About Us  > Blog

Innovative Financial Startups Band Together

by Prosper on 10/20/09

Ongoing economic challenges cannot be solved simply by fixing the traditional financial institutions, which proved to be opaque, fragile, and in some cases reckless. Navigating this ongoing financial crisis means embracing alternatives and new innovations that will make the country less dependent on any single point of failure, or institutions that are too big or too interconnected to fail. New companies and organizations are emerging to fill the void and to do so in a better, more responsible way. What solar panels and wind turbines are to the energy industry, alternative credit models are to financial services and consumer lending. They are new innovations that require new rules and fresh thinking to reach their full potential and mandate for change.

“Coalition for New Credit Models” members include, CreditKarma, Loanio, ProFounder, Progreso Financiero, Prosper, The Receivables Exchange, and SecondMarket.

The Coalition for New Credit Models policy recommendations for Congress and the Administration include:… Read More


  • Pingback: Twitter Trackbacks for Innovative Financial Startups Band Together [prosper.com] on Topsy.com

  • Gary Carlson

    The posting seems to imply more transparency for Prosper than for other traditional institutions. What exactly does this mean? What are we users of Prosper allowed to see of the big picture of the company? Is there an periodic independent audit that would assure us that all the loans are real and not made up as an elaborate Ponzi scheme? Can we see statistics on the new notes market to understand how it is working and have the same information to work with as company insiders? I want Prosper to work and I have some of my money in it. Please make the claim of transparency real.

  • http://www.com-samedayloans.com Same Day Loans

    Actually the global recession appears to be producing many new and innovative products. As in all recessions, the businesses who prosper will be the ones who serve their customers best when times are tough.


posted in Featured,Lenders,Prosper News 3 comments »

Connect with us

Search

Lenders

Prosper Gives Back: A Social Timeline Recap

By Prosper on 04/10/14   [ 0 ]

As of yesterday, the Prosper Gives Back campaign has come to a close. After hitting our $1 billion dollar mark, we connected with the whole Prosper community, we spoke with you guys, and we celebrated our butts off! While giving out $2,000 a day was exhilarating and fun, the greatest reward to us was hearing [...]

Read More

Prosper Crosses $1 Billion in Loans Funded

By Prosper on 04/3/14   [ 0 ]

Today is a huge day for Prosper. We crossed over the $1 billion mark in peer-to-peer loans. Its been a long road since the first loan in 2006. Since then the $1 billion dollars issued through Prosper went towards helping people fix their debts, pay medical bills, chase their dreams, and much more. The greatest [...]

Read More

Prosper Gives Back: Thanks from the Prosper Team*

By Prosper on 03/26/14   [ 0 ]

Whew! What an incredible journey it has been.  This past year has been monumental for Prosper as more and more people experience how easy it is to borrow and invest with people just like you.  We’ve evolved from a small disruptive force in the lending industry into a major voice in the finance market.  We’ve [...]

Read More

« Older Entries

Monthly Archive


Notice: Blogs and other materials posted on or linked from this page that use the name "Prosper" generally use that name to refer to Prosper Marketplace, Inc. if published before January 31, 2013 and to refer to Prosper Funding LLC if published on or after February 1, 2013.