Prosper Overview
Prosper is a people-to-people lending marketplace that attempts to make consumer lending more financially and socially rewarding.
Key People
Management
Board of Directors
Funding
| Date | Type | Capital Amount | Post-Money Valuation | Investors |
|---|---|---|---|---|
| 04/2005 | Series A | 7.5M | Unknown | |
| 02/2006 | Series B | 12.5M | Unknown | |
| 06/2007 | Series C | 20M | Unknown |
Products
| Name: | Prosper |
| Product URL: | http://prosper.com/ |
| Date Launched: | 02/2006 |
| Description: | Prosper is an online auction website where people can buy loans and request to borrow money. Borrowers set the maximum rate they wish to pay, and loan buyers set the minimum rate they wish to receive. Prosper verifies selected borrowers' identity and personal data before funding loans, and manages loan repayment. These unsecured loans are fully amortized over three years, with no pre-payment penalty. Prosper generates revenue by collecting a one-time fee on funded loans from borrowers, and assessing an annual loan servicing fee to loan buyers. |
| Screenshots: |
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Competitors
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Page Information
07/07/2009 10:19PM by utkarsh
User Opinions
Bulls vs. Bears (10)
| Bullish Opinions (8) | Author/Date | Do you agree? | |
|---|---|---|---|
|
Easy to use. |
map2010 12/02/2008 |
100% 1 vote 1 0% 0 |
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So far so good. I have 30 loans out and am doing OK with propser.com |
yamir87089 08/09/2008 |
100% 3 votes 3 0% 0 |
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innovative approach to lending. virgin just started this too. |
benson11 07/31/2008 |
100% 2 votes 2 0% 0 |
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p2p loans are gaining popularity - bank loans carry too much interest |
yuxin9303 07/09/2008 |
100% 1 vote 1 0% 0 |
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Smart, easy-to-understand interface |
green33 06/12/2008 |
100% 2 votes 2 0% 0 |
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Good execution of an innovative idea |
green33 06/11/2008 |
100% 2 votes 2 0% 0 |
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They have a lead in the person to person lending market in the US |
techgeek4 06/03/2008 |
100% 3 votes 3 0% 0 |
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with weakening economy, consumers are using alternatives to banks |
alexdao 05/06/2008 |
100% 6 votes 6 0% 0 |
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| Bearish Opinions (2) | Author/Date | Do you agree? | |
|---|---|---|---|
|
Trust in people in the US is lower than many other places in the world. |
tommyb 08/05/2008 |
100% 1 vote 1 0% 0 |
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With weakening economy, people may be less willing to lend |
green33 06/17/2008 |
100% 1 vote 1 0% 0 |
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- VB$175.22
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