What is Prosper's business focus and history?
Prosper is a private financial technology company based in San Francisco, California, founded in 2005. It operates as a peer-to-peer lending platform connecting borrowers and investors for personal loans. Prosper has facilitated over $23 billion in personal loans since its inception. The company has 439 employees and offers services directly to consumers.
Prosper Corporate Details & Core Services
Prosper is a San Francisco-based financial technology company that operates one of the first peer-to-peer lending platforms in the United States, connecting borrowers and investors for personal loans.
Prosper Contact Information & Official Links
| Website | https://www.prosper.com |
| Social | |
| Email id | support@prosper.com |
| Phone number | 866-615-6319 |
| Head office address | San Francisco, California, United States |
| Tags | peer-to-peer lending personal loans financial technology |
What are Prosper's Key Business Metrics & Stats?
| No of employees | 439 |
| Founded year | 2005 |
| Type | private |
| SAICS CODE | 6141 |
| NAICS Code | 522291 |
| Industry | Financial Services |
| Location | San Francisco, California, United States |
| Other website | myprospercash.com, savewithprosper.com, myprosperoffer.com, prosperpreferred.com, myprosperlowrate.com, prosperpreapproved.com, billguard.com |
| Pricing Strategy | Personal loans: Fixed rates from 6.99% APR, ProsperĀ® Card: No security deposit required, Investing: No fees for investors |
How much funding has Prosper raised to date?
| Name | Description |
|---|---|
| Funding Amount | USD 75 |
| Stage | Growth Capital |
| Latest Valuation | 1.8 Billion (USD) |
| Lead Investor | Neuberger Berman |
| Investors | Neuberger Berman |
What are Prosper's Core Products?
| Name | Description |
|---|---|
| Personal Loans | Fixed-rate personal loans ranging from $2,000 to $50,000, with next-day funding and no prepayment penalties. |
| ProsperĀ® Card | An unsecured credit card offering credit limits up to $3,000, designed to help users build their credit without requiring a security deposit. |
| Home Equity Loans | Fixed-rate home equity loans up to $249,000, allowing homeowners to leverage their home equity for various financial needs. |
| Investing & IRAs | Opportunities for investors to diversify their portfolios by investing in personal loans, with an average historical return of 5.3%. |
What are the latest developments at Prosper?
| Date | Type | Description |
|---|---|---|
| 09, 2025 | Data Breach | Prosper experienced a significant data breach affecting approximately 17.6 million users, exposing sensitive personal information. |
| 04, 2025 | Partnership | Prosper announced a $500 million forward flow agreement with Fortress Investment Group and Edge Focus to expand its personal loan marketplace. |
| 04, 2025 | Anniversary | Prosper celebrated its 20th anniversary, highlighting its growth and commitment to financial well-being. |
| 07, 2025 | Brand Refresh | Prosper unveiled a brand refresh to position itself for scalable growth and continued evolution. |
| 08, 2025 | Contest | Prosper announced winners of the 'How I Prosper' contest, awarding $20,000 in prizes to customers sharing their financial success stories. |
What industry awards and recognitions has Prosper received?
| Date | Type | Description |
|---|---|---|
| 10, 2024 | Finovate Award | Prosper was named 'Best Consumer Lending Solution' by Finovate Awards. |
| 03, 2024 | Fintech Breakthrough Award | Prosper received the 'Best Peer-to-Peer Lending Platform' award from Fintech Breakthrough Awards. |
| 07, 2024 | CSO Award | Prosper was honored with the CSO Award for excellence in security and risk management. |
| 11, 2024 | Tearsheet Award | Prosper won the Tearsheet Award for 'Best Consumer Lending Program'. |
Prosper VS LendingClub VS SoFi VS Avant VS Upstart VS Peerform : 2026 Comparison
| Feature | Prosper | LendingClub | SoFi | Avant | Upstart | Peerform |
|---|---|---|---|---|---|---|
| Core Strengths | Personal Loans, ProsperĀ® Card, Home Equity Loans, Investing & IRAs | Personal Loans, Auto Refinancing, High-Yield Savings Account, Rewards Checking Account, Certificates of Deposit (CDs), Small Business Loans, Patient and Education Financing | Student Loan Refinancing, Private Student Loans, Personal Loans, Home Loans, Investing, Credit Cards, Banking, Crypto, Insurance, Financial Insights, Small Business Financing, SoFi Plus | Avant Credit Card, Avant Personal Loans | Personal Loans, Car Loan Refinance, Home Equity Line of Credit (HELOC), Short-Term Relief Loans | Personal Loans, Investment Opportunities |
| Founded Year | 2005 | 2006 | 2011 | 2012 | 2012 | 2010 |
| Stock Name/Ticker | LC (NYSE) | SOFI (Nasdaq) | UPST (NASDAQ) | |||
| Type | private | public | public | private | public | private |
| Global Employees | 439 | 1002 | 5000 | 250 | 1193 | 1 |
| Revenue (Annual) | $173.4 Million(2024) | $998.9 Million(2025) | $3.7 Billion(2024) | $168.4 Million(2025) | $1 Billion(2025) | |
| Headquarters | San Francisco, California, United States | San Francisco, California, United States | San Francisco, California, United States | Chicago, Illinois, United States | San Mateo, California, United States | New York, New York, United States |
| Latest Valuation | $1.8 Billion | $1.8 Billion | $8.7 Billion | $6.2 Billion |
What are Prosper's official legal and registration details?
| Name | Description |
|---|---|
| Legal Name | Prosper Marketplace, Inc. |
| Cin number | |
| GST number | |
| Registration number | 6053227 |
Who is in Prosper's executive leadership team?
| Name | Designation |
|---|---|
| CEO | David Kimball |
| Chief Financial Officer | Usama Ashraf |
| Chief Technology Officer | Nasos Topakas |
| General Counsel | Julie Hwang |
| Executive Vice President of Operations | Kunal Kaul |
| Executive Vice President of Marketing | Justine Metz |
Where are Prosper's primary office locations?
| City | Country |
|---|---|
| San Francisco | United States |
| Phoenix | United States |
What are the current business signals and market intelligence for Prosper?
| Spending next 3 months | Enhancing digital lending platform, Expanding marketing efforts, Developing new financial products |
| Pain points | Access to affordable credit, Debt consolidation, Credit score improvement |
| Sales motion | Online direct-to-consumer lending, Partnerships with financial institutions, Investor relations for loan funding |
| Buyer Persona | Middle-income individuals seeking personal loans, Investors looking for alternative assets |
| Type of customer | Individual borrowers, Institutional investors |
| Key customer domain | Personal loans, Credit cards, Investment opportunities |
| Annual ACV | Average loan amount: $2,000 to $50,000, Average investor return: 5.3% historical |
What is Prosper's annual revenue history?
| Year | Revenue (USD) |
|---|---|
| 2024 | 173.4 Million |
| 2023 | 137.7 Million |
| 2022 | 199.9 Million |
What are Prosper's risk management and compliance ratings?
| GDPR RIsk | No |
| Privacy Risk | Yes |
| Company Ratings | |
| Glassdoor Rating | 2.5 |
What are Prosper's business model and service classifications?
| Saas | No |
| Offline Stores | No |
| Service | No |
| Ecommerce | No |
| Exporter | No |
| Mobile App | No |
| Retail | No |
| B2B | No |
| B2C | No |
| Manufacturing | No |
| Wholesale | No |
| Importer | No |