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

Leave a Comment

Prosper moderates all comments and will approve those that are directly relevant to the post. We do not publish comments that are spam, are offensive or appear to pass you off as another person.

(required) Email will not be published.

Comment Policy


To prove you're a person (not a spam script), type the security word shown in the picture. Click on the picture to hear an audio file of the word.
Click to hear an audio file of the anti-spam word

3 Responses

Gary Carlson | October 22nd, 2009 at 10:57 am

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.

Same Day Loans | October 24th, 2009 at 5:15 pm

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



Karate Academy Improves Student Training with New Equipment

By Prosper on 03/4/15   [ 0 ]

Posted by Bill Walker Note: This post is based on a video submitted to our $2 Billion Strong Contest. To see more videos, visit our Facebook page. Kevin Johannes, a seventh degree black belt and owner of TASK Karate Academy, borrows through Prosper Loans because it offers him the best interest rates. But, that’s not [...]

Read More

Prosper Marketplace Partnership with Western Independent Bankers Expands Credit Opportunities for Small Banks and Their Customers

By Prosper on 02/26/15   [ 0 ]

We’re excited to announce today a partnership with Western Independent Bankers — a consortium of small community banks — that will give more banks the opportunity to offer credit to their customers, and more consumers access to affordable loans. Banks are under increasing pressure to deliver attractive interest rates for all consumers, and smaller banks [...]

Read More

Prosper Marketplace Announces Acquisition of American Healthcare Lending

By Prosper on 01/27/15   [ 0 ]

Today, Prosper Marketplace is excited to announce its first-ever acquisition — American Healthcare Lending, a leading patient financing platform. This is an important step in expanding our capabilities and bringing our product into a market where we believe it can make a positive impact. Healthcare lending is a growing industry, and one that we’re excited [...]

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.