pennington (Chief Risk Officer)
Number of employees: 501 – 1k

Since its launch in 2006 as the first marketplace lender in the US, Prosper Marketplace has evolved into a personal finance company that offer products and services beyond personal loans to help people get on top of their finances. Through Prosper’s flagship loan product, borrowers get low , The fixed-rate loan with no hidden fees or prepayment penalties and investors can earn great returns through the platform’s data-driven underwriting for personal loans. The Prosper Daily app helps people stay on top of their money, credit and identity. Prosper Marketplace is Headquartered In San Francisco with offices across the country and in Tel Aviv. The Prosper lending platform is owned by Prosper Funding LLC and the Prosper Daily app is owned by BillGuard, Inc., both of which are subsidiaries of Prosper Marketplace.

Financial history

Since its 2009 relaunch, Prosper received a Series D funding round of $ 14.7M in April 2010 with participation from all previous as quot; new quotes CompuCredit and TomorrowVentures. TomorrowVentures is an investment fire contribution by Google Executive Chairman Eric Schmidt.

Bloomberg BusinessWeek reported on November 11, 2010 that Prosper was seeking a funding And Prosper received an additional funding infusion in a Series E round on June 3, 2011. According to Prosper’s SEC filing, the company raised $ 17.15 million by selling individual shares at an average of approximately $ 0.738 / share. Series E Shares includ ed Draper Fisher Jurvetson , Crosslink Capital, Accel Partners, Agilus Ventures and TomorrowVentures.

In January 2013, Prosper received $ 20 million in funding led by Sequoia Capital, Followed by $ 25 million in September 2013 led by Sequoia Capital and BlackRock. In May 2014, Prosper announced a $ 70 million funding round led by Francisco Partners. Credit Suisse’s NEXT fund led an investment of $ 165 million in Prosper in April 2015.

Better Business Bureau rating

As of March 2017, the Better Business Bureau rates Prosper as an A +.