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Prosper

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Prosper is a people-to-people lending marketplace that attempts to make consumer lending more financially and socially rewarding.

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 $25,000 and individual lenders invest as little as $25 in each loan listing they select.

In addition to criteria commonly used by institutional lenders, such as credit scores, people who lend can consider borrowers’ group affiliations. Groups functionality brings people together for the common goal of borrowing at better rates. Groups earn reputations according to their members’ repayment records. Groups with successful repayment histories should attract more lenders offering lower rates.

Prosper generates revenue by collecting a one-time fee of 0.5% to 4.5% on funded loans from borrowers, and assesses a 1.0% annual loan servicing fee to lenders.

Recent Milestones

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• 
  Prosper received $20M in Private Equity funding. (1/22/13)
  Posted 1/22/13 at 6:36pm via techcrunch.com
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  Prosper — Prosper.com Returns to Growth, 125% Increase in Loans Between September '10 and March '11 (4/19/12)
  Posted 4/19/11 at 3:34pm via p2plendingnews.com
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  Prosper received $17.2M in Series E funding. (6/7/11)
  Posted 6/7/11 at 5:17am via p2plendingnews.com
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  Prosper — Prosper Member Base Tops One Million (10/4/10)
  Posted 10/4/10 at 9:38pm via freshnews.com
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  Prosper received $14.7M in Series D funding. (4/16/10)
  Posted 4/16/10 at 9:30pm via americanbankingnews.com
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  Prosper received $2M in Venture Round funding. (2/3/10)
  Posted 7/22/10 at 3:04am via americanbankingnews.com
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  Prosper received $1M in Venture Round funding. (11/1/09)
  Posted 11/10/09 at 6:44pm via techcrunch.com
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  Prosper received $20M in Series C funding. (6/1/07)
  Posted 6/20/07 at 9:16pm
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  Prosper received $12.5M in Series B funding. (2/1/06)
  Posted 6/20/07 at 10:09pm
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  Prosper received $7.5M in Series A funding. (4/1/05)
  Posted 6/20/07 at 10:08pm
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  Prosper added Kirk Inglis as COO.
  Posted 6/20/07 at 9:12pm
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  Prosper added John Witchel as CTO and Co-Founder .
  Posted 6/20/07 at 9:12pm
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  Prosper added Chris Denend as Vice President of Engineering.
  Posted 6/20/07 at 9:13pm
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  Prosper added Ed Giedgowd as Chief Compliance Officer and General Counsel .
  Posted 6/20/07 at 9:13pm
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  Prosper added Thomas Pigoski as Chief Security Officer.
  Posted 6/20/07 at 9:13pm
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  Prosper added Catherine Muriel as Chief Marketing Officer.
  Posted 2/14/08 at 3:53pm

Videos

Screenshots

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Above: Prosper Screenshot -- #1
Uploaded: 7/18/10

Products

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Prosper

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Website	prosper.com
Launch Date	February 13, 2006
Tags	peer-to-peer-lending, loans, lending

Above: Prosper Screenshot -- #1
Uploaded: 2/5/08

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Sources

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4. Old Line Banker Puts $1 Million Into P2P Lender Prosper (techcrunch.com) [edit]
5. Prosper Marketplace Announces $2 Million in Bridge Financing as Bankruptcy Fears Loom (americanbankingnews.com) [edit]
6. Prosper.com Finalizes $14.7 Million Series D Funding Round (americanbankingnews.com) [edit]
7. P2P Lending News (p2plendingnews.com) [edit]
8. Peer-To-Peer Lending Marketplace Prosper Raises $20M From Sequoia, Eric Schmidt And Others; Brings On New CEO (techcrunch.com) [edit]
Prosper Member Base Tops One Million (freshnews.com) [edit]
P2P Lending News (p2plendingnews.com) [edit]